Locator: 48701B.
Tech: I've suggested before that Oracle is the poor man's Palantir. This certainly suggests this could be correct. Link here.
Tech: Meta said to be looking to borrow $29 billion to build US data centers. Link here. That's a lot of blades.
HES, CVX, XOM: what's the hold-up?
Supposedly the arbitrator made the decision over the past weekend. It's been at least eight days. My hunch: the summary is lying underneath the Epstein file on Bondi's desk.
Tariffs:
- Brazil: massive tariffs being considered, at 50%, pending
- Japan: 25%; administration accused of not making time to meet with Japan's trade representative
- my hunch: administration not interested in "more talk." Wanted to see some action.
- same with EU; tea leaves: Trump getting tired of "talk," being slow-rolled.
- probably not good that some started TACO talk.
Market:
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Back to the Bakken
WTI: $68.38.
Active rigs: 30.
Three new permits:
- Operator: Hunt Oil
- Field: Parshall (Mountrail)
- Comments:
- Hunt Oil has permits for two Burke wells and one Meyer well, SESE 36-155-90,
- to be sited 864 / 906 FSL and 859 / 902 FEL.
Four permits renewed:
- Hunt Oil (2): two Oakland permits, Parshall oil field, Mountrail County;
- Enerplus: one fort Berthold permit, Eagle Nest, Dunn County;
- CLR: one Langved permit, Beaver Lodge, Williams County;
