Surprise, Surprise -- US Equity Markets Reverse Direction -- April 21, 2021

The US equity markets: completely unexpected. After two days of profit-taking, and futures pointing toward a third day of "red," all four major indices suddenly turn green. Third stock I checked:

• UNP: up 2.14%; up $4.72; trading over $225. Ended up hitting a new high, but then settled back a bit. Closed at $223.56.
  

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. 

For investors:

• 10-Year Treasury: link here. 1.566. In a "trading" range.
  
• DXY: link here. $91.14. Pretty much unchanged all these months.
  
• Silver: link  here. $26.53.
• CBOE volatility index: link here. 17.66. 

Later, at the close:

• wow, that "pullback" did not last long; all of two days. All four major indices up nicely at the close.
• Dow: up 316 points; closes back over 34,000;
• S&P 500: closed up 38 points; close to the 10:1 rule;
• NASDAQ: nice participation; up 164 points at the close;
• WTI: down 2.5%; closed just above $61
• OKE: up over 3%;
• MNRL: up almost 2%; nice; 
• nothing else matters today. LOL. Time to watch the movie. LOL.
  

Afternoon movie: The Great Gatsby. Watching The Great Gatsby, I was curious what others thought might be the better movie. One opinion here. 

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Back to the Bakken

Active rigs:

$63.09	4/21/2021	04/21/2020	04/21/2019	04/21/2018	04/21/2017
Active Rigs	16	30	63	59	49

One new permit, #38271:

• 38271, conf, Whiting, Platt 44-28-2H, Sanish, SESE 28-154-91, 699 FSL 279FEL
• other wells of interest in the immediate area:
• 19760, 853, Whiting, Deal 43-28TFH, t3/11; cum 178K 2/21;
• 18213, 3,308, Whiting, Platt 44-28H, Sanish, t12/09; cum 579K 2/21; a stripper well;
  
• 18559, 2,123, Whiting, Platt 43-28H, Sanish, t4/10; cum 442K 2/21;
• 25322, 1,083, Whiting, Maki 41-33-2XH, Sanish, t9/13; cum 361K 2/21;

Thirteen permits renewed:

• Hess (6): four LK-Olson permits and two LK-Bice permits, all in Dunn County (LK = Little Knife) -- the assets Hess sold to Enerplus;
• CLR (3): three Chloe permits in Williams County;
• Whiting (2): a Olson permit in Williams County and a Helling permit in McKenzie County;
• NP Resources (2): two Cerkoney permits in Billings County; Tree Top field;
• 34814: target, Three Forks B1, 1280-acre spacing;
• 34813: target, Three Forks B1, 1280-acre spacing;