The Market And Energy Page, T+29 -- March 29, 2018

Correction: earlier this week I wrote that we would know on Friday, 10:30 a.m. Central Time whether the market's surge on Monday was a dead cat bounce. The market is closed Friday. We will know today at the close whether Monday was a dead cat bounce:

• if the market closes on a negative note, clearly Monday was a dead cat bounce
• if the market closes less than 150 points up, Monday was likely a dead cat bounce
• if the market closes between 151 points and 250 points up, Monday was NOT likely a dead cat bounce
• if the market closes up more than 251 points today, Monday was clearly not a dead cat bounce [Later, the Dow closed UP 255 points -- which I would argue is a somewhat ambivalent response]

TSLA: On the last trading day of the quarter, and on a day the market is marginally higher, TSLA? Down another 3%; down almost $8. Could drop below $250/share. Did I hear someone say "ouch"? [Later, TSLA closed up over 3%; over $8/share.] [After market close and just ahead of a 3-day weekend Tesla announces a recall of 123,000 Model S cars over faulty steering component: the timing of the announcement is incredibly interesting. This has to leave a lot of TSLA "investors" a bit nervous -- buying TSLA at the close (when shares were moving up) and now not knowing what the recall will mean to TSLA when the market opens again -- a long, long three days from now.]

 The above posted at 7:14 p.m. Central Time, March 29, 2018.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or what you think you may have read here. However, having said that, Grapevine, TX, is a nice place to visit this time of the year. Or, actually, any time of the year.

Biggest problem for Tesla: no moat.

• at the high end: Jaguar + Waymo = I-Pace
• at the low end: Hyundai just announced its EV entry 

 Second biggest problem for Tesla: minimal experience with manufacturing automobiles

• Jaguar: long, long history
• Hyundai: long, long history

Best thing going for Tesla: faith.

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Port Of North Dakota

Minot Daily News provides update.

• the railhead / terminal / transloading facility leases land from the city of Minot
• the port has not paid its lease in some time; the port has defaulted on many loans
• the city has taken steps to terminate the lease with the port
• the port has until April 30, 2018, to sort this out
• port leases about 135 acres from the city of Minot
• the city has capitalized about $1 million in rail and other infrastructure at the port 

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Frack Sand

Look at that amount of sand Enerplus used on this frack, reported today, almost 20 million lbs:

• 33486, 1,667, Enerplus, Crane 150-94-33C-28H, Spotted Horn, 40 stages; 19.3 million lbs, mesh; t10/17; cum 184K 1/18; 

See results of other wells that came off confidential list this week at this post.

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Bakken Economy