Locator: 50907B.
SpaceX: IPO target-- $1.75 trillion market cap. $135 / share, offering 555.6 million shares; would be the largest IPO ever in the US; 3x previous record IPO.
Tea leaves
- Mideast: will have a tough 2027Mideast: earliest date the strait will "open": not before Labor Day, 2026;
- earliest date the strait will be "somewhat back to normal: not before Labor Day, 2027;
- Investing:
- NVDA: a trading stock; not an investment stock;
- SpaceX: a trading stock; not an investment; for investors, one can buy shares for the next twenty years;
- on a very negative day for the US markets, WMT was a standout, gaining almost $5 / share;
- Europe in deep doo-doo;
- Canada looking a bit stronger, but only a bit;
- US -- political:
- lots of talk,
- but at the end of the day, Trump will have an All-Democratic (both houses of) Congress with which to deal;
- LDC build-out will slow;
- the gap between "red" and "blue" states will widen: if you like paying state income taxes, move to "blue" states now;
- seniors will do well in 2027: significant military pay raise; significant raise in military pensions; significant social security COLA increase in 2027;
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Back to the Bakken
WTI: $94.96.
Active rigs: 31.
Six new permits, #42995 - #43000, inclusive --
- Operator: XTO
- Field: Bear Den (Dunn County)
- Comments:
- XTO has permits for six Ghostrider Federal wells, SWSE 6-148-96, to be sited 841 / 855 FSL and 2325 / 2474 FEL;
Four permits renewed:
- Lime Rock (3), three Harlan Rebsom permits, Murphy Creek Dunn County; and
- MRO: one Sophia USA permit, wildcat, Dunn County.
One producing well (a DUC) reported as completed:
- 41036, 702, BR, Phantom Ship 7B, McKenzie County.
