No New Permits, But Thirteen Permits Renewed, Including Kraken, Renewing Three Permits -- May 19, 2021

Woke, nonsense, or simply next-level ignorance: Saudi sells its entire Suncor Energy holdings to buy positions in companies in the video games industry. Wow, talk about an echo chamber among the princes. Note: the Saudi Arabian sovereign wealth fund, the Public Investment Fund (PIF).

Comment: for all the hand-wringing about the price of oil today, it still looks really, really good. For me, the sweet spot for WTI is $55 - $60. May $60 - $65 with the weakening dollar. And, yes, I bought more shares in a US shale oil company earlier today. I know the trade went through; I don't know the details. Be greedy when others are fearful.

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. 

By the way, what did ARRK do today? Actually better than I would have expected; down only 1.75%.

Ford: idling plants, shutting down production; can't get enough chips. Something tells me this is not going to end well. Actually did quite well; a three-cent loss to close at $12.11. I guess "they" like the new Mustang (EV) and the new Lightning pick-up (EV). The latter won't be available until next year.

Reminder: 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. 

Comment: because of family commitments today (and the rest of the week for that matter), I did not see "Fast Money" or "Mad Money" in real time today. I can watch re-runs on Hulu starting tomorrow, I believe, but I probably won't. A few more days like today (and this week) and some folks are going to start paying attention (either on the buy side or the sell side). 

Comment: just think how that car dealer that sold a brand new $150,000 car yesterday and took the payment in Bitcoin feels today. Ouch. I believe the North Dakota state treasurer accepts Bitcoin. I hope he/she's a nimble trader. 

ND refinery: this should make the environmentalists happy. 

Why do we even bother? Link here. 

Brought tears to my eyes: https://www.foxnews.com/us/texas-elementary-school-surprises-cafeteria-worker-after-she-becomes-a-u-s-citizen.

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Back to the Bakken

Active rigs:

$63.37	5/19/2021	05/19/2020	05/19/2019	05/19/2018	05/19/2017
Active Rigs	19	14	66	61	51

No new permits.

Thirteen permits renewed:

• BR (7): two Mathistad permits; two Croff permits, all in McKenzie County; three Keene permits in Dunn County;
• Kraken (3): a Raymond LW permit, a Raymond permit; and, a Fairbanks permit, both in Williams County;
• Lime Rock Resources (2): two Robert Sadowsky permits in Dunn County;
• CLR: a Cuskelly permit in Dunn County;