One Day Later; Completely Unexpected -- The Sun "Came Up" As Usual -- January 21, 2021

First things first: housing numbers came in a whole lot better than expected. The market apparently didn't care. In early morning trading the S&P 500 and Dow are down slightly; NASDAQ is up a bit. 

Most fun: listening to the narrative on the Chinese flu changing. Even CNBC is starting to tell us what we already knew. Over at twitter, folks are starting to say the pandemic is quickly coming to an end.  Link here.

Operation All Clear: all that chatter about 100 million vaccinations in his first 100 days. LOL. Trump was already averaging one million vaccinations/day over each of the five days prior to the inauguration. In fact, if they only achieve 100 million vaccinations in 100 days it will be a "FAIL." They set the bar so low a cave man could do it.

Jobless claims: did anyone really get up early to see those numbers? LOL.

Portland: more protests overnight. Apparently sad to see Trump leave. Hard to believe that Portland used tear gas in a long, long time -- first night of Biden's administration. 

UNP: most important news that we will get today. At opening, UNP falls 2%, falls over $4/share. Reports EPS of $2.05 and revenue of $1.4 billion. But adjusted, earnings were $2.36. So hard to say. Forecast: $2.23. Bottom line: at best: in line. At worst: not as good as expected.

Baker Hughes: on the other hand, BKR is on a tear: up almost 4% at one point. Currently up77 cents/share.

ECB: "central rate" unchanged. Says economy "probably" contracted. EURO has strengthened against US dollar.  

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.

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Back to the Bakken

Active rigs:

$53.06	1/21/2021	01/21/2020	01/21/2019	01/21/2018	01/21/2017
Active Rigs	12	53	67	58	38

One well coming off the confidential list -- Thursday, January 21, 2021: 31 for the month, 31 for the quarter, 31 for the year.

• 37505, loc/NC, CLR, Miles 11-6H2,Dimmick Lake,
  

RBN Energy: Mexico Pacific Ltd.'s LNG export project in Puerto Libertad.

There are no absolute certainties in the energy industry, but one thing a lot of people are betting on is increasing demand for LNG in Asia. A long list of countries there — China, Japan, and South Korea among them — have been shifting from nuclear and coal-fired power generation to natural gas, and as they do, their demand for LNG will be mind-blowing. The U.S. has emerged as a major supplier, but shipping LNG from the Gulf Coast to Asia involves either transiting the busy and costly Panama Canal or taking much longer routes through the Suez Canal or around the Cape of Good Hope. All of that has helped spur interest in developing LNG export terminals in western Mexico that would pipe in and liquefy Permian gas, then ship it straight across the Pacific Ocean. Today, we discuss plans for a large-scale liquefaction/export project aimed squarely at Asian buyers.