No Wells Coming Off Confidential List -- May 26, 2021

10-yr Treasury: despite all that hand-wringing some months ago, 1.569%.

Amazon-MGM: will happen. $8.4 billion. 

Dividend stocks: ten bet, Mario Gabelli, FWIW, link here.

• MPC
• The company announced earlier this month that it signed a deal with One Energy Enterprises LLC for the installation of five wind turbines that will generate 2.3 megawatts of renewable energy at its renewable diesel plant in North Dakota. The wind turbines will help reduce MPC’s carbon footprint. For Q1 2021 the company reported a net loss of $(0.37) compared to a net loss of $(14.25) in Q1 2020. Marathon Petroleum Corporation (NYSE: MPC) board of directors recently declared a Q1 dividend of $0.58 per share.
• CVX
• FirstEnergy Corp
• AbbVie, Inc
• T -- article doesn't mention cut in ATT's dividend
• H&R Block, Inc
• XOM
• IBM
• OKE
• EPD

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Back to the Bakken

Active rigs, includes one SWD rig:

$65.91	5/26/2021	05/26/2020	05/26/2019	05/26/2018	05/26/2017
Active Rigs	19	14	65	65	50

No wells coming off the confidential list.

RBN Energy: the tremendous promise, gold-rust potential, and remarkable paradox of CO2 sequestration.

There’s a fresh breeze blowing through the energy patch. Oil and gas companies seem to have turned a corner and are piling on the climate change bandwagon. They’re talking green, walking green, and many are in hot pursuit of government subsidies and tax breaks that are here today, with expectations that more incentives are on the way. Carbon dioxide is their primary target — it’s by far the most prevalent greenhouse gas and technologies already exist for permanently depositing captured CO₂ deep underground. In fact, the U.S. is #1 in the world at this, accounting for about 80% of all the CO₂ being stored globally. But it may surprise you to learn that much of the CO₂ being squirreled away for eternity isn’t captured from industrial processes or exhaust. Instead, a lot of it comes from CO₂ reservoirs in Colorado and New Mexico, tapped on purpose to bring vast volumes of CO₂ to the surface. Why? So that CO₂ can be put right back into the ground. Sound crazy? Well, it’s not. In the blog series we begin today, we explore the rapidly evolving CO₂ market and the huge opportunities that await those with the ambition to pursue them.