Week 40: September 30, 2024 -- October 6, 2024

Locator: 48423TOPSTORIES.

Top story: 

• Mideast: on the brink of all-out war
• Israel pivots to take on Hezbollah in Lebanon
• Iran responds with upwards of 400 ballistic missiles over Israel, two consecutive nights
  

Top international non-energy story:

• Ukraine: same ol', same ol'.

Top international energy story:

• 
  

Top national non-energy story:

• Category 4 Hurricane Helene recovery phase
• East Coast / Gulf Coast port strike: lasted two days after Biden administration steps in
  

Top national energy story:

• WTI spikes on shooting war in Mideast
  

Focus on fracking: current link here. Generally updated late Sunday night.

Top North Dakota non-energy story:

Top North Dakota energy story:

• 
  

Geoff Simon's quick connects: link here.

The market in a nutshell: At the close -- Dow sets another record -- broad rally --

Sorenson Wells -- Grayson Mill -- Alger

L

Five new permits, October 4, 2024, #41206 - #41210, inclusive:

• Operators: Grayson Mill
• Field: Alger (Mountrail County)
• Comments:
• Grayson Mill has permits for five Sorenson wells, NWNE 29-155-92, 
• to be sited 230 FNL and at the distances FEL: 2320; 2290; 2260; 2230; and 2200.

Four wells of interest:

• 21952, 4,293, Grayson Mill, Sorenson 29-32 3H, Alger, t9/12; cum 423K 8/24;
• 21954, 3,078, Grayson Mill, Sorenson 29-32 4H, Alger, t9/12; cum 399K 8/24;
• 18654, 4,335, Grayson Mill, Sorenson 29-32 1-H, Alger, t4/10; cum 560K 8/24;
• 19513, 4,661, Grayson Mill, Sorenson 29-32 2-H, Alger, t3/11; cum 530K 8/24;

Grayson Mill With Five New Sorenson Permits -- October 4, 2024

Locator: 48496B.

Geo-Politics: most interesting geo-political article of the week. Agree completely. Link to the WSJ.  From the linked article: 

Netanyahu ordered the airstrike that killed Hezbollah leader Hassan Nasrallah from a New York hotel room, even as Biden administration officials scrambled at the United Nations a few blocks away to avert a widening Middle East war last week.

The decision to approve the Sept. 27 strike from U.S. soil without alerting the White House beforehand—and later to make public a photo of himself issuing the order—underscored the growing divergence between Netanyahu’s government and the White House.

In the short term, Israel’s unilateral decision-making about striking Iran risks embroiling the Biden administration in another unpopular regional conflict. In the longer term, it could be another flashpoint for critics who say the U.S. gives Israel too much leeway, not using its leverage to rein in its ally.

****************************
Back to the Bakken

WTI: $74.38 ... for the weekend?

Active rigs: 39.

Five new permits, #41206 - #41210, inclusive:

• Operators: Grayson Mill
• Field: Alger (Mountrail County)
• Comments:
• Grayson Mill has permits for five Sorenson wells, NWNE 29-155-92, 
• to be sited 230 FNL and at the distances FEL: 2320; 2290; 2260; 2230; and 2200.

Four wells of interest:

• 21952, 4,293, Grayson Mill, Sorenson 29-32 3H, Alger, t9/12; cum 423K 8/24;
• 21954, 3,078, Grayson Mill, Sorenson 29-32 4H, Alger, t9/12; cum 399K 8/24;
• 18654, 4,335, Grayson Mill, Sorenson 29-32 1-H, Alger, t4/10; cum 560K 8/24;
• 19513, 4,661, Grayson Mill, Sorenson 29-32 2-H, Alger, t3/11; cum 530K 8/24;

Three producing wells (DUCs) reported as completed:

• 40504, 1,654, EOG, Mandaree 0916-02H,
• 40506, 1,392, EOG, Mandaree 0916-04H,
• 40507, 1,653, EOG, Mandaree 0916-05H,

Dow Closes At An All-time High Just Before The Close -- October 4, 2024

Locator: 48495ARCHIVES.

From the Drudge Report:

Final CNBC interview / graphic just before the close: interview with Cathie Wood while showing this graphic:

Having said that, it was a must-see interview. Her top four AI choices, IIRC: xAI. META (Llama), GOOG (Gemini), xAI, and OpenAI -- I could be wrong on those, but I thought that's what she said. See this post.

