Three Wells Coming Off Confidential List -- April 8, 2022

Daimler Trucks - EVs: can't get those tractors out there fast enough! At Long Island, NY, earlier this week:

Not an EV. Sorry. Not sorry:

• link here:
• MSRP.
• Sarasota, FL: if you can't afford the car, lots of cool accessories.
  

Long Covid: President Biden steps in. Released April 5, 2022 -- earlier this week.

Natural gas: is this the biggest energy story today that won't reach mainstream media?

• US natural gas storage reverses flow as final draw drops stocks below 1.4 Tcf.

Friday Night Baseball: kicks off tonight on Apple TV+. NY Mets vs Washington Nationals.

Tale of two countries:

• US: kills Keystone XL:
• Canada: greenlights controversial $12 billion offshore deepwater oil project; link here, previously posted;

Stocks to watch today: SRE, COP. Rite Aid, GE,

COP: steps up land sale with divestiture of some Eagle Ford assets. Link here.

T: record date for spin-off passed earlier this week, April 5. 

I assume this is the Warner Bros. Discovery ticker for "when issued" but I don't know for sure. If I understand this correctly, T shareholders maintain same number of shares but will receive 0.24 shares WBD for ever share of T held.

Rite Aid: link here.

Billionaires: Forbes list  -- link here but focuses only on Philadelphia-area residents.

The top four spots on the Forbes list were held by the same billionaires as last year. Elon Musk ($219 billion) surpassed Amazon.com founder Jeff Bezos ($171 billion) for the top spot. They were followed by LVMH CEO Bernard Arnault ($158 billion) and Microsoft co-founder Bill Gates ($129 billion).

<Fluff. Headline caught my eye. Chart says it all. If I have time, I will come back to this later.

South America: oil. Compare this article to early articles on the Bakken. Peak oil? Nope.

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Back to the Bakken

Active rigs:

$96.04	4/8/2022	04/08/2021	04/08/2020	04/08/2019	04/08/2018
Active Rigs	37	16	36	64	58

Friday, April 8, 2022: 16 for the month; 16 for the quarter, 175 for the year

• 38556, conf, Crescent Point, CPEUSC Pankake 3-6-7-157N-99W-MBH,
• 38555, conf, Crescent Point, CPEUSC Pankake 4-6-7-157N-99W-MBH,
• 38516, conf, CLR, Thorp Federal 6-28H,

RBN Energy: E&Ps post record profits in 2021, and 2022's likely to be even better.

With soaring oil prices dominating recent headlines, it’s no surprise that profits and cash flows for the U.S. exploration-and-production (E&P) sector rebounded dramatically in 2021 from heavy, pandemic-induced losses in 2020. Rising crude oil and natural gas demand fueled a whopping $150 billion turnaround in results, as the 43 major publicly traded E&Ps we monitor recorded $86 billion in pre-tax income after incurring a net loss of $66 billion in 2020. Oh, and by the way, 2021 was the most profitable year in at least the last two decades for producers, which reported income two-thirds higher than the previous peak in 2014, when commodity prices were significantly higher. In today’s RBN blog, we compare producers’ 2021 performance with 2020 and 2014 and explain why results should be even stronger this year.