Locator: 50149INVESTING.
Oil markets: no one knows how to play this.
HALO: Cramer, as we discussed earlier, hates "HALO" strategy. A CNBC colleague, Josh Brown, coined the term. See this link.
BRK: after Cramer strongly recommended BRK and the new CEO said that BRK buybacks had recommenced, BRK has recovered a bit:
Ticker BRK:
Ticker AVGO:
Locator: 50147HOVE.
From today's daily activity report:
One producing well (a DUC) reported as completed:
Other wells on that pad, highest monthly production :
Let's look at #41268:
| Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
|---|---|---|---|---|---|---|---|---|
| BAKKEN | 1-2026 | 31 | 35600 | 35781 | 47329 | 141141 | 140384 | 316 |
| BAKKEN | 12-2025 | 31 | 72163 | 71832 | 78100 | 189587 | 189365 | 222 |
| BAKKEN | 11-2025 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BAKKEN | 10-2025 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BAKKEN | 9-2025 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Locator: 50146B.
WTI: $81.01. Surged an astounding 8.51% today; up $6.35 by the close.
Active rigs: 25.
Three new permits, #42750 - #42752, inclusive:
Eighteen (18) permits renewed:
One producing well (a DUC) reported as completed:
Locator: 50145KURDISTAN.
This started out as a personal interest story, in fact, it is turning into a pretty interesting global geo-political story with huge explanation of why China is so interested in this war, and it's not simply about the Strait of Hormuz.
The geo-politics of the Mideast right now are incredibly fascinating -- least of which is not Iranian oil fields to the north which could be a land grab by Kurdistan, Iraq, and even possibly Turkey.
Absolutely fascinating. Not everyone in the region is upset by this war. It might be fascinating to re-reading parts of the Daniel Yergin's 1990 The Prize: The Epic Quest for Oil, Money, and Power.
Right now, I would suggest Kurdistan could certainly be the prime movers, ahead of Iraq and Turkey. There may be a few US companies watching this play out. It's very, very possible before this is all over, the borders of Iran will be re-drawn. Trump has been interested in another oil country: Venezuela. Just imagine what Trump might be thinking.
Today's headline story that caught my attention:
Tonight I will be taking our 11-year-old granddaughter to soccer practice in Southlake, TX.
HKN, Inc., is headquartered in Southlake, TX. Our go-to city for Barnes and Noble, high-end restaurants, hoity-toity sports facilities.
It's a small world.
Former president George W. Bush was on the board of directors over at HKN in the late 1980s and early 1990s. He left the board in 1993.
Wiki link here. Wiki does not state from where the drone attacks came in 2025, but obviously, from Iran.
See maps of Kurdistan at this link.
Iraqi oil fields, map, at this link. Kurdish oil fields, northern Iraq:
Locator: 50144WTI.
WTI: just spiked 5.61%; spiked $4.19 / bbl; now trading at $78.85.
Comes after the Strait of Hormuz grinds to a halt after Iran launches huge number of retaliatory strikes against Israel and US air bases in the region following US sinking of Iranian frigate. Azerbaijan also struck.
Locator: 50143B.
WTI: just spiked 5.61%; spiked $4.19 / bbl; now trading at $78.85.
Just when I thought it was going to be a boring day a reader sends me this!
A huge thanks to the reader who caught this. I missed it (at least a quick search of the blog I did not see it).
