All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.
Abbott's War: apparently Federal judge rules for Texas with regard to new abortion law; I haven't followed the case. Waiting for mainstream media to report. Right now, only Fox has reported the story.
- apparently Idaho "following" footsteps of Texas
Putin's War: Russia shuts off natural gas to Poland. That sounds like just the beginning. Germany ready to ban Russian oil "completely" within days.
US oil exports to Russia: link here.
Even as Biden administration takes more steps to hobble US oil production. Today it's Alaska. It's almost as if Dr Jekyll and Mr Hyde running domestic policy for the US.
API: huge surprise? I guess it's a surprise if you thought it would be a draw. Larger than expected build.
- forecast: 2.167 million bbl build; actual: 4.784 million bbl build (not sure if this is correct; multiple sources; here's one) -- looks like best site.
- yup: forecast of a 2.167 million-bbl build; in fact, much greater: a 4.78 million-bbl build
- that's almost a million bopd that could be exported to Europe
- EIA to report tomorrow
- previous: a draw of 4.496 million
Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.
MSFT earnings after close: live blog.
- topped revenue expectations
- revenue of $49.36 billion beats consensus $49.02 billion (yawn); beats by 0.63%
- $4.36 billion vs $49.05 billion
- EPS beats by 0.98%;
- $2.22 reported vs $2.20 expected
- operating expenses rose 15% y/y
- revenue growth of 18%
- all I can say: at least it met expectations.
GM after close: Detroit News.
- EPS beats by 25.33%
- EPS: $2.08 reported vs forecast, $1.68
- boosted earnings guidance slightly; semiconductor supplies improving;
- revenue: $36 billion reported vs forecast, $37.11 billion
- sales in first quarter: 512,846 vehicles
- vs Toyota: 514,592 vehicles;
- for Toyota, a 15% decline y/y
- last year, Toyota dethroned GM as America's top-selling automaker
- outsold GM by more than 114,000 vehicles in 2021
Disclaimer:
this is not an investment site. Do not make any investment, financial,
job, career, travel, or relationship decisions based on what you read
here or think you may have read here.
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Back to the Bakken
Active rigs:
$102.30 | 4/26/2022 | 04/26/2021 | 04/26/2020 | 04/26/2019 | 04/26/2018 |
---|---|---|---|---|---|
Active Rigs | 36 | 14 | 29 | 64 | 63 |
No new permits.
Nine permits renewed:
- Hess (7): three EN-Abrahamson permits in Mountrail County; four BB-Olson permits in McKenzie County.
- NP Resources (2): two Little Mo Federal permits, Billings County;
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