One New Permit; Stock Market On A Tear -- What A Great Country -- My Favorite Chart -- The Roaring 20s -- 33 Active Rigs -- November 2, 2021

To infinity and beyond. BED, BATH, AND BEYOND! Surges after hours. Up 65% after hours. $16.75 at the close; after-hours, up $11, trading at $28. 

Avis, of course, did a whole lot better. Doubled today. No explanation but two thoughts by others (not me):

• short squeeze; and,
• Tesla connection.

My favorite chart:

The markets: record close for all three major indices and a huge close for the small-cap stocks, the Russell 2000. So explain this: don't fight the Fed, and yet, tomorrow everyone expects the Fed to announce the beginning of "the taper." It may be "don't fight the Fed" but right now it's all about earnings.

Pfizer: vaccine "approved" for "5-to-11-year-olds." PFE up after hours, but more interesting: "work-from-home" stocks are getting crushed. This might be a "leading indicator." Movers and shakers know that not only is the delta surge over, but there's no way the government will ever shut down the economy again. Period. Dot. 

The Great Gatsby

Covid-19: local school district (both very large districts)

• elementary school: not one positive case in past three weeks (knock on wood)
• my hunch: most won't get their kids vaccinated
  
• high school: averaging about four new cases among students; and one staff member every two weeks.

CNBC: anyone who can take on Steve Liesman knows his/her stuff -- Melissa Lee is able to take on Liesman; she knows her stuff. Best three hours on CNBC: the calm Jim Cramer, David Faber, and Carl Quintanilla, 8:00 - 9:00 a.m. CT; the stock-picking panel with Melissa Lee, 4:00 - 5:00 a.m. CT; and, the manic Jim Cramer, but only from 5:00  - 5:10 p.m. CT.

DWAC: up almost 7% for the day; up $4.14; closed at $64.96.

ISO NE: $80 right now. 

Lyft: Lyft surges after hours. Average revenue per rider -- $43. Ouch. I took Uber from PDX to our daughter's house on two occasions. Without an additional $10 tip which I paid for each trip, the first time the Uber ride cose $40; the second time $50. Very convenient. Very nice. Very expensive. Now, I take MAX or TriMet or Light Rail, whatever they call it. $2.50 for a 2.5-hour ticket, and then my daughter told me the "honored citizen" ticket costs $1.25 for the same 2.5-hour ticket. So, now the $50-trip costs me $1.25.

Zillow ads; I don't watch much network television any more, but a fair amount of cable networks and last month the Zillow ads dominated. So I don't know if others noted also, but last month Zillow commercials were shown incessantly throughout the day, over and over and over. This week: zero. None. I haven't seen one Zillow ad. Oh, that's right: Zillow is shutting down its home-buying unit.

CrashandBurn, Thomas RhettOnly 67 million views -- who wudda guessed?

Louisiana: leading America's LNG boom. FWIW.

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Back to the Bakken

Active rigs, see updated list here:

$83.91	11/2/2021	11/02/2020	11/02/2019	11/02/2018	11/02/2017
Active Rigs	33	14	57	68	55

Two operators each add one rig each:

• True Oil
• Crescent Point Energy

One new permit, #38633:

• Operator: Sinclair Oil & Gas
• Field: Lone Butte (McKenzie)
• Comments:
• Sinclair has a permit for a Grasslands Federal well in NESW 13-147-98, to be sited 1882 FSL and 2307 FWL

Three permits renewed:

• MRO (2): a Levi USA and a Kottke USa permit, both in Dunn County;
• Enerplus: an FB Leviathan permit in McKenzie County