From October 12, 2011: fifteen years ago! Link here. All these wells are doing incredibly well in early production:
From January 17, 2026:
One producing well (a DUC) reported as completed:
Full production profile:
| Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
|---|---|---|---|---|---|---|---|---|
| BAKKEN | 1-2026 | 31 | 84585 | 84508 | 14612 | 88046 | 87211 | 775 |
| BAKKEN | 12-2025 | 30 | 41776 | 41788 | 22296 | 127325 | 126117 | 1130 |
| BAKKEN | 11-2025 | 30 | 35701 | 35723 | 21478 | 122026 | 120831 | 1117 |
| BAKKEN | 10-2025 | 30 | 53471 | 53432 | 31749 | 150123 | 146424 | 3579 |
| BAKKEN | 9-2025 | 22 | 23458 | 23536 | 17261 | 57624 | 56880 | 690 |
| BAKKEN | 8-2025 | 21 | 27853 | 27860 | 24377 | 75746 | 73928 | 1743 |
| BAKKEN | 7-2025 | 31 | 28652 | 28604 | 19704 | 75546 | 74570 | 869 |
| BAKKEN | 6-2025 | 29 | 25235 | 25161 | 14252 | 54080 | 52241 | 1779 |
| BAKKEN | 5-2025 | 30 | 26308 | 26344 | 14298 | 64679 | 63107 | 1514 |
| BAKKEN | 4-2025 | 27 | 24131 | 24064 | 13764 | 58451 | 56619 | 1779 |
| BAKKEN | 3-2025 | 14 | 11804 | 11972 | 7283 | 29958 | 27763 | 2166 |
| BAKKEN | 2-2025 | 27 | 45076 | 45090 | 20487 | 119452 | 101335 | 18034 |
| BAKKEN | 1-2025 | 24 | 47253 | 47037 | 9833 | 112279 | 105880 | 6347 |
| BAKKEN | 12-2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BAKKEN | 11-2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BAKKEN | 10-2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BAKKEN | 9-2024 | 0 | 0 | 0 | 0 | 266 | 0 | 266 |
Locator: 50142ENERPLUS.
I haven't watched a minute of Cramer (or CNBC, for that matter) since last week, once Operation EPIC Fury began. The news simply becomes too crazy. One exception: I did watch CNBC report on AVGO's earnings. Found the reporting fairly lackluster. CNBC even went to commercial break just as the numbers broke. I got the news first on the internet.
So, I'll probably turn CNBC on for ten minutes to see Cramer and then go from there.
***********************************
Cramer's First Ten Minutes
S&P 500 rallies: market is back to green for the year.
Individual mom-and-pop retail: buying on the dip -- big time.
Intergenerational wealth transfer.
First stock mentioned: AVGO -- "up big."
BRK: CEO says they're back to resuming buybacks and will do buybacks EVERY year.
Cramer: getting tired of BRK's "powder dry, powder dry, powder dry." Time for BRK to get rid of that strategy.
Yeah, it's time to go biking.
***********************************
What Comes Next?
March Madness can't come soon enough (March 17, 2026).
PGA: Arnold Palmer Invitational starts today.
Biking: I'll be biking by 8:30 a.m.
Investing? "Saving" cash to fund Roth IRAs for two older granddaughters.
Locator: 50142ENERPLUS.
I can't verify this but I'm being told by some readers that Enerplus 1099s are now being received.
Locator: 50141INVESTING.
Note: in a long note like this, there will be typographical and content errors. This blog is not meant for readers other than my extended family, but I post the blog without restrictions because this is the fastest way I can get information to my extended family members. This is not an investment site. See blog's disclaimer. Please feel free to fact check. Comments are heavily moderated.
BKR: resuming buybacks. Anything to get the price of BRK back up.
Micron (MU): on news of LPDRAMS
Broadcom (AVGO):
Shay, link here:
Copper, link here:
**********************************
Disclaimer
Briefly
Briefly:
I am inappropriately exuberant about the Bakken and I am often well out front of my headlights. I am often appropriately accused of hyperbole when it comes to the Bakken. 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 something appears wrong, it probably is. Feel free to fact check everything. 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 Bakken, 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. Nvidia is a metonym for AI and/or the sixth industrial revolution. I am also inappropriately exuberant about all things Broadcom.
Locator: 50140B.
Operation EPIC Fury: a quick scan of news overnight suggests nothing new. The Kurd development yesterday will probably turn out to be an incredibly big story. Time to get familiar with the map of Iran:
Turkey: a minor story that could become a major story -- when and how will Turkey get involved?
Iran's mobile and menacing missile launchers: slowly, but slowly being removed from action, link here:
Amazing if accurate: no US civilian casualties reported?
*************************************
Back to the Bakken
WTI: $76.65. Up 2.7% overnight; up $2.00 overnight.
New wells reporting:
RBN Energy: US propane's wild journey from lab discovery to vital consumer fuel. Link here.
Today, U.S. propane is a $75 billion-a-year business involving a maze of natural gas processing plants and salt caverns connected to pipelines, fractionators, rail facilities, truck racks, retail tanks and export docks. But like many vital energy industries, the propane business began with a handful of scientists and entrepreneurs who experimented with something they didn’t really understand. Over decades of development, propane has powered Olympic kitchens, lifted hot-air balloons across the English Channel, and helped turn a quiet “mount” of southeastern Texas into the center of the global NGL universe. Along the way, propane attracted larger-than-life personalities and true “born to be wild” characters who pushed the business forward in unique ways. In today’s RBN blog, we’ll discuss the history of U.S. propane.
Locator: 50139MMF.
My favorite chart.
Money Market Fund Assets. It will be interesting to see how the Operation EPIC FURY affects MMF assets.
Locator: 50138DRAM.
See this post from September 30, 2025. Link here. Simply amazing.
Micron
Up $21 today -- maybe more -- news coming out of South Korea. Wow.
I have absolutely no idea what's going on. Ever since the war started I quit reading / watching the news / CNBC / etc., with some exceptions, including checking the Micron ticker.
From Market Watch, last updated March 3, 2026, but which I only came across late this afternoon:
“Major selling in Asia in these sectors centered on memory winners like Samsung & Hynix is something to watch as to the impact on U.S. names that are very well-owned,” Mizuho trading-desk analyst Jordan Klein wrote in a note to clients on Tuesday.
But he thought the extreme daily declines for Samsung and SK Hynix shares reflected more that South Korean stocks had become “massively overbought.” In other words, the move wasn’t “a new negative indicator on fundamentals.”
Micron said Tuesday it made progress with a form of low-power server memory as it recently started shipping samples of what it calls “the industry’s highest-capacity LPDRAM module.”
“This milestone represents a transformational step forward for AI data centers, delivering low-power memory capacity that can unlock new system architectures,” the company said in a statement.
Wow, the things one just happens to stumble across. I think there's a "lesson" or a "message" here but I won't talk about that now. It should be obvious.
Regardless, there may be a reason for some giddiness for those holding Micron. If this is accurate it could be quite a story:
Micron said Tuesday it made progress with a form of low-power server memory as it recently started shipping samples of what it calls “the industry’s highest-capacity LPDRAM module.”
“This milestone represents a transformational step forward for AI data centers, delivering low-power memory capacity that can unlock new system architectures,” the company said in a statement.
One-day and five-day tickers:
Now this story from earlier today: link here. I'm too tired to go through this now -- highly recommend that you go to the link if you are at all interested in Micron.
**********************************
Disclaimer
Briefly
Briefly:
I am inappropriately exuberant about the Bakken and I am often well out front of my headlights. I am often appropriately accused of hyperbole when it comes to the Bakken. 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 something appears wrong, it probably is. Feel free to fact check everything. 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 Bakken, 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. Nvidia is a metonym for AI and/or the sixth industrial revolution. I am also inappropriately exuberant about all things Broadcom. Longer version here.
Locator: 50137B.
WTI: $75.93. Up 1.7% today; up $1.27 today.
Active rigs: 25.
Five new permits, #42744 - #42748, inclusive:
Seven permits renewed:
Locator: 50136ARCHIVES.
I am in such a great mood today. It is amazing all the incredible news that has come out in the past twelve hours. And now, five new permits for the Bakken.
The "stuff" coming out of the Mideast is truly amazing. My two years at Air War College back in 1993 - 1995, and my fifteen years overseas, including two full years in eastern Turkey, and even a few days in northern Iraq, time with the Kurds on the ground -- all now coming back to me.
