Friday, June 2, 2023

Nine New Permits -- June 2, 2023

Locator: 44836B.  

Market at the close:

    • the Dow closed up 2%
    • the NASDAQ closed up barely 1%
    • did your portfolio do better than that?
      • DE: up 5.25%
      • NVDA: down 1%
      • AAPL: up 0.5%
      • CVX: 2.7%
      • T: down almost 4%
      • OXY: up 2.7%
      • UNP: up 1.52%
      • CRH: up 1.6%
      • TSLA: up 3%

OPEC+: discussing one million bopd cut.

Short-sellers:

  • in the equity market in general, short-sellers had a really, really bad week;
  • short-sellers in crude oil might want to pay attention; history doesn't repeat, but it certainly rhymes, as they say
  • I'm sure Saudi watched the US Dow today with amazement -- what happened to short-sellers in the US Dow.

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Back to the Bakken

Active rigs: 35.

WTI: $71.86.

Natural gas: $2.177.

Nine new permits, #39937 - #39945, inclusive:

  • Operators: KODA Resources (8); Hunt;
  • Fields: Fertile Valley (Divide County); Bailey (Dunn County)
  • Comments: later.

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