Friday, August 19, 2022

Week 33: August 14, 2022 -- August 20, 2022

 

 Top Stories

Top energy story:

Javier Blas:

Focus on fracking: link here.

Top story of the week:

  • Liz Cheney loses her US House seat; amasses fortune; considers run for White House.

Top international non-energy story:

  • Putin's war; tide is turning?
    • US sends another billion dollars (in round numbers) to Ukraine this week; the check is in the mail; Ukraine will acquire more HIMARS
    • Ukraine: ready to target nuclear plant as soon as it's safe to do so; Turkey's Erdogan to meet with Putin; doesn't want another Chernobyl;
    • Ukraine: opening new front in Crimea; may gain back lost territory from previous war
    • Putin: ready to negotiate?

Top international energy story:

  • Rhine River is surging due to high rains in the Swiss Alps
  • Russia is now starting to feel the effects of the sanctions, most of which won't start until December, 2022

Top national non-energy story:

  • US equity markets surge but give back on Friday

Top national energy story:

  • Regulator (FERC) gives "okay" for Warren Buffett / Berkshire Hathaway to acquire up to 50% of OXY
  • WTI maintains at $88 - $91.
  • US gasoline at $4.00 / gallon range and GasBuddy is cheering Joe Biden's policies.

Top North Dakota non-energy story:

  • huge crypto loss this week raises questions re: North Dakota's own crypto mining hopes

Top North Dakota energy story:

  • Denbury says it's ready to be acquired;
  • NOG acquires bolt-on minerals in the Permian (Midland, Howard County)

Geoff Simon's top North Dakota energy stories:

Bakken economy:

  • Legacy Fund August, 2022, deposits set highest amount since the boom, going back to December, 20214
Commentary:
  • energy investing: stay the course;
  • Warren Buffett continues to build his position in OXY,
    • meanwhile it appears someone is (some ones are) building positions in DVN.
  • the Dems will hold the US House and the US Senate in the fall elections.

Entertainment:

  • best show on "television: "Only Murders In The Building"

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