Rivian -- October 4, 2024

Locator: 48494RIVIAN.

Below the fold, posted earlier. Re-posting now with these comments:

• note the huge change in number of units as the production target: from 57,000 down to 47,000
• that's almost a 20% cut in the production target
• there were at least three problems / concerns with regard to the company's explanation for the change in the production target
• first, the explanation for the change was inadequate in detail; it was a non-answer
• second, was the company suggesting they had a mismatch in production targets for their two products? Mismanaged execution?
  
• third, "in-house" -- they blamed the problem on its own in-house motors -- the company seemed they were not suggesting there was a supply chain problem -- that's huge.
  

*******************************
Rivian: Earlier Posting

Cramer: wrong on Rivian. He's "buying" the company's "due to a (single) part availability."

• but he does admit he really doesn't know. He appears to be talking his book when it comes to Rivian.  
• Link here. 
• The company said the lower production target — down from 57,000 units to between 47,000 and 49,000 — was because of a “production disruption due to a shortage of a shared component” for its R1 vehicles and commercial van.
• Rivian spokesman said the component causing the problem is part of its in-house motors, but he declined to disclose any further details.

**********************************
Disclaimer
Brief Reminder 

• I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• 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. 
• Reminder: I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.

MMFs -- An Increase Of $40 Billion Week Over Week -- October 4, 2024

Locator: 48493MMF.

My favorite chart.

Link here. 

Proposal -- Not Ready For Prime Time -- October 4, 2024

Locator: 48492PERSINV.

Human and Health Services: Financial Health For All Americans (FHFAA).

For all students entering ninth grade, age 14: each student gets a minimum of $1,000 for investment.

• starting in ninth grade, all students required to take a financial course each year of high school;  
• not more than one hour / week mandatory (four hours / month); 
• three hours /month didactic; one hour / month: laboratory or field trips
  
• each student given a minimum of $1,000 for investment purposes
• additional gifts each year optional (10th, 11th, 12th grade) with restrictions
  
• students must open an account with a financial institution of their choice in which this $1,000 is placed
• upon graduation, those students can keep anything over $1,000; any amount in the account less than $1,000 must be returned to the US government (IRS) upon mandatory filing
• seniors committing to federal or state service of some sort (military, public health, teaching) keep the entire amount in their ending account; do not need to repay any of the original gift
• source of $1,000 -- based on parents' income bracket:
• 24% tax bracket or greater: 3% of their parents' income to the student's investment account; parents receive tax credit equal to investment amount;
  
• 22% - 23% tax bracket: 2% of their parents' income to the student's investment account; parents receive tax credit equal to investment amount;
• less than 22% tax bracket: $1,000 for each student but funds come from US government (HHS)
• source of $1,000 -- grandparents allowed to contribute in lieu of parents'
• tax-free distributions from traditional and Roth IRAs.
  

Data points:

• graduating seniors in US: 4 million students 
• HHS budget, annual: $1.631 trillion = $1,631 billion
• up-front: 2 million x $1,000 = $2 billion = 0.1% of total HHS budget
• BRK cash horde: $300 billion
• upfront: $2 billion = 0.6% of the BRK cash horde
• MMF: $6 trillion
• upfront: $2 billion / $6 trillion = 0.03% of total assets in MMFs
• Federal funding for highways, annual: $50 billion
• upfront: $2 billion / $50 billion = 4% 

Cost: due to the payback requirements, in the out-years, once the program is fully established and five years "old," there should be minimal cost to the US government. 

Cramer's First Hour, Part 4 -- Economy -- October 4, 2024

Locator: 48491CRAMER.

Misery index: link here. Currently running 4.1 + 2.3 = 6.5.

Inflation: with regard to inflation, I point you to this post. By the way, I highly recommend parents and grandparents give a copy of this book to their graduating high school students and college students. I would also highly recommend that grandparents provide an ongoing stream of "income" for their grandchildren once the grandchildren enter high school. See this post.

**********************************
Disclaimer
Brief Reminder 

• I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• 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. 
• Reminder: I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.

Cramer's First Hour, Part 3 -- EVs -- October 4, 2024

Locator: 48490CRAMER.

Apple Vision Pro: Mets owner Steve Cohen seen wearing Vision Pro at the game! Mets take on the Phillies, best of five. First game, tomorrow, Saturday. New York Mets! Wow!

The meme: the Department of Defense is America's problem when it comes to the budget.

