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.