WTI Jumps 4%; Up $2.60; Trading Again At $76 -- October 10, 2024

Locator: 48551CRAMER.

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. 

AMD: plummets. Not a bit surprising.  Competing with Intel. But that is not what investors wanted to hear. CPUs are so yesterday. 

From App Economy, link here:

Compare with Nvidia, link here:

Tickers compared:

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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.
• And, also. I am also inappropriately exuberant about all things Amazon but hold no position in AMZN. Never have. 
  

Tilray (TLRY): a favorite on "Fast Money." Wow, how often was this talked about on "Fast Money" over the past five years, maybe even longer. 

With Obama, investors were hoping marijuana would take off. Now, just another beer company. I don't know; I don't follow it but it came up again on "Fast Money" today. It gets tedious. The "Portland (Oregon)" model has soured a lot of folks on this whole subject.

By the way, there's a big story regarding Portland today. If I find it again, I'll post it. Headlines say one thing; reading the story says something else. Bottom line: downtown Portland, Oregon, is in a death spiral. Won't recover any time soon -- if ever.

Portland, Oregon: google portland oregon change of city leadership. One big mess. Which portends ...

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Back to the Bakken

WTI: $75.85. Jumped 4% today; gained $2.60. Trading near $76 at the close. What happened? Netanyahu talking to a lame duck president. Link here. President Biden "demanding......" Probably not something Netanyahu accepts ...

Active rigs: 39.

Wednesday, October 9, 2024

Seven new permits, #41220 - $41226, inclusive:

• Operator: Phoenix Operating
• Field: Bailey (Dunn)
• Comments;
• Phoenix has permits for seven Marshall wells, NWNW 13-144-94, 
• to be sited 381 FNL and between 394 FWL and 724 FWL.

One permit renewed:

• 40279, conf, Minnkota Power Coop, NrDt 1, NESE 34-142-83; East Center Carbon Dioxide, Oliver County

One producing well (a DUC) reported as completed:

• 40578, 375, Oasis, Iceman Federal 5601 34-05 5B,

Thursday, October 10, 2024

Five new permits, #41228 - $41232, inclusive:

• Operator: Oasis
• Field: Elk (McKenzie)
• Comments: 
• Oasis has permits for two new Roen wells and three new Hoehn wells, SWSW 24-152-102; 
• to be sited between 622 FSL and 695 FSL and between 876 FWL and 1024 FWL.

Seven permits renewed:

• CLR (6): three Elveida wells and three Bliss wells, all in Divide County;
• Hunt Oil: a Palermo NCNIC well, Mountrail County