Link here. 

Presidential election: will be decided in Bucks County, Pennsylvania. Swing county in swing state. 

The county represents the northern boundary of the Philadelphia–Camden–Wilmington, PA–NJ–DE–MD metropolitan statistical area.

Cramer is amazing, what he knows. Right, wrong, indifferent.

**********************************
Disclaimer
Brief Reminder 

• I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• 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. 
• Reminder: I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.

Cramer's First Hour, Part 2 -- EVs -- October 4, 2024

Locator: 48489CRAMER.

Cramer's first hour: a mix of facts, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC.  

Cramer: wrong on Rivian.

• But he does admit he really doesn't know. He appears to be talking his book when it comes to Rivian.  
• Link here. 
• The company said the lower production target — down from 57,000 units to between 47,000 and 49,000 — was because of a “production disruption due to a shortage of a shared component” for its R1 vehicles and commercial van.
• Rivian spokesman said the component causing the problem is part of its in-house motors, but he declined to disclose any further details.

EVs: the memo is here. Needs government support. Wow, how much more support do they need? Mandates, tax credits. 

Stellantis: why autos get low multiples. Direct to Barron's. 

The problem for Stellantis isn’t with EVs or hybrids. It’s a more conventional issue.

The company let dealer inventory levels get far too high.

U.S. inventories for Dodge dealers ended August at almost 150 days of sales, up from 116 a year ago.

The industry tries to work with about 60 days of inventory on dealer lots.

The company has blamed poor marketing among other things. [Who is responsible for marketing?]

Whatever the root cause, the situation has angered dealers.

“The reckless short-term decision making to secure record profits in 2023 has had devastating, yet entirely predictable consequences in the U.S. market” reads part of a September letter from Stellantis’ U.S. National Dealer Association.

**********************************
Disclaimer
Brief Reminder 

• I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• 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. 
• Reminder: I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.
  

Cramer's First Hour, Part 1 -- Bidenomics -- October 4, 2024

Locator: 48488CRAMER.

Cramer's first hour: a mix of facts, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC.  

Carl, Santelli, and the judge. Add Sara Eisen to this and one would have the best CNBC panel. Period. Dot. Andrew Ross Sorkin was always weak. I often think he wishes he had four names, like George Herbert Walker Bush. Kernan has become a joke.

Blowout! Jobs. September jobs.

• 254,000 vs 150,000 forecast
• are you kidding me
• this number is extraordinary
• best job "print" since March, 2024, but that's truly an understatement; 
• doesn't really "paint the picture" 
• Florida's Marco Rubio on the jobs number. Tedious.
  

Surges! The market.

Cramer! A "no-landing" number. Stagflation -- rolls eyes.

Economy: has never happened before --

• full employment
• inflation below 2%; trending lower
• certainly not stagflation
• earnings better come in strong
• only battleground: AAPL

The question not being asked: how could analysts be so far off

• 254 vs 150
• revisions revised up (more jobs)

Unemployment: Table A-15: 

Acting labor secretary! Really remarkable! I'm impressed. She's exactly right with regard to the longshoremen (and women).

Big corporate monopolies: tech companies are finding work-arounds. Good, bad, indifferent. Just an observation.

**********************************
Disclaimer
Brief Reminder 

• I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• 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. 
• Reminder: I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.
  

Pre-Cramer, Part 3 -- October 4, 2024

Locator: 48489CRAMER.

Tag: EVs. 

Pre-Cramer: some days there is so much news, one has to get started early. 

Spirit Airlines: ticker plunging. Not surprising.

Rivian: ticker plunging. Company blames it on parts shortage. But admits that lower demand is also affecting production. Down 9% in pre-market trading. 

Pre-Cramer, Part 2 -- October 4, 2024

Locator: 48486B.

Pre-Cramer: some days there is so much news, one has to get started early. 

NIKE: compare this chart with that of NVDA just for the fun of it. The purpose is to show how really helpful these charts can be. Comparing the charts, not the companies. Link here.

Palantir: not for the faint-hearted. Look at the P/E.

EVs challenge, link here:

**********************************
Disclaimer
Brief Reminder 

• I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• 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. 
• Reminder: I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.

Pre-Cramer, Part 1 -- October 4, 2024

Locator: 48485B.

Pre-Cramer: some days there is so much news, one has to get started early.

NYM: steals one from the Brewers. Headed to the divisional playoffs. 

