Monday End-Of-Day -- May 6, 2024

Locator: 47078B.

Updating headlines posted earlier today.

Investing:

• I'm investing as if the CVX - HES deal won't go through.
• I'm investing as if AAPL will give back all its recent gains and drop back toward support level. [I posted that early this morning. Later today: BRK will keep selling AAPL through calendar year 2024.]
• Monday night futures: flat.
  

Big investing story today: tech. Huge day for tech!

• Huge! Biggest winner? The bread-and-butter company in the tech sector: Micron.
• Palantir reported today: light guidance; up 3% for the day; holds after hours 

Big earnings story today! WMB.  Link here. Also, here.

• EPS: 59 cents vs 49 cents; a year ago: 56 cents
• an earnings surprise of 20%
• revenues: $2.77 billion, missing the estimate by 5%
• so, they brought in a lot less revenue but yet made more money per share than expected; what happened?
  

Trump headlines: what do these two headlines say to you? Both in the same day:

• facing prison sentence
• will expel 200 million migrants

War! Israel moves in on Rafah

• Biden: wait, I'm still finalizing plans to visit Columbia University

Out of touch: former CEO Howard Schultz on Starbucks.

• it's no longer about the "store experience"
• because I had to bring my car in for its annual inspection, I waited at Starbucks next door;
• the restaurant itself was "empty." There were two of us. The drive-through was busy but not as busy as I remember two years ago.
• the restaurant truly was "dead"
• it's become a drive-through kiosk -- you know, the kind where scantily clad women hand you a coffee for maybe a buck or two, not $7.
  

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Back to the Bakken

WTI: $78.48.

Active rigs: 39.

Six new permits, #40718 - #40723, inclusive:

• Operators: Petro-Hunt (4), Oasis, Grayson Mill
• Fields: Charlson (McKenzie); Eightmile (Williams); Siverston (McKenzie)
• Comments:
• Petro-Hunt has permits for four USA wells, SWSW 4-153-95, 
• to be sited between 141 FSL and 237 FSL and between 1097 FWL and 1141 FWL;
• Oasis has a permit for yet another Aune Federal well, lot 3, section 30-153-102; 
• to be sited 2546 FNL and 472 FWL;
• Grayson Mill has a permit for a Costanza well, NENE 26-150-98, 
• to be sited 970 FNL and 982 FEL;

One permit renewed:

• 28351, Formentera Operations, Grays State, SESW 36-164-101; Divide County;

One producing well (a DUC) was reported as completed:

• 39983, 5,159, MRO, Rutledge 41-20H, Dunn County