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Saturday, July 11, 2020

Updating Some CLR Wells -- July 11, 2020

CLR's Rath Federal, Brangus, Maryland, and Nashville pads have been updated.

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 Radermacher wells are tracked here. Data has been updated.

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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