Locator: 47982B.
McDonald's: the company's problem now? Perception. The word is out. McDonald's is very expensive.
Even if McDonald's were to cut prices -- and the restaurant chain will have a month-long $5-meal campaign -- it will take a long time for customers to "accept" that McDonald's is still an affordable fast-food restaurant.
Often, so much is about perception. For me, now, when I need a quick snack at home, it's a peanut butter and jelly sandwich, probably costing all of 20 cents. I assume others are doing the same.
The $5-meal promotion may be McDonald's Mulvaney moment. We'll see.
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Back to the Bakken
API: reports significant draw of oil inventories. We will see if EIA confirms tomorrow;
- a draw of 6.6 million bbls for the week ending May 17, 2024;
WTI: $79.23.
Active rigs: 34.
Three new permits, #40790 - #40792, inclusive:
- Operator: Phoenix Operating
- Field: Skabo (Divide County)
- Comments:
- Phoenix Operating has permits for three Jacobson wells, NENW 19-160-98,
- to be sited 310 FNL, and 2182, 2272, and 2242 FWL.
Six permits renewed:
- CLR: Patent Gate oil field permits for Berlain (sic) (2), Olympia (2), and Charleston (2).
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