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.