Six New Permits; Four BR Permits Canceled -- October 31, 2024

Locator: 48687B.

EV headlines today:

• Ford to halt F-150 Lightning production as EV demand wanes. Better said, "... pause production...," not halt production.
• Slow sales force Stellantis to "hit brakes" on SUV production. Link here. This is the company that promised us a sub-$30,000 SUV sooner than later. That was about a year ago; haven't heard a thing since. Pausing production of the Durango and the Grand Cherokee.
• Ford took an early lead in EVs; now GM is surging. NY Times.
• Ford to halt production of F-150 Lightning EV pickup trucks for six weeks. Reuters.
• Ford CEO loves his Chinese EV. National Review.
  

Dividends increased:

• COP (but somewhat disingenuous).
• ABBV.

Nvidia blades: blazing saddles? Beth:

Magnificent Seven absolutely impossible to keep up with:

• who is partnering with whom, and how those partnerships are changing; and,
• tactical decisions vs strategic decisions. 

For investors, several ways to invest in the magnificent seven:

• invest in individual tickers;
• invest in QQQ
• invest in ETFs like SCHB or SCHG

I've chosen the third option.

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Back to the Bakken

WTI: $70.52.

Active rigs: 39.

Six new permits, #41297 - #41302, inclusive:

• Operators: Hess (3); MRO (2); and, Grayson Mill
• Fields: Beaver Lodge (Williams); Bailey (Dunn); and, Grinnell (McKenzie)
• Comments:
• Grayson Mill has a permit for a Barbara well, SESE 36-154-97; 
• to be sited 468 FWL and 291 FEL;
• MRO has permits for two more wells in the Bailey oil field, Sunell and Bjorge, NENE 18-145-93; 
• one to be sited 380 FNL and 901 FEL; 
• the other to be sited 340 FNL and 901 FEL.
• Hess has permits for two BL-Kvam wells and one BL-Herfindahl well --  lot 1, section 30-156-9;  
• all three to be sited 527 FNL and between 392 FWL and 458 FWL.

Four BR permits were canceled:

• BR, Shafer permits, two middle Bakken and two Three Forks wells;