Soundbites While Studying Duolingo — March 13, 2024

Locator: 46747B.

Costco: total number of cardholders increased to 132 million as of the end of the second quarter. Costco has 875 warehouses worldwide. Number of US households: 131.8 million.

Fisker exploring possible bankruptcy filing. CNBC

Top ten by market cap: JPMorgan joins the top ten which already includes BRK. TSLA fell out of the top ten. CNBC.

Fed rate: no cut this year. Tea leaves.

Chipotle: hits new high.

Gasoline demand: nice spike. Unexpected with price of gasoline in mid-March.

TikTok: US House votes to ban TikTok. Huge bipartisan support. Vote so lopsided Gene Munster said it looked like a “typo.” What’s SNAP doing? 

Energy stocks: hitting all-time highs. Added to existing positions in last few weeks. At least two pay >7%. The refiners, particularly. Amazing. Tim’s BICEP includes CVX. CNBC.

TSLA: Wells Fargo, one word — SELL. EV euphoria dead. Legacy ICE will make money hand-over-fist. No recommendations.

Cramer: has pivoted from trading to investing. CNBC, "Mad Money" intro.

LBSAX: This fund is a most interesting fund considering what Jim Cramer said on CNBC tonight. It may be diversified and doing well but based on what Cramer said tonight, not likely that he would recommend this fund. Me? No recommendations. This is not an investment site. See disclaimers. Of interest only.

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Back to the Bakken

Active rigs:38.

WTI:

One new permit: #40583.

• Operator: Neptune Operating
• Field: Ragged Butte (McKenzie County)
• Comments Neptune has a permit for a Lee South well, SESW 17-151-101; to be sited 357 FSL and 1675 FWL

Ten permits renewed:

• Oasis: six Lars permits and four MHA permits, the former in Cottonwood, and the latter in Heart Butte.

Two producing wells reported as completed:

• 37926, 137, BR, Boxer 2C TFH, Pershing, no production data,
• 39778, 1,934, CLR, North Tarentaise Federal 8-18HSL, Elm Tree, no production reported yet; nine wells on this pad; I didn't check them all but it appears that all nine have just been fracked and almost ready to start reporting production. These will important to watch. The maps for #39778: Tarentaise wells are tracked here.