Four Wells Coming Off Confidential List -- July 22, 2020

Fast and furious:

• US orders Chinese consulate in Houston to shut immediately;
• Baker Hughes posts second-straight quarterly loss; EPS misses by $0.05; revenue misses by $60 million;
• Enbridge declares CAD 0.81 / share, quarterly dividend; in-line with previous; forward yield, 7.79%; payable September 1, 2020 to shareholders of record, August 14, 2020; ex-div, August 13, 2020;
• TSLA, MSFT report 2Q20 earnings after the market closes this afternoon 
• TSLA: said to have 90% chance of reporting a profit;
• TSLA forecast:
• revenue: $5.2 billioin vs $6.35 billion y/y
• adjusted loss per share: 15 cents vs $1.12 y/y
• if it shows a GAAP profit, it will mark the company's fourth consecutive quarter of GAAP profitability making the stock eligible for consideration for inclusion in the S&P 500; 
• TSLA is up almost 2%; up over $28 / share in pre-market trading
• MSFT: up slightly in pre-market trading;
• MSFT forecast:
• revenue: $35.54 billion expected vs $33.7 billion, same qtr last year
• EPS: $1.37 expected vs $1.37 in same qtr last year 
• silver spikes to nearly $23/ounce; 

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

OPEC Basket: $44.29, nice little jump.

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Back to the Bakken

Active rigs:

$41.28	7/22/2020	07/22/2019	07/22/2018	07/22/2017	07/22/2016
Active Rigs	11	55	67	58	32

Four wells coming off the confidential list -- Wednesday, July 22, 2020: 55 for the month; 55 for the quarter, 501 for the year:

• 37072, loc/NC, WPX, Wolverine 21-22HY, South Fork,
• 35914, SI/A, CLR, Wahpeton 16-16H1, Banks, t--; cum 116K over 3 months, 7 days; the CLR Wahpeton wells are tracked here;
• 35743, SI/A, Whiting, Ogden 14-3XH, Sanish, t--; cum 64K 5/20;
• 35696, SI/A, Oasis, Joplin 5397 42-32 8T, Banks, t--; cum 64K 3 months; the Oasis Joplin wells are tracked here;
  

RBN Energy: Shell plans to sell another refinery; this time in Louisiana's refinery row. Archived.

Earlier this month, Shell announced that it was exploring the sale of yet another refinery — this time, it is the company’s Convent facility in Louisiana, which is one of the two refineries in the state that remain with Shell from the unwinding of its former joint venture with Saudi Aramco. Convent, with a capacity of 240 Mb/d, is near the middle of the pack in terms of refinery size and possesses some unique characteristics that could make it an attractive option for the right buyer and market conditions.

But Shell’s announcement also raises a question, namely, how does the prospective sale compare with the company’s stated intent to focus on a smaller set of refineries integrated with Shell’s key trading hubs and petrochemicals operations? Today, we review the refinery’s characteristics and how it stacks up against its nearby rivals.

And it's waffle Wednesday!

Weekly Waffle Day