Gmail: revamped. I haven't noticed the change yet.

Spirit Airlines: just what the DOJ wanted. One less discount airline to compete with the majors. Wow. 

Palantir: okay.

Austin: The New Yorker, a few months ago. Worth a re-look. Musk re-locates to Austin. Yes, Austin. Link here. Texas relocation tracked here.

Ticket to ride: The New York Times.

Southern surge: adults are back int the room.

Apple SE: the news keeps getting better. The big news? It appears that Apple has no shortage of its phenomenal chips. One of many articles on the new SE.

Enbridge; to build a new pipeline for BP. Charles Kennedy. So you know it's a good article.

**********************************
Disclaimer
Brief Reminder 

• I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• 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. 
• Reminder: I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.

Twelve Wells Coming Off Confidential List Over The Weekend -- October 4, 2024

Locator: 48484B.

Chart of the day:

US field production of crude oil, link here:

• record: 13,308 million bopd
• streak: last four months over 13,200 million bopd
• streak: six of last nine months over 13,200 bopd

**************************************
Back to the Bakken

WTI: $74.99. And more coming? This should cover generous payouts that have been promised the past two years. There have been concerns.

Sunday, October 6, 2024: 19 for the month; 19 for the quarter, 533 for the year
40308, conf, Phoenix Operating, Young 5-6-1-0H-LL
38206, conf, Petroshale, Bear Chase North 2TFH,
29658, conf, Grayson Mill, Moberg Federal 149-95-29-32-13HLW,

Saturday, October 5, 2024: 16 for the month; 16 for the quarter, 530 for the year
40276, conf, Phoenix Operating, Young 5-6-1 4H ,
40275, conf, Phoenix Operating, Young 5-6-1 3H,
40274, conf, Phoenix Operating,Young 5-6-1 2H,
40206, conf, Phoenix Operating, Young 5-6-1 1H,
37822, conf, Enerplus, Fennec 149-93-10B-15H,
17924, conf, Grayson Mill, Moberg 1-29H,

Friday, October 4, 2024: 10 for the month; 10 for the quarter, 524 for the year
40578, conf, Oasis, Iceman Federal 5601 34-04 5B,
40322, conf, Oasis, Iceman Federal 5601 34-04 4B,
38261, conf, Hess, BB-Olson-150-95-0817-5,

RBN Energy: CITGO refineries to be bought by Amber Energy seen as survivors in competitive market.

It now seems likely that Elliott Investment Management’s Amber Energy will acquire CITGO Petroleum for $7.3 billion in mid-2025, thereby ending a yearslong legal drama about the fate of CITGO’s three large U.S. refineries and related pipelines and terminal assets. So what exactly is Amber buying and how will the refineries in question fare in the increasingly competitive global market for refined fuels? In today’s RBN blog, we’ll summarize the long legal battle that led to Amber’s selection by a federal court’s “special master” as the preferred buyer, examine the assets to be acquired, and assess what’s ahead for CITGO’s refineries, which have a combined capacity of more than 800 Mb/d.

**********************************
Disclaimer
Brief Reminder 

• I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• 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. 
• Reminder: I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.
  

 

Elon Musk Make's Starlink Available For Free -- Immediately -- For All Affected By Hurrican Helene -- October 3, 2024

Locator: 48483TECH.

Tag: Starlink Nvidia NVDA

I think this is amazing on so many levels, but mostly because it's being done by a private citizen and not by the US government. This is truly amazing. 

Link here.

Meanwhile, Nvidia, link here:

 Ticker, one month, one year, max:

***************************
Futures

With port strike on temporary "hold," what do futures look like?

Futures, NVDA:

************************
Absolutely Fascinating

Jobs report, September, forecast:

 

Right now, the Fed is only looking at the jobs numbers. 

So, if jobs come in significantly worse, Fed on course to continue cutting rates.

If jobs come in significantly better, suggesting economy much better than expected, Fed could delay the next small cut already baked in. Unlikely.  The numbers would have to be incredibly “good” for the Fed to even think about any delay in a small cut.

**********************************
Disclaimer
Brief Reminder 

• I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• 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. 
• Reminder: I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.
  

  ********************
  No Mention Of EVs 

  Link here. 

  For the archives ... bigger, gas-guzzling SUVs. No mention of EVs.

  For the archives. I don't have a dog in this fight. But it certainly suggests the Big Three are confident EV mandates will be delayed. Or the pivot to even larger gas-guzzling EVs is an existential issue. 

