Thursday, June 17, 2021

Random Update Of CLR's Long C reek Unit -- June 17, 2021

The CLR Long Creek Unit is tracked here.  

At that link, compare an older graphic with the current graphic:

The rig is sitting on #36985 in this graphic.

  • 36985, drl/TAI, CLR, LCU Truman Federal 3-23H1, Long Creek, no production data,


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Notes From All Over -- Morning Edition -- June 17, 2021

Slow, slow news day. I may take the day off. The biggest piece of "investment" news that caught my attention, Jim Cramer's take on Disney+, paraphrasing: "Disney+ has become ESPN without ads." Further, and a direct quote: "Disney+ is an albatross around Disney's neck." 

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.

DIS:

  • March 8, 2021, three months ago: $201
  • today: $175

I find that interesting. I really thought the Disney+ bundle (Disney+, Hulu, and Netflix) would be unbeatable in the short term (two years).

What happened?

See this post for earlier comments. 

Who owns Hulu?

No wonder I have trouble following this story. From google:

Wiki.

Are we moving to two streaming services?

  • Hulu
  • Amazon

Or:

  • Disney+++
  • Amazon Fire

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Reading To Corky 

Sophia was reading to Corky on the patio this morning before she left for mini-soccer camp.

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The US Economy Is "On Fire'; No One Is Going Back To Work; And The Global Economy Is Yet To Take Off -- June 17, 2021

Covid-19 vaccination rate:

  • US: about 55%
  • rest of world: about 3%

Crude oil demand: it was my understanding that demand for crude oil was going to fall off the cliff by 2022. 

Something funny happened on the way to 2035.


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The Geico Rock Award

We have the first 2021 nominee for the Geico Rock Award. 

Quote from Intel CEO yesterday,"the world is becoming more digital and needs more chips."

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Two Wells Coming Off Confidential List; Twelve Operators With Twenty-One Active Rigs -- June 17, 2021

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.  

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Opening Volley

"Apple struggles in push to make health care its greatest legacy." Link: https://www.foxbusiness.com/technology/apple-struggles-healthcare-legacy. 

This follows the failed attempt by Buffett, et al, to "fix" the health sector (previously posted). The millennials seem pre-occupied with "health," but seem not to understand how "medicine" works. Whatever. 

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Return

Jobs report today: not necessarily a bad report but certainly not good. Economy on fire and folks not returning to work. Think about that. What's the number one expense businesses have? Yup, personnel costs. 

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My Biggest Mistake Last Night ...

.... when I quit watching the Atlanta Hawks - Philadelphia 76ers NBA game in the third quarter when the latter was 26 points ahead of the former ... and then went on to lose by three points...

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The Dot Plots

The Dot Plot that got everyone excited at this link (it's behind a paywall but one can easily get around it (LOL We've talked about that before.)



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US Shale Free Cash Flow

Link here at Bloomberg Quint. 

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Infrastructure

Line here at The WSJ: one failed bridge in Memphis, TN, costing business millions. I think we've seen this movie before.

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The Buzz

Jim Cramer:

  • flipped on energy; now loves the oil sector; a change from about six months ago;
  • absolutely loves Jay Powell (I agree completely)

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Back to the Bakken

Active rigs:

$71.886/17/202106/17/202006/17/201906/17/201806/17/2017
Active Rigs2112626257

Twelve operators with twenty-one active rigs:

  • CLR (7): Gordon Federal, Gale, Jensen, Pasadena Federal, Harrisburg, Tallahassee, LCU Truman Federal,
  • Hess (3): BB-State A, EN_Johnson A, GO-Soine A,
  • MRO (2): Loraas, Goddard USA,
  • Enerplus: Sable
  • Slawson: Mauser Federal
  • RimRock Oil & Gas: FBIR Guyblackhawk
  • Ovintiv: Olson,
  • Whiting: Lapica
  • Kraken: Bigfoot
  • Petro-Hunt: Blikre
  • KODA Resources: Porter
  • Oasis: Fraser Federal

Twenty-one? Almost double what it was a year ago. And producing more oil than New Mexico with 70+ rigs. 

Two wells coming off the confidential list -- Thursday, June 17, 2021: 68 for the month, 92 for the quarter, 170 for the year:

  • 37777, drl/NC, MRO, Bulls Eye USA 41-6TFH, Reunion Bay, no production data,
  • 36850, 2,379, Hess, EN-VP And R-154-94-2536H-15, Alkali Creek, t12/20; cum 126K 4/21;

RBN Energy: the social and governance parts of ESG, part 5. 

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CureVac On Life Support -- June 17, 2021

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. 

Link here.  From early August, 2020, last year:

  • CureVac doesn't rule out accelerated approval for Covid-19 vaccine; interesting, interesting story; connecting the dots;
    • German biotechnology firm
    • expects to put its vaccine on the market in mid-2021
    • CureVac: backed by Bill Gates
    • CureVac: listed ont eh NASDAQ three days ago, Friday, August 14, 2020, raising $213 million;
    • ticker symbol: CVAC
    • closing price on first day of trading: $55.90; up 250%)

First day of trading, back in early August, 2020:

From August 8, 2020:

CureVac: of the thousands of sticker symbols I could have chosen, back on August 14, 2020, I chose CureVac (CVAC) trading up 250% on its first day of trading; closed at $56. Today, I see CVAC is up another $15, up almost 14% today; and closed at $130. Moderna had a great day. This is clearly not rocket science. PFE. JNJ.

Fast forward, today, June 17, 2021: CureVac plummeting. Over at The WSJ, "CureVac sharees plunge premarket on disappointing Covid-19 vaccine trial. Vaccine was 47% effective in an analysis of a trials, says the company, which attributed the poor performance to variants. 

Not even mentioned on CNBC this morning. Makes sense: Bill Gates and MSNBC --> CNBC joined at the hips.

For its main listing in the U.S., shares were down 45% in off-hours trading. Shares in the company listed in Frankfurt traded 43% lower Thursday.

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