Wednesday -- March 24, 2024

Locator: 46740B.

Investing:

• Bill Baruch: Blue Line Capital: founder and president called into "Half-Time Report" on CNBC, last week, now allowed to reporting investment changes
  
• sold ARM
• bought SCCO -- really, really excited about SCCO -- huge breakout today; one of the best in its sector
• bought PSX -- a "small" breakout also today -- a refiner
• personal investing:
• I've never owned ARM
• built huge position over the years; it's still on my "new money" list
• PSX: significant holding in my portfolio; built up over years; 
• no longer on my new money list, and unlikely to ever get back on that list
• no recommendations; see disclaimer; because I don't use e-mail any more this is my way of letting family / other contacts know what I'm doing -- but again, no recommendations; this is not an investing site

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Back to the Bakken

WTI: up 2.11%; up $1.64; now trading at $79.20.

Thursday, March 14, 2024: 113 for the month; 172 for the quarter, 172 for the year
None.

Wednesday, March 13, 2024: 113 for the month; 172 for the quarter, 172 for the year
39401, conf, Hess, TI-Ives-157-94-0601H-3,
39250, conf, Whiting, S-Bar Brandon 5393 34-1 5T,
38102, conf, BR, Stafford 01-34TFH,

RBN Energy: E&Ps. trim 2024 CAPEX, stalling growth to prioritize free cash flow and returns.

When legendary University of Texas football coach Darrell Royal was asked how he approached important games, he frequently said, “You dance with the one who brung ya,” which meant sticking with the strategy that produced previous success. After struggling through a period of extreme price volatility in 2014-20, U.S. E&Ps finally locked onto a game plan that works: They wooed back investors and regained financial stability by focusing on generating free cash flow and returning a lot of that bounty to shareholders. In today’s RBN blog, we analyze E&Ps’ 2024 capex and production guidance, which shows that producers have embraced Royal’s concept of sticking with what works.