Wednesday, January 26, 2022

Five Wells Coming Off Confidential List; Boeing Reports Massive Loss; And, Just Like That, WTI At $86.30 -- January 26, 2022

Biden's response to "minor incursion" into Ukraine: US might sent 3,500 troops to Latvia. Well, that should make Putin think twice about this.

Ford: did anyone else miss this. Ford halted new Maverick Hybrid pickup orders through summer until it can meet current demand. This is a $20,000 pickup truck; can't be much of a margin on this vehicle for Ford. Link here

Cyber threat
: expect massive Russian "hack attack" on global internet if US pushes back on a "minor incursion" into Ukraine.

Clearing the desk:

Boeing earnings: huge, huge miss; shares off very, very little; now turn positive five minutes after news released

  • loses $7.69 / share; street forecast: a loss of 42 cents / share;
  • revenues at $14.8 billion  vs market street forecast $16.59 billion
  • Phil LeBeau was able to find nothing but good news in these numbers
    • I find it impossible CNBC analysts and talking heads blow off--
      • a $7.69 / share loss, and,
      • the analysts missed this
    • are you kidding me? 
  • "abnormal charges": doubled; 787 Dreamliner / FAA process
  • Phil LeBeau continues optimistic chatter; nothing to see here
  • Boeing still producing more 737's than operators buying
  • my hunch: AAPL reports record quarter and shares drop

Today's commentary: "oil is the wrecking ball we all deserve." Op-ed. Adventures In Capitalism.  

MSFT: for investors, that swing was something for the ages. From $288 to $270 in a crash flash, and now back to $301.

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

Active rigs:

$86.30
1/26/202201/26/202101/26/202001/26/201901/26/2018
Active Rigs3112566557

Wednesday, January 26, 2022: 44 for the month, 44 for the quarter, 44 for the year

  • 38390, conf, Petro-Hunt, Meadow 162-100-12D-1-3H, West Ambrose, no production data,
  • 37859, conf, CLR, Clear Creek Federal 5-35H,Westberg, no production data,
  • 37333, conf, Hess, EN-Rice-A-155-94-0310H-3, Manitou, first production, 7/21; t--; cum 30K 11/21;
  • 37190, conf, Whiting, Feehan 11-9TFHU, Sanish, first production, 7/21; t--; cum 30K 11/21;
  • 37147, conf, CLR, Kate 11-19H1, Big Gulch, first production, 8/21; t--; cum 30K 11/21;

RBN Energy: Alberta's roadmap for expanding the rold of hydrogen

Alberta, Canada’s energy powerhouse, accounts for the vast majority of the nation’s crude oil, natural gas, and NGL production. There is a lot of hydrogen locked up in all of those hydrocarbons and Alberta’s provincial government recently laid out a seven-part plan to expand the production and use of “blue” hydrogen — produced from natural gas via steam methane reforming with carbon capture and sequestration — as part of a broader effort to bolster its existing natural gas sector and energy transition cred. In today’s RBN blog, we explore Alberta’s proposed hydrogen strategy.

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