The Million Dollar Way (The Bakken Oil Blog)

Thursday, October 3, 2024

Elon Musk Make's Starlink Available For Free -- Immediately -- For All Affected By Hurrican Helene -- October 3, 2024

Locator: 48483TECH.

Tag: Starlink Nvidia NVDA

I think this is amazing on so many levels, but mostly because it's being done by a private citizen and not by the US government. This is truly amazing.

Link here.

Meanwhile, Nvidia, link here:

Ticker, one month, one year, max:

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Futures

With port strike on temporary "hold," what do futures look like?

Futures, NVDA:

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Absolutely Fascinating

Jobs report, September, forecast:

Right now, the Fed is only looking at the jobs numbers.

So, if jobs come in significantly worse, Fed on course to continue cutting rates.

If jobs come in significantly better, suggesting economy much better than expected, Fed could delay the next small cut already baked in. Unlikely. The numbers would have to be incredibly “good” for the Fed to even think about any delay in a small cut.

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Disclaimer
Brief Reminder

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 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 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.
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No Mention Of EVs
Link here.
For the archives ... bigger, gas-guzzling SUVs. No mention of EVs.
For the archives. I don't have a dog in this fight. But it certainly suggests the Big Three are confident EV mandates will be delayed. Or the pivot to even larger gas-guzzling EVs is an existential issue.

What A Doofus! October 3, 2024

Locator: 48482BANKERS.

Link here.

Jamie Dimon telegraphed the same message at that time and continues to warn investors about the risks of investing in the US market. We've talked about this before. The CNBC folks have finally spoken to this.

Jamie Dimon and folks like Hartnett: it gets tedious.

Hartnett is still ambivalent at best; bearish at worst. Link here.

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The Book Page

Henry V: The Astonishing Triumph of England's Greatest Warrior King, Dan Jones, c. 2024.

Wow, wow, wow! I doubt I will read this book -- I don't know -- I'm tempted -- I've read so many books on British history, particularly the period surrounding the Wars of Roses. But, as noted, I'm really tempted.

We'll see.

From the linked article:

It is surely an exhausting, perhaps bewildering, time for Henry (the future Henry V) and his brothers. Henry is still only thirteen. Thomas is twelve, John ten, and Humphrey has just turned nine. It has been only one year since their father was exiled, their lives upended, and their futures thrown into uncertainty. Now their father (Henry IV) is the king, and they are knights and princes: the nucleus of a new Lancastrian royal family. Nothing like this has happened in England since the Norman Conquest of 1066.

Ford's Former CEO Says Ford Needs To Compete With China On Price -- October 3, 2024

Locator: 48481EVS.

I can't make this stuff up.

Link here.

Here in the states, we're going the wrong direction.

From the linked article:

Tesla is no longer selling the sub-$40,000 rear-wheel drive Standard Range version of the Model 3 that has been in the company’s lineup since 2023.

The most affordable trim is now the Model 3 RWD Long Range that starts at $42,490.

The change was first pointed out by Electrek and comes as Tesla announces a year-over-year increase of vehicle deliveries in its third quarter of 2024.

Tesla has slashed — and raised — prices numerous times over the past few years as it struggles to retain its pole position in the market. But an increasing number of customers have strayed to other vehicle brands, leaving Elon Musk’s company grappling with year-over-year sales decreases.

Tesla also occasionally discontinues certain trims, often without notice or fanfare. Earlier this year, the company stopped offering the $60,990 RWD Cybertruck, the cheapest version of its angular EV truck.

Holy mackerel! The least expensive pickup truck offered by Tesla was $61K!

Seven New Permits; One Permit Renewed; Three DUCS Reported As Completed -- October 3, 2024

Locator: 48480B.

Well, that didn't last long: port strike over (for now). Sounds like they may "meet" again in January to dot the i's and cross the t's.

Spirit Airlines: may declare bankruptcy. No comment.

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Back to the Bakken

WTI: $73.71.

D-Day, H-Hour (local time):
Saturday, October 5, 2024
2200 hours
current time (local):
CDT: 3:11 p.m. (lags GMT by five hours)
IDT: 11:11 p.m. (overtakes GMT by three hours), October 3, 2024
GMT: 8:11 p.m.
at 2:00 p.m. CDT today, it was exactly 48 hours to H-Hour, D-Day.

Active rigs: 36.

Seven new permits, #41199 - 41205, inclusive:

Operators: Silver Hill Energy (5); MRO (2);
Fields: North Tioga (Burke); Bailey (Dunn)
Comments:

Silver Hill Energy has permits for two Rooster W Federal wells and three Ringneck W wells, SESW 2-159-94,

to be sited 415 FSL and between 1483 FWL and 1623 FWL;

MRO has permits for two wells, Benjamin 44-31H, and Alverson 24032H, lot 2, section 5-145-93,

both to be sited 699 FNL with Benjamin 2469 FEL and Alverson 2389 FEL.

One permit renewed:

34060, Silver Hill, Keller W, Burke County;

Three producing wells (DUCs) were reported as completed:

40222, 1,274, CLR, Marshall 4-13H,
40253, 1,799, CLR, Benner 5-7H,
40432, 2,539, Enerplus, Fearless 150-94-06A-18H-LL, these wells and the "wells of interest" below are tracked here.

Wells of interest:

23541, 1545, Enerplus, Honor 150-94-06B-18H TF, Spotted Horn, t6/14; cum 788K 11/23; off line;
23542, 1,007, Enerplus, Grace 150-94-06B-07H, Spotted Horn, t2/13; cum 426K 11/23; off line;
26608, 1,601, Enerplus, Courage 150-94-06A-18H, Spotted Horn, t6/14; cum 716K 11/23; off line;