Locator: 51286B.
Pageviews: 69,779,677. 11:00 p.m. CT, July 29, 2026.
Daimler truck facility in Portland, OR, to shut down completely; transfer all US manufacturing operations to East Coast. Not yet in TWSJ.
Iran strikes: resume again, by US and Saudi Arabia, 8:00 p.m. ET tonight. Data continues to suggest that his has been a less-than-half-hearted effort by US allies other than Israel. Either folks in Washington, DC, have not read or not following the writings of Sun Tzu, The Art of War. From today's WSJ, how many times have we heard this? Is the administration admitting that it purposely failed to take out Iran's missile capability -- the one that killed American soldiers last week?
Now, as Trump moves to strike back after Iran’s surprise missile attack Tuesday, the president will decide how far to go. He could greenlight Cooper’s option of 10 to 14 days of intensive airstrikes intended to cripple Iran’s missile capability despite warnings that the U.S. is running low on air-defensive munitions. Or, he could opt for a more limited military strike in the hopes diplomacy could be pursued.
Mideast: IRGC now taking out Egyptian LG import hubs. Link here.
QCOM earnings crushed. Link here. Reports over at MacRumors that QCOM shipments to Apple will decrease faster than expected starting this year. Source? QCOM itself. Later: July 30, 2026:
Meta: huge reality lab looses continue. Link here. Earnings here. App Economy. Link here. First comments: this was not good; hopefully Zuckerberg has a good conference call.
MSFT: Commercial RPO has more than doubled over the past five quarters -- a powerful flywheel. Link here. MSFT crushed their earnings. Link here.
Cloud growth: GOOG huge; Azure flat; AWS steady. Link here. I like this one better. Link here.
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Back to the Bakken
WTI: $84.87. Like shooting fish in a barrel.
Active rigs: 27.
Five new permits, #43165 - #43170, inclusive:
- Operator: Hunt Oil; Burlington Resources
- Fields: Alexandria (Divide County); Jim Creek (Dunn County);
- Comments:
- Hunt Oil has permits for three Alexandria wells, SESE 34-161-100,
- to be sited 326 FSL and 616 / 764 FEL;
- BR has permits for one Hawkeye well and one Kelly well, NENW 11-145-96,
- to be sited 391 / 393 FL and 1654 / 1846 FWL.
One producing well (a DUC) was reported:
- 42181, 1,360, BR, Aber rombie 2-12UTFH, McKenzie County;