Locator: 51661B.
Iran: pundits "unhappy" that Trump calls the conflict against Iran "small potatoes." He's correct. Will the US hit Pickaxe over the three-day weekend? Tea leaves suggest that could happen.
Lebanon: Israel using their time and resources wisely -- taking out Hezbollah, one day at a time. We're seeing the transformation of the Middle East in real time.
WMB: up slightly today; trading near its 52-week high; pays 3%.
Brent: WTI will go into the three-day weekend above $91. Never thought I would see this price this high this long. MPC up a bit today; CVX down over one percent (profit trading or euphoria over Venezuela has evaporated). Bullison on Brent (see below); same with WTI.
Saudi Arabia, Humain: link here.
Broadcom:
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Back to the Bakken
WTI: green for the day; at close, trading at $91.48.
Active rigs: 35.
No new permits.
Seven permits renewed:
- Hess (4): four EN-Van Berkom permits; Sorkness oil field, Mountrail County;
- Petro-Hunt (3): three on same pad, Little Knife oil field, Dunn County, Charles Tompkins (2) and Charles Rand.
