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:

• US solar boom stumbles: link to Irina Slav.
• UK plans more power capacity to avoid outages next winter. Link to Tsvetana Parskova. Wind. Definition of insanity?
• How the IEA lost 200 million oil bbls: link to Tsvetana Paraskova. IEA doesn't track China's inventories, demand, supply. Let's see, Pat. I think this riddle is solved.
• Toyota: targets a record eleven-million vehicles for fiscal year 2022. Link to ZeroHedge. 
• Natural gas: Saudi Arabia's gas production hits record-high. Link to Tsvetana Paraskova. 
  

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.

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Back to the Bakken

Active rigs:

$86.30	1/26/2022	01/26/2021	01/26/2020	01/26/2019	01/26/2018
Active Rigs	31	12	56	65	57

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.