Locator: 49687B.
A sign of boredom: I'm watching Jim Cramer interview a CEO really, really excited about his company -- a company that has a P/E of 51 and a five-year chart as seen below; compare with a P/E of 37 for AAPL which across the board, every CNBC analyst considers expensive (AAPL). This stock will drop to $16 if the P/E matches Apple's, all else being equal. It gets tedious.
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Back to the Bakken
WTI: $57.60.
Active rigs: 29.
Two new permits, #4253 - #42554:
- Operators:
- 42553, loc, KODA Resources, Amber 3421-1BH, Grenora,
- 42554, loc, KODA Resources, Amber 3422-2BH, Grenora,
- Field: Grenora oil field; Divide County.
- Comments:
- KODA has permits for two Amber wells, SWSW 34-160-103,
- to be sited 475 FSL and 432 /467 FWL.
Three permits canceled:
- Spotted Hawk Development, one Poseidonx permit, one Cheetahx permit, and one DemeterX permit, all in McLean County.
