Thursday, June 6, 2024

Locator: 48075B.

Friday morning: these are the numbers we're expecting:

• 190,000
• 0.3% m/m
• 3.9% y/y
• 3.9%
• that's all you need to know

Offsetting those numbers (good, bad, indifferent):

• NVDA: 10: 1 split after market closes
• gives you all day to buy, sell, or hold
  

Apparently, during the day hit all-time highs but did not close at all-time highs: 

• Micron, Nvidia, and Eli Lilly;
• Lilly: hit $846 early in the day, but closed at $837, still in the green
• both MU and NVDA closed in the red
  

WTI: having a good day. Up about 2%.  

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Inflation Watch

McDonald's: I'm in the process of "moving" my diaries to the web for easier access by the grandkids and great-grandkids if they are ever interested. Growing up in Williston, North Dakota, I often camped two weeks every summer in the Black Hills, South Dakota, with mom, dad, and five siblings. This was from an entry dated August 24, 1968:

Then drove back to Rapid City.  Ate hamburgers, etc., at McDonald’s.  For ten people the cost came to only $4.65.  Clara paid the bill.

Yup: McDonald's, Rapid City, SD, 1968. Ten people: total bill $4.65. Wow. 

For the record, McDonald's will market a $5-meal during the month of June, 2024, to try to draw back customers who have complained about the high price of dining out. 

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US electricity demand, link here:

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Back to the Bakken

WTI: $75.56.

Active rigs: 36.

Five new permits, #40811 - #40815, inclusive:

• Operators: Enerplus (4); CLR
• Fields: Eagle Nest (Dunn); Antelope (McKenzie)
• Comments:
• Enerplus has permits for four Fort Berthold wells, lot 4, section 19-148-94; and, SESW 19-148-94; 
• to be sited between 690 FSL and 823 FSL and between 1095 FWL and 1165 FWL;
• CLR has a permit for a Salers Federal well, NWNW 27-152-94, 
• to be sited 275 FNL and 1079 FWL;

Two permits renewed:

• Liberty Resources, Sundhagen, #34984,
• Hess, AN-Lone Tree, #37593