End-Of-Day Report

Locator: 48597B.

The biggest story of the day: Amazon gains creative control of James Bond franchise from the Broccoli family. More on this later. This is a big story.  Link here.

Another win for Trump:

Rivian: link here.

The market was not impressed with Rivian losing only $2 billion / year.

The company forecast deliveries of 46,000 units to 51,000 units for 2025, compared with 51,579 vehicles delivered last year. The benchmark going forward: 50,000.

Market: on a day that the DJI has fallen or is going to fall more than a 100 points, I generally don't check in. Today, was such a day. I saw early on that the DJI was going to fall by a couple hundred of points (Walmart-related, it was said) and for that reason, I did not look at the market all day.

A reader reached out to me at 11:00 a.m. this morning -- or thereabouts -- saying they had an appointment with their Schwab broker later this afternoon-- and wanted my thoughts on selling AAPL today. Their broker wants them to sell some of their AAPL because they are overweight in that stock.

The market was down, and Apple announced a new product yesterday. Generally speaking, Apple analysts are never impressed by new Apple products and following a new product announcement, Apple generally sells off. Coupled with this being a down day for the market, I thought AAPL would not do well at all. [One wonders to what extent a small short squeeze might have influenced AAPL's share price today.]

So, I assumed that's what AAPL would do today. Fall.

I told the reader that I would not be selling but everyone's situation is different. I have a 30-year horizon and will continue to add a few shares of AAPL whenever I can, shares which I will never see -- repeat: shares that I will never see -- and will be passed on to our five grandchildren.

But having provided that advice, I was curious -- I just checked the indices over at CNBC and saw that indeed the DJI had fallen 500 points (Walmart-related, "they" say). The other indices also fell but not by much in the big scheme of things.

My assumption was that AAPL probably gave up a few dollars per share, maybe as much as $3.00 but certainly not as much as $5.00 but nothing regarding AAPL surprises me any more.

I about dropped off my chair to see AAPL solidly in the green today at the close, up about a dollar per share. Completely unexpected. I see that immediately after the market closed, AAPL was down 15 cents, so there's that.

I took a chance. I decided to take a look at my entire Schwab portfolio. Wow, wow, wow -- one of my best days since the beginning of the year. I have no idea why. I won't check anything else. 

But at least I feel good for my reader that AAPL held strong today. 

With regard to Walmart -- their board was so concerned about the company's future, they announced they will raise the quarterly dividend by 17 percent, from 20 cents to 23.5 cents. At least that's what I thought they said. I could be wrong. Please fact-check everything I write. I often make typographical and/or content errors. 

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Back to the Bakken

WTI: $72.57.

Active rigs: 30.

Seven new permits, #41625 - #41631, inclusive:

• Operators: BR (5); Hess (2)
• Fields: Haystack Butte-Bakken Unit, McKenzie County; Truax (Williams County)
• Comments:
• Hess has permits for two SC-Mari wells, NWNW 22-153-98; 
• to be sited 338/355 FNL and 517/519 FWL;
• BR has permits for five HBU Badlands wells, SENW 24-148-98, 
• to be sited 1799/1862 FNL and 2600/2624 FWL and 2626 / 2577 FEL.

Note: the new field -- the Haystack Butte-Bakken Unit. (HBU)

Three producing wells (DUCs) reported as completed:

• 38491, 797, Petro-Hunt, State 153-95-17B-16-1H, McKenzie County;
• 40759, 576, Slawson, Fish Finder 5-21-9H, Mountrail County;
• 40688, 523, Slawson, Fish Finder 4-21-9H, Mountrail County;