Locator: 50745B.
AI fourth (sixth) industrial revolution, where will you be ten years from now?
- The cake, a five-layer cake, from the bottom up -- Cramer's (in parentheses I would add):
- Energy: Bloom Energy, GE Vernova, EQT, Vistra, Constellation
- (west Texas: Pacifico Energy and Chevron; Sempra through Oncor, grid)
- Chips and semis: NVID, INTC, TSMC, MU, ASML (AMD)
- Infrastructure: AMZN, CoreWeave, Dell, CAT, Lumentum, Coherent, Corning (SCCO)
- Models: GOOG, META, OpenAI, Anthropic, xI (AMZN -- AWS)
- Applications: Crowdstrike, Palo Alto Networks, Palantir, Cloudflare, Databriks
Huge, huge news, local: HEB just down the street from us -- grand opening Wednesday, May 20, 2026. The iconic Texas grocery story will open at 6:00 a.m. I may camp out overnight. LOL.
CNBC: yes, I'm back to watching CNBC -- Cramer twice a day -- morning and evening. Right, wrong, or indifferent, he seems to be the only one who is reading about AI.
AAPL: reading the charts -- near term price target -- $315. Trading at $287 now. Apple is a story; it's under-owned and under-appreciated. General consensus among panel members on "Fast Money," CNBC tonight.
Friend: this past month, sold a house in California for $1.4 million. Bought a similar house in Frisco, Texas, north of DFW, on a golf course, for $400K. Leaves a lot of cash to fill the house with new furniture.
BRKB: up $5.00 today. Wow. Clearly a lot of folks were sucked in my Greg Abel's presentation. I was tempted to buy but didn't; the deal breaker: no dividend despite $400 billion cash horde.
Lana Del Rey!
- Rolling Stone: her 50 best songs; link here;
- how many artists even have 50 songs, much less 50 "best songs" reviewed in Rolling Stone?
*******************************
Back to the Bakken
Lost Bridge: a lot of new permits in Lost Bridge oil field. See this post for some incredible wells in Lost Bridge.
WTI: $94.81.
Active rigs: 23.
Five new permits, #42909 - #42913, inclusive --
- Operators: Hess (3); EOG, XTO;
- Fields: Wheelock (Williams County); Parshall (Moutrail County); Lost Bridge (Dunn County).
- Comments:
- XTO has yet another permit for a Nautilus Federal well, SWNE 19-148-96,
- to be sited 2541 FNL and 2279 FEL;
- EOG has a Burke well, SENE 34-155-90,
- to be sited 1550 FNL and 585 FEL;
- Hess has permits for three more GO-Daniel wells, lot 2, section 3-156-98,
- to be sited 403 / 502 FNL and 1981 FEL.
