Only One New Permit Today; WTI Holds At Just Under $57-- November 14, 2019

Ag disaster: reading the stories closely reveals the "ag disaster" this year was due to US cooling, not global warming:

• [Minneapolis] Star-Tribune: North Dakota/Minnesota sugar beet harvest worst in 75 years -- wet and cold
• zerohedge, November 13, 2019

Market talk:

• Walmart earnings jump; not affected at all by tariffs; China might get the message; Walmart finding other sources for products affected by tariffs
• Walmart more than holding its own against Amazon
• if one wants a rotisserie chicken for dinner? Walmart, not Amazon
• five-minute walk to my local Tom Thumb grocer: a rotisserie chicken for $9.99
• five-minute drive to my local Walmart: a rotisserie chicken for $4.98
• 15-minute drive to nearest Costco: a rotisserie chicken for $4.95
• five-minute drive to my local "Whole Pay-Check" 
  
• why "Whole Foods" is banking on rotisserie chicken, January 17, 2018 -- about two years ago;

AAPL: although it traded lower by the close, AAPL hit an intra-day record, $264.88; but the buzz on Wall Street -- time to sell -- just as we go into Apple's best quarter (generally speaking, based on historical data -- previously linked). Again, see disclaimer below.

In The Air Tonight, Phil Collins


Disclaimer: this is not an investment site.  Do not make any investment, financial, career, travel, job, or relationship decisions based on what you read here or think you may have read here.

*****************************************

Back to the Bakken

Active rigs:

$56.91	11/14/2019	11/14/2018	11/14/2017	11/14/2016	11/14/2015
Active Rigs	56	64	54	38	64

One new permit today, #37182 (actually this one was from yesterday, also):

• Operator: Whiting
• Field: Glass Bluff (Williams County)
• Comments: 
• Whiting has a permit for a Klose permit in Glass Bluff oil field, section 23-151-103
• three existing permits/wells on that pad:
• 36936, loc,
• 20144, 751, Whiting, Klose 151-103-26B-35-1H, Glass Bluff, t3/12; cum 182K 9/19;
• 36937, loc,
• this area has had little activity; one would really question whether this is tier 2; maybe even tier 3, and yet Whiting must have found something it likes here