CLR To Report One Well; SRE Beats, RBN On $100-Oil -- Palindromic Friday -- 2-25-22

Wow, a great day for blogging. Lots of good stuff coming your way today. Much will be delayed but we will eventually get to everything.

First off, SRE. Wow, wow, wow, link here:

• EPS of $2.16; beats by sixteen cents;
• revenue of $3.84 billion beats by  $320 million
• and look at this, holy mackerel, SRE raises dividend by 4%; 
• $1.145 / share quarterly vs previous of $1.10; whoo-hoo. 
• in 2015, SRE was paying 70 cents / share / quarterly
• earnings call, SeekingAlpha;
• press release;
• holy mackerel: SRE up 5.4% at the close; up $7.21 / share today; closed at $141.44; still not an all-time high, but are you kidding me!
  

BWXT: increased its quarterly dividend, not by much, but still an increase. 

Slowly, but surely, it's amazing how dividends grow. BWXT is a "nothing" in the big scheme of things, and yet in just a few years its dividend has doubled. So, if one was getting $10,000 annually in dividends from BWXT just a few years ago, one is now getting $20,000 annually.

Later today: US Supreme Court nominee.

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Back to the Bakken

Active rigs:

$93.27	2/25/2022	02/25/2021	02/25/2020	02/25/2019	02/25/2018
Active Rigs	32	15	49	66	57

Friday, February 25, 2022: 45 for the month, 100 for the quarter, 100 for the year

• 38151, conf, CLR, Flint Chips Federal 16-5HSL,

RBN Energy: $100 / bbl crude oil is back. What does it mean? Will it last?

Well, it took a hot war in Europe, constrained capital spending by U.S. producers, continued restrictions in OPEC+ production, and ongoing economic recovery from a global pandemic, but it’s finally happened: Brent shot past $100 and even $105/bbl Thursday before dropping in the last hour of trading to settle a hair above $99. Even WTI touched $100/bbl briefly. The market has been buzzing about the prospects for the breach of this threshold since October, coming along with waves of speculative trades, a dozen false starts, and countless pundit predictions. Now that it has happened, what does it mean — other than higher gasoline prices, of course? In the good ole days, high prices would spur production growth that would help bring prices back down — eventually. But this time, things are different. Which begs the #1 question: Will triple-digit oil prices last? In today’s RBN blog, we’ll consider these issues in the context of historical price behavior and what we might expect this time around.