A reader alerted me to a change in status of some CLR Weydahl and Brandvik wells in Corral Creek.
I posted the reader's note and my comment as an update at this post.
Monday, June 18, 2018
Smart Decision -- Hamm Pulls Out -- June 18, 2018
From SeekingAlpha:
- Continental Resources says CEO and founder Harold Hamm has canceled a scheduled appearance at this week's OPEC meeting in Vienna, leaving only two U.S. shale executives set to speak at the event out of an original five
- Hamm's withdrawal comes days after trade tensions between the U.S. and China intensified, with China imposing $50B in retaliatory tariffs on U.S. crude oil and other goods; CLR has been a key supplier of crude oil to China, shipping more than 1M barrels to the country since a U.S. crude export ban was lifted in 2015
- Centennial Resource Development CEO Mark Papa and ConocoPhillips CEO Ryan Lance earlier withdrew from the OPEC event; Pioneer Natural Resources Executive Chairman Scott Sheffield and Hess CEO John Hess are still scheduled to attend
The Political Page, T+18 -- June 18, 2018
Developing countries and trade wars. Watch the entire video but as you watch it, be ready for 9:10 for something quite interesting.
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Short Takes
Trade wars: this tells me all I need to know about the "trade war" between the US and China. For those who need to put the "trade war" into perspective, I suggest they read The Opium Wars by W. Travis Hanes, c. 2002. But I digress. Here's the graphic:
Two lost decades: the Bush II and the Obama administrations.
Back on track.
Anti-Trumpers suffering profound cognitive dissonance. Unable to adjust.
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Even Lindsey
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Fact checking media reports. The list.
LMK has now replaced RSVP.
Just saying.
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Comey
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Comey
This is all I need to know about Comey, former FBI director, fired by the president for "insubordination."
Now it is being reported that Comey is being investigated by the DOJ, again. Comey characterizes these investigations as "frivolous." Remember, Comey is not a politician. He is a lawyer and past director of the FBI. He should know that DOJ investigations are not "frivolous."
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Feeling Good
Two lost decades: the Bush II and the Obama administrations.
Back on track.
Anti-Trumpers suffering profound cognitive dissonance. Unable to adjust.
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Even Lindsey
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The List
Fact checking media reports. The list.
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SNAP
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A Note for the Granddaughters
LMK has now replaced RSVP.
Just saying.
If The Implosion Of Venezuela Does Not Matter, This Will Not Matter Either, But Posting For The Archives -- Libyan Export Terminal Is Terminal -- June 18, 2018
From Financial Times:
Libya’s National Oil Corporation said on Monday that storage facilities at the Ras Lanuf port terminal, a major export facility, have suffered “catastrophic damage” as a result of clashes.
NOC said two storage tanks have been “lost” with a reduction of storage capacity by 400,000 barrels of oil — almost half the capacity at the port.
It said there was a risk oil would leak from one of the destroyed tanks spreading blazes to three other tanks. NOC blamed the damage on an assault by a militia led by Ibrahim Jadhran, who controlled the oil port and other major facilities in the area known as the oil crescent until his forces were ousted in September 2016 by those of Khalifa Haftar, the military strongman who dominates eastern Libya.
Oil Company In The News -- June 18, 2018
Updates
June 20, 2018: Icahn is said to have won control of board at SandRidge. SandRidge shares are up over 2% today.
Original Post
From Reuters via Rigzone:
SandRidge Energy Inc said on Friday it had been approached by 17 potential bidders for a buyout, including billionaire Carl Icahn who is fighting for control of the oil and gas producer's board.
The activist investor, however, said in response he had no plans to make a bid soon, adding that any bid would depend on the approval of a majority of the unaffiliated shareholders.
Icahn has criticized SandRidge's leadership, forced the removal of its chief executive officer and got the embattled company to back out of its planned buyout of rival Bonanza Creek Energy Inc.
The investor, who said in April he was willing to buy the company, will now have to await a June 19 shareholder vote for directors as he seeks to revamp the board with his seven preferred nominees. Icahn holds a 13.6 percent stake in the company.Much more at the link, including other links.
SandRidge is tracked here.
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BYD - BAD Decision
A reader alerted me to this story.
Over at Forbes, "Electric Shock: Buffett-Backed BYD Plunges On Profit Warning."
Warren's comment? "It seemed like a great idea at the time."
Google BYD Los Angeles Albuquerque.
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