First things first: headline -- "market under pressure after record-breaking rally." So I checked the pre-market Dow -- down ... drum roll ... I hope you're sitting down ... down 30 points. LOL. Under pressure? The Yahoo!Finance headline writer clearly knows something I don't.
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.
TSLA: it's gonna surge today. GS raised its target price for TSLA. So I checked pre-market TSLA -- already up over 3%; already up over $18/share.
AAPL: appears to be holding; up slightly in pre-market trading.
Jobless claims: is it Thursday already? Yawn.
Biggest question everyone is asking: when does the market crash?
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Back to the Bakken
Active rigs:
| $45.01⇣ | 12/3/2020 | 12/03/2019 | 12/03/2018 | 12/03/2017 | 12/03/2016 |
|---|---|---|---|---|---|
| Active Rigs | 14 | 55 | 65 | 53 | 39 |
Wow, that Midwest AgEnergy Group, LLC, rig is still on the active list. How long does it take to drill a carbon capture and storage well? This rig must be going on two months. A typical Bakken well is drilled within a few days.
Two wells coming off the confidential list --Thursday, December 3: 3 for the month; 59 for the quarter, 724 for the year
- 37535, loc/NC, CLR, Kennedy 15-31HSL, Dimmick Lake,
- 37423, loc/NC, Slawson, Tempest Federal 2-14H, Big Bend,
RBN Energy: the 2021 outlook for key misdtream-sector players.
There’s no question, the pressures on many U.S. midstream companies have been steadily increasing for some time now, and the past few months have really tested them. Like exploration and production companies, refiners, and others in the energy space, midstreamers have seen their well-considered plans for 2020 upended by demand destruction, commodity-price gyrations, and cutbacks in capex, drilling, and production.
While it may be tempting to simply wait out the last few weeks of this crazy, unforgettable year and hope that 2021 will be better, there’s actually at least some good news out there for the midstream sector, and good reason to believe that midstreamers have been positioning themselves to financially weather whatever next year may have in store. Today, we discuss highlights from East Daley Capital’s newly issued 2021 Midstream Guidance Outlook, which focuses on key trends affecting midstream asset owners.
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