The Market -- Futures -- January 21, 2020

Disclaimer: this is not an investment site.  Do not make any investment, financial, career, travel, job, or relationship decisions based on what you read here or think you may have read here.

After-hours: IBM and Netflix certainly suggest that the market is not getting ahead of itself.

Bored: I don't think there's anything else worth blogging about, so time to do some reading.

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The Book Page

The Tyrannosaur Chronicles: The Biology of the Tyrant Dinosaurs, David Hone, c. 2016.

I've started this book once before. I did not particularly care for the style of writing at that time but I thought I would give it a second chance.

No New Permits -- January 21, 2020

Active rigs:

$58.34	1/21/2020	01/21/2019	01/21/2018	01/21/2017	01/21/2016
Active Rigs	53	67	58	38	47

One permit renewed:

• Murex: a Patricia Ann permit in Williams County

Two permits canceled:

• Petro-Hunt: two Clark Griswold Federal permits in McKenzie County

UK Going To Get Colder? -- The Guardian -- January 21, 2020

It's no longer the Gulf Stream. It's the North Atlantic Drift. The [London] Guardian.

EIA -- Drilling Productivity Report -- January 2020 Report Released

EIA's drilling productivity report released. Bakken with another increase of 39 bbls/day/rig -- new wells -- oil, January, 2020, to February, 2020

• Bakken: 39 bopd
• Permian: 2 bopd
• Eagle Ford: 22 bopd

DUCs by region -- November, 2019, to December, 2019

• Bakken: jump 18, to 813
• Permian: jump 14, to 3,612
• Eagle Ford: a decline of 15, to 1,427

Boeing Stock Trading Halted -- Pending News -- Barrons -- January 21, 2020

From last night:

Boeing. Boeing 737 Max -- it simply gets worse and worse. Software fails; company seeking $10 billion load (twice what analysts originally told); won't fly until June, 2020, at the earliest. I will be surprised to see the 737 Max fly this year.

Boeing stock trading halted, pending news -- 1:45 p.m. CT --

Not until July? Investor's Business Daily.

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Quotation Of The Day

From Carpe Diem: