Locator: 51438B.
AAPL: new price target from one analyst, from $260 up to $400, with a buy recommendation. Rothschild & Co Redburn said Apple is going to benefit having not spent huge amounts of money as a hyperscaler but with all the benefits. Sees Apples installed base which could result in Apple being the AI gatekeeper. Link here. At Barron's. There are going to be a lot of hyperscalers trying to make deals with Apple for its installed base, particularly with Apple's tech model (edge) and focus on security.
Neoclouds: scaling faster than hyperscalers, link here. Huge opportunities; huge risks. See disclaimer below.
Digital Brands Group can't make it in California; moving to Texas. New location, Round Rock, north of Austin.
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Back to the Bakken
WTI: $85.27. Wow. Is this going to be a slow climb to $90? Higher? Or is the strait now irrelevant?
Active rigs in the Bakken: 33 (new recent record)
Four new permits, #43216 - #43219, inclusive:
- Operators: Petro-Hunt (2), Phoenix Operating, and True Oil
- Fields: Little Knife (Billings), Skabo (Divide), and Bowline (McKenzie)
- Comments:
- True Oil has a permit for Superior Federal well, NWNE 32-148-101,
- to be sited 643 FNL and 2600 FEL;
- Phoenix Operating has a permit for an Akemi Ferrari well, SWSE 14-160-98,
- to be sited 350 FSL and 1426 FEL;
- Petro-Hunt has permits for a Kadrmas well and a BR well, NENE 10-143-98,
- to be sited 350 FNL and 1057 / 1090 FEL.
Eight permits renewed:
- MRO (6): Anita USA, Elva USA, Carolyn USA, Shell USA, Judith USA, and Treasure USA in NWNE 14-147-94 Dunn County; McGregory Buttes;
- KODA Resources: two Stout permits, SESW 14-160-102, Divide, Fertile Valley.
Six producing wells (DUCs) reported as completed:
- 36698, 843, BR, Sanmuri 4BUTFH-ULW, McKenzie County;
- 36701, 500, BR, Muri 2D-UTFH, McKenzie County;
- 36702, 2000, BR, Muri 2E-MBH, McKenzie County;
- 41833, 709, BR, Muri 3E-MBH, McKenzie County;
- 41843, 709, BR, Muri 3C-UTFH, McKenzie County;
- 42422, 1,389, Kraken, Bregman 6-7-18 2H, Williams;
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Disclaimer
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've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom. Now, I've added Amazon. And QCOM. Longer version here.
