Tuesday, April 9, 2019
"Down Day" For Almost Everything; WTI Held Above $64
API weekly crude oil inventory data -- a big build -- a build of 4.1 million bbls. Forecast: a build of 2.294 million bbls (again, false precision). Including this week’s data, the net build is now 7.53 million barrels
for the 13-week reporting period so far this year, using API data. But look at the gasoline inventory data: The API this week reported a draw in gasoline inventories for week
ending April 5 in the amount of 7.1 million barrels. Analysts estimated a
much smaller draw in gasoline inventories of 2.009 million barrels for the week. All background noise. Traders will do what they want regardless of the data. WTI trended down today, closing just below $64.
Aramco IPO: it's always been my contention we would never see an Aramco IPO. More evidence to support that contention: the "run on Aramco bonds was so huge, there is no need for an IPO."
Active rigs:
Three new permits:
Aramco IPO: it's always been my contention we would never see an Aramco IPO. More evidence to support that contention: the "run on Aramco bonds was so huge, there is no need for an IPO."
Active rigs:
| $64.06 | 4/9/2019 | 04/09/2018 | 04/09/2017 | 04/09/2016 | 04/09/2015 |
|---|---|---|---|---|---|
| Active Rigs | 63 | 58 | 49 | 31 | 93 |
Three new permits:
- Operator: Petroshale
- Field: Croff (McKenzie County)
- Comments:
- Petroshale has permits for a 3-well Anderson North pad in section 14-149-96 in Croff oil field
- EOG (3): three Riverview permits in McKenzie County
- Newfield (2): two Bernice permits, both in McKenzie County
- Whiting: a Westin TTT permit and a Kaden TTT permit, both in Mountrail County
- 35312, A, CLR, Putnam 8-25H1, East Fork, t--; cum --;
- 35311, A, CLR, Putnam 7-25H, East Fork, t--; cum --;
- 35310, A, CLR, Putnam 6-25H1, East Fork, t--; cum --;
- 34458, 1,931, Hess, CA-E Burdick-155-95-2017H-6, Capa, t3/19; cum --;
- 32164, 1,812, Hess, CA-Anderson Smith-155-2635H-4, Capa, t3/19; cum --;
- 16083; off-line; t2/07; cum 253K 10/18;
Monday, April 9, 2019 -- T+97, Part 7 -- An Open Book Test; Despite Mainstream Media, Trump's Popularity Surges
53%. That sobbing you hear in the background ... Rachel Madcow ...
Open book test.
Disclaimers:
Four Strong Winds, Ian and Sylvia
- This is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or what you think you may have read here.
- I am inappropriately exuberant about the Bakken.
- I dropped out of the Art Berman School of Oil Investing some years ago.
- I have no formal training or experience in the oil sector. The last "business" course I took was "Econ 101" as a freshman at a liberal arts school.
*******************************************
Monday, April 9, 2019 -- T+97, Part 6 -- "The Science Is Settled"; Why The Market Is Plummeting Today
Global warming: everywhere but in America? Tell me again the "science is settled." Easter: two feet of snow? Words we don't like to see in same paragraph: potentially historic winter storm "two feet of snow" blizzard "prepare now":
Link here.
How bad is it going to be? Drum roll .... 3.5% estimate revised to .... drum roll .... 3.3%.
You have got to be kidding. Whatever.
Shorty, Marty Robbins
Reminds me of Ian Tyson.
*******************************
Why The Market Is Plummeting
Link here.
How bad is it going to be? Drum roll .... 3.5% estimate revised to .... drum roll .... 3.3%.
You have got to be kidding. Whatever.
********************************
Shorty
Reminds me of Ian Tyson.
Monday, April 9, 2019 -- T+97, Part 5 -- Market On Sale!
Saudi order book: now in excess of $100 billion. Prince Salman kicking himself -- why didn't I think of this ten years ago when interest rates were 0% and falling. LOL. What was that law of Sharia?
And we move on.
The market ....
Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or think you may have read here.
AAPL: on a day the market falls 200 points, AAPL is one of the few to surge -- up another $1.53/share. Whoo-hoo! In fact, AAPL and DIS are the only two of the thirty showing green.
Boeing: no 737 sales in March. Delivered fewer MAX jets last month. Pundits way smarter than I suggest Boeing will weather this just fine. I'm not so sure. Commercially, the 737 was their future. Airbus has huge opening.
A reader's request ...
The Streets of Laredo, Marty Robbins
70 stanzas of which 69 have to be whistled.
See more at Schwa Nation.
Sharia prohibits riba, or usury, defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to riba).Day 97, the list of accomplishments from the 115th US Congress:
And we move on.
The market ....
Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or think you may have read here.
AAPL: on a day the market falls 200 points, AAPL is one of the few to surge -- up another $1.53/share. Whoo-hoo! In fact, AAPL and DIS are the only two of the thirty showing green.
- BA: down another $4, trading at $370
- TSLA: flat at $273
Boeing: no 737 sales in March. Delivered fewer MAX jets last month. Pundits way smarter than I suggest Boeing will weather this just fine. I'm not so sure. Commercially, the 737 was their future. Airbus has huge opening.
*******************************
The Streets Of Dakota
A reader's request ...
70 stanzas of which 69 have to be whistled.
See more at Schwa Nation.
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