  

What A Doofus! October 3, 2024

Locator: 48482BANKERS.

Link here.

Jamie Dimon telegraphed the same message at that time and continues to warn investors about the risks of investing in the US market. We've talked about this before. The CNBC folks have finally spoken to this.

Jamie Dimon and folks like Hartnett: it gets tedious.

Hartnett is still ambivalent at best; bearish at worst. Link here.

***********************
The Book Page

Henry V: The Astonishing Triumph of England's Greatest Warrior King, Dan Jones, c. 2024.

Wow, wow, wow! I doubt I will read this book -- I don't know -- I'm tempted -- I've read so many books on British history, particularly the period surrounding the Wars of Roses. But, as noted, I'm really tempted. 

We'll see.

From the linked article:

It is surely an exhausting, perhaps bewildering, time for Henry (the future Henry V) and his brothers. Henry is still only thirteen. Thomas is twelve, John ten, and Humphrey has just turned nine. It has been only one year since their father was exiled, their lives upended, and their futures thrown into uncertainty. Now their father (Henry IV) is the king, and they are knights and princes: the nucleus of a new Lancastrian royal family. Nothing like this has happened in England since the Norman Conquest of 1066.

Ford's Former CEO Says Ford Needs To Compete With China On Price -- October 3, 2024

Locator: 48481EVS.

I can't make this stuff up.

Link here. 

Here in the states, we're going the wrong direction.

From the linked article:

Tesla is no longer selling the sub-$40,000 rear-wheel drive Standard Range version of the Model 3 that has been in the company’s lineup since 2023.

The most affordable trim is now the Model 3 RWD Long Range that starts at $42,490.

The change was first pointed out by Electrek and comes as Tesla announces a year-over-year increase of vehicle deliveries in its third quarter of 2024.

Tesla has slashed — and raised — prices numerous times over the past few years as it struggles to retain its pole position in the market. But an increasing number of customers have strayed to other vehicle brands, leaving Elon Musk’s company grappling with year-over-year sales decreases.

Tesla also occasionally discontinues certain trims, often without notice or fanfare. Earlier this year, the company stopped offering the $60,990 RWD Cybertruck, the cheapest version of its angular EV truck.

Holy mackerel! The least expensive pickup truck offered by Tesla was $61K! 

Seven New Permits; One Permit Renewed; Three DUCS Reported As Completed -- October 3, 2024

Locator: 48480B.

Well, that didn't last long: port strike over (for now). Sounds like they may "meet" again in January to dot the i's and cross the t's. 

Spirit Airlines: may declare bankruptcy. No comment. 

*****************************
Back to the Bakken

WTI: $73.71.

D-Day, H-Hour (local time):

• Saturday, October 5, 2024
• 2200 hours
• current time (local):
• CDT: 3:11 p.m. (lags GMT by five hours)
  
• IDT: 11:11 p.m. (overtakes GMT by three hours), October 3, 2024
  
• GMT: 8:11 p.m.
• at 2:00 p.m. CDT today, it was exactly 48 hours to H-Hour, D-Day.

Active rigs: 36.

Seven new permits, #41199 - 41205, inclusive:

• Operators: Silver Hill Energy (5); MRO (2);
• Fields: North Tioga (Burke); Bailey (Dunn)
• Comments:
• Silver Hill Energy has permits for two Rooster W Federal wells and three Ringneck W wells, SESW 2-159-94, 
• to be sited 415 FSL and between 1483 FWL and 1623 FWL;
• MRO has permits for two wells, Benjamin 44-31H, and Alverson 24032H, lot 2, section 5-145-93, 
• both to be sited 699 FNL with Benjamin 2469 FEL and Alverson 2389 FEL.

One permit renewed:

• 34060, Silver Hill, Keller W, Burke County;

Three producing wells (DUCs) were reported as completed:

• 40222, 1,274, CLR, Marshall 4-13H,
• 40253, 1,799, CLR, Benner 5-7H,
• 40432, 2,539, Enerplus, Fearless 150-94-06A-18H-LL, these wells and the "wells of interest" below are tracked here.
  

