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Tuesday, March 21, 2023

Five Wells Coming Off Confidential List Today -- March 21, 2023

PARA on the list: link at IBD.  Others on the list of ten about which to be concerned include: TROW, BEN, CLX, and SNA.

PARA: earlier, this from the blog:

February 23, 2023: for the life of me, I do not understand why Warren Buffett would sell his TSM and buy PARA. 

Obviously he sees something the rest of us don't. By the way, looking at WBD today was not a good look for PARA. As Charlie Munger would say, "no matter how good a company PARA is, it's in a rotten sector." PARA has two things going for it: a) a 4% dividend; and, b) a takeover target.

Existing home sales: spike 15%. Link here. Median price drops. Would this affect inflation rate?

US exports: link here. 21st century, America's century.

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Back to the Bakken

Active rigs: 45.

Peter Zeihan newsletter.

WTI: $68.75.

Natural gas: $2.169.

Wednesday, March 22, 2023: 75 for the month: 237 for the quarter, 237 for the year
39165, conf, CLR, Micahlucas 14-5HSL1,
39106, conf, Kraken, Rose 16-21 3H,
38442, conf, Hess, EN-Sable-157-93-3534H-3,

Tuesday, March 21, 2023: 72 for the month; 234 for the quarter, 234 for the year
39161, conf, Resonance Exploration, Resonance Siverston 4-26H,
39105, conf, Kraken, Rose 16-21 2H,
38648, conf, Neptune Operating, Heen S 152-104-5-17-1H,
38443, conf, Hess, EN-Sable-157-93-3534H-2,
37645, conf, BR, Tailgunner 2A TFH,

RBN Energy: this was also posted yesterday as an "early release." How will EPA's plan for year-round E15 sales in eight states play out? 

At first glance, the Environmental Protection Agency’s (EPA) proposal to facilitate increased sales of E15 — an 85/15 blend of gasoline blendstock and ethanol — by putting it on the same summertime regulatory footing as commonly available E10 in eight Midwest/Great Plains states might seem like a boon to corn farmers and ethanol producers. But as we discuss in today’s RBN blog, there are a number of economic, practical and even psychological barriers to broadened public access to — and use of — E15 that go well beyond the specific regulatory issue the EPA proposal addresses. As a result, as we see it, EPA’s plan is unlikely to boost E15 demand in any meaningful way, at least for now.

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