TGIF -- And First Day Of Last Month Of First Quarter -- March 1, 2024

Locator: 46632B.

Tesla: stands to earn billions by opening US charging stations to Ford, Rivian. Ford offering adapters for free for some buyers.

Fisker: a "going concern." Link here.  Announced 4Q23 sales of about $200 million; Wall Street was looking for $330 million. Pre-market, Friday morning, down 40%. If it closed at 73 cents yesterday, could open at 45 cents Friday morning.

Daimler Truck: surges 13%to new record on bumper earnings; buyback announcement.

Snow, AVGO: link here. SNOW dropped almost 20% yesterday; could fall again today. Chart update:

Nvidia? Move over. AMD, MU in the news.

• AMD up 10% yesterday; looks to gain another 3% today.
• MU: up 1% yesterday; appears it may have another 1% gain today.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.

Reminder: I am inappropriately exuberant about the US economy and the US market.

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Back to the Bakken

WTI: $79.45. Up 1.5%; up $1.19. Does it even matter any more?

Monday, March 4, 2024: 91 for the month; 150 for the quarter, 150 for the year
36282, conf, Enerplus, Warthog 149-93-31D-30H-TF,

Sunday, March 3, 2024: 90 for the month; 149 for the quarter, 149 for the year
40006, conf, Slawson, Thor 2-31-30H,
36280, conf, Enerplus, Meerkat 149-93-31D-30H,

Saturday, March 2, 2024: 88 for the month; 147 for the quarter, 147 for the year
None.

Friday, March 1, 2024: 88 for the month; 147 for the quarter, 147 for the year
40008, conf, Slawson, Thor 4-31-30H,
40007, conf, Slawson, Thor 3-31-30H,
39482, conf, Oasis, Ledahl 5402 42-33 3B,
38699, conf, CLR, Gibb 8-24HSL,
38639, conf, Hess, GO-Knudson-156-97-2017H-5
36278, conf, Enerplus, Fossa 149-93-31D-30H-LL

RBN Energy: how operational flow orders help the natural gas market stay in balance.

Natural gas prices remain at near-record lows, but with so much production being driven by still-favorable crude oil economics there’s a distinct possibility — especially given the warm winter we’re in — that gas inventories may test storage capacity this year, perhaps as early as Labor Day. Of course, there are many market factors that might prevent this outcome, including lower production, a scorching-hot summer, and gas-to-coal fuel switching. But it could happen. And whenever we approach the limitations of natural gas infrastructure, we’ve seen time and again the disruptions and dislocations the market must deal with. The most obvious market signals are prices. But when it comes to gas flows another important barometer is the use of operational flow orders (OFOs). In today’s blog, we update one of RBN’s Greatest Hits and take a deep dive into the world of OFOs and what they can reveal about the state of the gas market.