On the way into work this morning, listening to the news I realized things couldn't be too bad: President Obama flies into California this weekend to attend two fundraisers, one with Ms Pelosi in San Francisco, and then he gives a speech, one speech,
That $200 million MDU deal? Buyer was Lime Rock Resources. A big "thank you" for Don to solving this "mystery." Link here. Original post here. "Anonymous source" wrong unless there is a connection between EOG and Lime Rock.
Recap so far:
- active rigs in North Dakota: 197
- Newfield reports a huge well in the Bakken
- oil futures briefly hit $105 overnight (WTI crude oil)
- the green energy debacle in Germany; residential electricity now a luxury
- the changing of American cities due to the energy revolution
- