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.

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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	11/4/2021	11/04/2020	11/04/2019	11/04/2018	11/04/2017
Active Rigs	32	13	56	66	55

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,