Wells of interest:

• 23541, 1545, Enerplus, Honor 150-94-06B-18H TF, Spotted Horn, t6/14; cum 788K 11/23; off line;
• 23542, 1,007, Enerplus, Grace 150-94-06B-07H, Spotted Horn, t2/13; cum 426K 11/23; off line;
• 26608, 1,601, Enerplus, Courage 150-94-06A-18H, Spotted Horn, t6/14; cum 716K 11/23; off line;

Inflation -- In This Economy? Kyla Scanlon -- October 3, 2024

Locator: 48479INFLATION.

 

Large Language Models -- Chatbots -- ChatGPD -- Llama -- Gemini -- Siri -- And All That Jazz -- October 3, 2024

Locator: 48478CHAT.

Llama, Gemini, and OpenAI (ChatGPT): how do they differ? Llama, Gemini. ChatGPT. Siri.

• ChatGPT (OpenAI):
• Llama (META): link here. LLM.
• Gemini (GOOG): link here. Chatbot. LLM. Former: Bard
• Silicon/Siri (Apple Intelligence): link here.

 

EVgo: Perhaps The Most Interesting EV - EV Charging Story Today -- October 3, 2024

Locator: 48477EVS.

Ticker:

EVgo (EVGO): not to be confused with Canoo (GOEV): EVgo  (EVGO) ticker spikes 64% today on news that company received $1-billion loan guarantee from Biden administration. Company's market cap prior to announcement: $2 billion. Wiki. Tentacles everywhere. This is a most interesting story. I think one can opine why this company was given this guaranteed loan from the Biden administration. From the blog:

June 12, 2023: one step closer to the "holy grail." Ford and GM partner wtih Tesla for access to Tesla's superchargers. If Stellantis follows suit, game over. 

Crashed and burned: Blink Charging, EVgo, and ChargePoint;

• Motley Fool notes Tesla partnership with F, GM; says Stellantis could be next;
• closer and closer to the "holy grail": a universal supercharger.
• see this post.

Thursday Afternoon -- October 3, 2024

Locator: 48476AI.

Llama, Gemini, and OpenAI (ChatGPT): how do they differ? Llama, Gemini.

• ChatGPT (OpenAI):
• Llama (META): link here. LLM.
• Gemini (GOOG): link here. Chatbot. LLM. Former: Bard
• Silicon (Apple Intelligence): link here.

Wow: link here.  

One person hoping beyond hope that Trump wins the presidency. A most effective ad, I would think, would be to post the names of those folks likely to be released from prison if Donald Trump is elected president. The list would be quite long. Probably longer the list of illegal immigrants who have been convicted of some serious crime. Release would occur almost "immediately."

Stockpile these: port strike. Link here. Truly amazing. Rao spagetti sauce. LOL.

Paper products: toilet paper, Bounty paper towels. No shortage at warehouses. 

Shortages with be regional and more specifically individual stores due to local panic, stockpiling, runs on stores, but there will be no actual shortage. Unlike Covid which was a worldwide phenomenon, this is a US-specific problem, and having said that, a problem for the US east of the Mississippi, and even more specifically, a problem for New York city area. This will end November 6, 2024, at the very latest. 

Seasonal hiring: Amazon to hire 250,000 seasonal workers; same as last year.

EVgo (EVGO): not to be confused with Canoo (GOEV): EVgo  (EVGO) ticker spikes 64% today on news that company received $1-billion loan guarantee from Biden administration. Company's market cap prior to announcement: $2 billion. Wiki. Tentacles everywhere. This is a most interesting story. I think one can opine why this company was given this guaranteed loan from the Biden administration. This story will be followed here. From the blog:

June 12, 2023: one step closer to the "holy grail." Ford and GM partner wtih Tesla for access to Tesla's superchargers. If Stellantis follows suit, game over. 

Crashed and burned: Blink Charging, EVgo, and ChargePoint;

• Motley Fool notes Tesla partnership with F, GM; says Stellantis could be next;
• closer and closer to the "holy grail": a universal supercharger.
• see this post.

Student loans: Federal judge says Biden's plan can go forward. For the archives. I have no dog in this fight and no longer care.

Well, that didn't last long: one day later, another Federal judge ruled against Biden. I can't make this stuff up.

D-Day, H-Hour (local time):

• Saturday, October 5, 2024
• 2200 hours
• current time (local):
• CDT: 3:11 p.m. (lags GMT by five hours)
  
• IDT: 11:11 p.m. (overtakes GMT by three hours), October 3, 2024
  
• GMT: 8:11 p.m.
• at 2:00 p.m. CDT today, it was exactly 48 hours to H-Hour, D-Day.