This CLR Radermecher well will go over 500K bbls crude oil cumulative when it comes back online:
- 28998, 1,880, CLR, Radermecher 4-22H2, Camel Butte, 8 days to drill, Three Forks 2nd bench, 39 stages; 10.9 million lbs; this is becoming so routine for CLR, the entire geologist's summary was less than a page, and did not include drilling to vertical depth; lateral drilling synopsis in one short paragraph; t2/17; cum 496K 4/20; off line 5/20;
The CLR Norfolk wells have been updated.
The CLR Palmer and Palmer Federal wells have been updated. These wells are all SI/A; they all had two months or so of production, and were all taken off line 5/20;
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Buffett And The Airline Stock He Sold
Back on March 23, 2020, a senior analyst for some firm said that Warren Buffett panicked when he sold his airlines. That analyst did not know a basic rule of investing. LOL.
So, where does Berkshire Hathaway stand today if Warren Buffett re-invested all proceeds from the four airlines he sold, back into AAPL:
Airline
|
Shr Price: 3/31/2020
|
Dollars: 3/31/2020
|
Shares
|
Shr Price: July 10, 2020
|
Total: July 10, 2020
|
|
DAL
|
28.53
|
675,000,000
|
23,659,306
|
27.09
|
640,930,599
|
|
UAL
|
31.55
|
675,000,000
|
21,394,612
|
32.67
|
698,961,965
|
|
AAL
|
12.19
|
675,000,000
|
55,373,257
|
11.94
|
661,156,686
|
|
SWA (LUV)
|
35.61
|
675,000,000
|
18,955,350
|
33.22
|
629,696,714
|
|
2,700,000,000
|
2,630,745,965
|
|||||
AAPL
|
254.29
|
2,700,000,000
|
10,617,799
|
383.68
|
4,073,836,958
|
|
1,443,090,993
|
||||||
2,630,745,965
|
||||||
54.85%
|
||||||
March 24, 2020
|
224
|
10,617,799
|
2,378,386,881
|
|||
July 10, 2020
|
383.68
|
10,617,799
|
4,073,836,958
|
|||
1,695,450,077
|
Hypothetical numbers:
- on/about March 31, 2020, proceeds from sale of the four airlines: $2.7 billion
- July 11, 2020, those four holdings would be worth: $2.63 billion
- had Buffett taken that $2.7 billion and purchased $2.7 billion of AAPL shares back in March, they would be worth $4.074 billion, a 51% increase in value vs a further loss in the value of those airline stocks.
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