Speaking of Turkey, Iran, attempted to attack Turkey today, but apparently allies brought down the Iranian ballistic missile. Secretary General of NATO Mark Rutte said that was unacceptable.
**************************
The Book Page
These books were scattered in various places around the house. These are the books I've been reading the last six weeks. Time to get them organized.
***********************
Apple
Today's announcements incredible. The MacBook Neo. Joanna Stern: the Apple netbook I always wanted.
**************************
Micron
Up $21 today -- maybe more -- news coming out of South Korea. Wow.
I have absolutely no idea what's going on. Ever since the war started I quit reading / watching the news / CNBC / etc., with some exceptions, including checking the Micron ticker.
From Market Watch,
“Major selling in Asia in these sectors centered on memory winners like Samsung & Hynix is something to watch as to the impact on U.S. names that are very well-owned,” Mizuho trading-desk analyst Jordan Klein wrote in a note to clients on Tuesday.
But he thought the extreme daily declines for Samsung and SK Hynix shares reflected more that South Korean stocks had become “massively overbought.” In other words, the move wasn’t “a new negative indicator on fundamentals.”
Micron said Tuesday it made progress with a form of low-power server memory as it recently started shipping samples of what it calls “the industry’s highest-capacity LPDRAM module.”
“This milestone represents a transformational step forward for AI data centers, delivering low-power memory capacity that can unlock new system architectures,” the company said in a statement.
**************************
AVGO
The backlog of orders.
************************
SCOTUS and Immigration
A unanimous ruling coming out of the US Supreme Court today. I think it's a big deal. Waiting to see how the mainstream media frames it. First blush: the robed men and women got it right. But, wow, unanimous.
Unless I'm missing something, the court knows that the judicial system can't adjudicate four million + cases and appeals, coming out of 13 lower courts. There are 13 federal appellate courts, known as the United States Courts of Appeals, which act as the intermediate level of the federal judiciary. They consist of 12 regional circuit courts and one specialized Court of Appeals for the Federal Circuit.
Locator: 50135KURDS.
Updates
Later, 6:51 p.m. CT: Kurdish fighters launch offensive in Iran. Big story. Link to The Jerusalem Post.
Original Post
I posted this early this morning about 7:30 a.m., March 4, 2026.
This is now being reported -- 3:42 p.m., March 4, 2026.
Locator: 50134AVGO.
Earnings must be out.
AVGO is down almost $6.00.
Beat estimates but not by much.
Locator: 50133EPICFURY.
It certainly global politics may be very changed six months from now.
Locator: 50131NVDA.
Someone over on x asked how much it would cost to buy a million shares. $183 million. Or thereabouts. Certainly less than $200 million. This is not rocket science.
********************************
Two I Enjoy Following
Locator: 50130APPLE.
Tag: Chrome Book Neo MacBook
************************
"Older Models" Plunging In Price
Is it time to get a new 15-inch for use at home, while keeping my old 13-inch, 8GB, M1, with 256GB of storage? I've only used 106GB or storage; still with 245GB left.
Determining the best "price point" for all of these computers is a fascinating exercise. Apple needs to keep them expensive enough so they don't cannibalize the new models, but at the same time, not so expensive that folks won't buy them. My hunch their (Apple's) data and the use of AI gets the price point just about right.
Locator: 50129LUCAS.
Tag: drones suicide brilliant
Read the Reuters story and compare my post (free, no password, no subscription, no e-mail address needed) -- same story.
LUCAS: a US-produced, reverse-engineered version of Iran's Shahed-136 developed by Arizona-based SpektreWorks.
Any chance US AI played a role? LOL.
Locator: 50128LDCs.
Saturn Cloud:
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Nebius LDC
Independence, MO
The only data point investors need to know: 1GW currently costs $10 billion.
Large data centers are tracked here.
Data Center Map, link here, March 3, 2026: the map is interactive; 4,036 LDCs in the US.
Nebius:
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LDCs In Missouri
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Comparison
We're going to need more copper, more fiber.
