Another Day Of Sub-$60 WTI; One Well Coming Off Confidential List; DAPL One Step Closer To Shutdown -- April 9, 2021

UPDATES

 Amazon: kills unionization. The vote was not even close. Something like 70% of those voting, voted "NO" on unionization. Sorry. Not sorry.

FAST AND FURIOUS

Investing, BofA report: money flowing into the stock market in the last five months has exceeded that of the prior twelve years. Link here.

• equity funds have attracted more than half a trillion dollars in the past five months, exceeding inflows recorded over the previous 12 years, according to data from BofA, which has likened the stampede to a "melt-up" in markets;

PPI: up 1.0% vs 0.4%. Oh-oh.

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. 

DAPL: case will be heard today;

• 70% chance pipeline will be shut down for remainder of 2021; link here;
• unclear when ruling will be made; could be made today
• Bakken oil will be rerouted in every direction when DAPL shuts down; link here;
• cancellation of Liberty Pipeline adds to concern, previously posted;
• ERF up 4% today; has nothing to do with DAPL; all to do with Hess deal; previously posted; paid $4,000/Bakken acre vs $40,000/acre in the Permian; a real steal.
  

Energy picks: top energy stocks for April, 2021, Investopedia. Link here. Three different metrics:

• first metric: Equitrans Midstream, Valvoline, and ONEOK
• second metric: Baker Hughes, Valvoline, Williams Companies
• third metric: Antero Midstream, Targa Resources, Halliburton,

DUCs: Debbie Downer on DUC completions. Link here. 

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. 

McDonald's: leaving Walmart, link here.

• McDonald's restaurants in Walmart were always packed but that's not where McDonald's money is made -- McDonald's makes its money in drive-through; explains why McDonald's did so well during the pandemic;

Hopeful sign: early voting suggests unionization of Amazon will go down in defeat; in early returns, going down 2 - 1; huge benefit working for Amazon: receive shares in AMZN; US workers better educated than the workers of 1935; understand pitfalls of unionization; benefit package already one of the best one can find. Not my views: NY Times analyst.

AMD:

• firing on all cylinders. Link here.
• XLNX: shareholders overwhelmingly approve acquisition by AMD. Link here.

GM:

• to halt production at several North American plants due to chip shortage. Link here.unveils affordable electric Hummer SUV ($110,595) to join affordable electric pickup ($99,995). The perfect gifts for those students who did not get accepted by USC. LOL. Link here.

AAPL: re-posting. Apple delays Mac and iPad production due to chip shortage; buried in these stories -- delay won't impact consumer at point-of-purchase; overview of entire lineup; Zacks link here;

Buffett: almost entire portfolio in three sectors; link here;

• information technology;
• financials;
• consumer staples;

Chart of the day, link here.

• China sold in March, 2021, a record number of excavators;
• sold more excavators (72,000) in one month than were sold in all of 2015 and 2016
• I assume the excavators were needed to build all those coal plants, previously posted;

China car sales: soar to pre-pandemic levels. Link here.

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:

$59.37	4/9/2021	04/09/2020	04/09/2019	04/09/2018	04/09/2017
Active Rigs	16	36	63	58	49

One well coming off confidential list -- Friday, April 9, 2021: 5 for the month, 5 for the quarter, 86 for the year:

• 37323, AL/A, MRO, Oscar Thorson USA 41-8TFH-2B, Reunion Bay,
  

  Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
  BAKKEN	2-2021	28	31160	31131	29247	56126	54199	1714
  BAKKEN	1-2021	31	45678	45732	43446	69958	67215	2512
  BAKKEN	12-2020	29	58376	57961	60894	76880	73471	0
  BAKKEN	11-2020	0	0	676	0	0	0	0
  BAKKEN	10-2020	18	49870	49194	71407	62907	43525	16447

RBN Energy: shift to renewable diesel drives many refiners' ESG plans, part 4. 

Each sector of the oil and gas industry — upstream, midstream, and downstream — faces its own unique set of challenges in dealing with the ongoing transition to a lower-carbon global economy and in addressing the increasing ESG-related demands of investors and lenders. Refiners are no exception. Their highly complex facilities may be capable of converting crude oil into gasoline, diesel, and jet fuel, but the fact remains these refined products generate greenhouse gases when they are produced and consumed. What can refiners do to prepare for an era of low- or no-carbon fuels and improve their enviro-cred at the same time? Many have been investing heavily in renewable fuels production, such as renewable diesel and ethanol, and in sourcing at least some of their electricity needs from wind and solar. Today, we continue our series on the environmental-social-governance movement in the oil and gas industry with a look at what refiners are doing on the ESG front.