The Market, Energy, And Political Page, Part 3, T+64 -- May 3, 2018

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Title : The Market, Energy, And Political Page, Part 3, T+64 -- May 3, 2018
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The Market, Energy, And Political Page, Part 3, T+64 -- May 3, 2018

Ahead of my headlights: a couple of readers will understand this -- sorry I can't say more -- for the Bakken:
  • costs are coming down -- not a lot, but ...
  • wells are getting significantly better -- seemingly overnight; certainly year-over-year
  • Saudis want higher price for oil
  • word on the street: Trump has already decided to tear up the Iran sanctions agreement 
  • E&Ps with unhedged positions looking good: letting profits run
  • but, as noted, I'm getting ahead of my headlights
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 what you think you may have read here. If this is important to you, go to the source.

Disclaimer: I make a lot of simple arithmetic errors. I often see things that do not exist; I read quickly and miss important points. Sometimes it takes me days (maybe even weeks) to see where I was wrong.

The Bakken: speaking of "wells getting significantly better" -- this looks like the year the Three Forks will start to reach its stride; "we" would have been there in 2015 except for the Saudi Surge which was announced in November, 2014, and the end was not announced until two years later, November, 2016. This was a Three Forks well.


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