Thursday, November 4, 2021

Halcyon Days For Investors -- Four New Permits; WPX Reports A Completed DUC -- November 4, 2021

EOG gets it, XOM does not:

  • XOM raises its dividend from 87 cents to 88 cents;
  • EOG: raises quarterly dividend from 41.25 cents to 75 cents; and declares a special dividend of $2.00 / share;

Jim Cramer:

"a halcyon season for stocks" -- who would have thought last year -- March, 2020, when folks thought Joe Biden might actually win the presidency; no one thought he could win, but folks were nervous, scared;

  • one year ago at this time, we were told:
    • higher income taxes
    • capital gains tax hike
    • higher dividend taxes; taxes were to go way up on dividends
    • pricing pressure on drug companies
    • increased banking regulation
    • no more mergers
    • heath insurers crushed
    • crackdown on billionaires
    • higher rates
    • stock ownership diminished
    • all leading to a bear market
  • what really happened
    • all turned out to be completely bogus
    • no new taxes
    • not much new spending

WTI: fall 2.54%; falls $2.05; closed at $78.81. Buying opportunity. 

EOG: reported November 4, 2021 --

  • excellent 3Q21 results;
  • raises regular dividend 82%; 
  • declares $2.00 special dividend
  • shares: jump 3.69% after hours; up $3.35/share; trading at $94.25

Peloton: in the tank. Fell 25% today. Down 28% after hours.

McDonald's: surging. Up 1.22% today; up $3.06; closed at @53.46, all-time high; intra-day high, all-time high, $254.16.

********************************
Back to the Bakken

Note: I haven't checked out the active list today, scanning through it quickly, it looks like NDIC might have cleaned it up.

Active rigs:

$78.81
11/4/202111/04/202011/04/201911/04/201811/04/2017
Active Rigs32
13566655

Four new permits, #38639 - #38642, inclusive:

  • Operator: Hess
  • Field: Dollar Joe (Williams)
  • Comments:
    • Hess has permits for four GO-Knudson wells to be sited in SESW 20-156-97; to be sited 567 FSL and between 2316 FWL and 2217 FWL;

Two permits canceled:

  • Whiting: two LBJ permits in Mountrail County;

One producing well (a DUC):

  • 37231, 1,523, WPX, Patricia Kelly 2-1HX,

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