Friday, August 4, 2023

Week 31: July 30, 2023 -- August 6, 2023

Locator: 45337TOP.

Top story:


Top international non-energy story:

  • Russian-Ukraine war continues but it seems "no one" knows.

Top international energy story:

  • Saudi Arabia will extend production cut into September

Top national non-energy story:

Top national energy story:

    • WTI. Hit $83 before pulling back slightly.

Focus on fracking: most recent edition.

Top North Dakota non-energy story:


Top North Dakota energy story:


Geoff Simon's top North Dakota energy stories:

Bakken economy:

Commentary:

Entertainment: Trump's indictment and arraignment. Good Omens, Amazon Prime Video.

Back To The Bakken -- Five New Permits; Seven Permits Renewed -- August 4, 2023

Locator: 45336B.

Chord Energy:


WTI: $82.82.

Active rigs: 40.

Five new permits, #40097 - #40101, inclusive:
  • Operators: Liberty Resources (4); True Oil 
  • Field: East Tioga (Mountrail); Red Wing Creek (McKenzie)
  • Comments:
    • True Oil has a permit for a Ness well in NENE 25-148-101, 
      • to be sited 257 NFL and 255 FEL;
    • Liberty Resources has permits for four wells (Paige Federal, Morgan Federal, Storsul Federal, Storsul Federal), NENW 17-158-93; 
      • to be sited 344/345 FNL and between 2101 and 2341 FWL
Seven permits renewed:
  • XTO: four Twin State Federal and three Lawlar permits, Sand Creek and North Tobacco Creek, all in McKenzie County

Whose Blades Are Being Bought By Amazon? August 4, 2023

Locator: 45335TECH.

Whose blades?

The big story this week, of course, in the tech world, was the Amazon story, and more specifically AWS.

The first question one might want to ask: Amazon is using whose blades?

The answer is the same as whose blades Elon Musk is using for his new AI company?

Screenshots:

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Warren Buffett
Career Highlights

Link here.

I imagine there are a gazillion ways to analyze Warren Buffett's investment style, but for me, once he had built up a huge cash position in his partnership, starting about 1936, he started "buying America" in bigger and bigger portions. Of course, it became easier once his pile of cash became bigger, but he still had to make the right decisions, but he continued to "buy America." 

One can run through the career highlights at the link.

Every investor has that opportunity -- to buy "America," even if on a much smaller scale. [Note: buy "America," not buy "American." A slight distinction.]

2023 - 1949 = 74 years of investing.

74 - 39: I need 35 more years to match his investing longevity. LOL. 

At best, I think I have five more years of active, independent investing. But I'm laying out the strategy so that Sophia can take over.

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Whose Bed Have Your Boots Been Under

Link here.

A Goldilocks Economy. Now, A Goldilocks Jobs Market? WSJ -- August 4, 2023

Locator: 45334ECON.
Locator: 45334JOBS.



Reuters Technology Round-Up -- August 4, 2023

Locator: 45333TECH.

HOOD: down 1.3% today; trading at $11.39.



AMAZON: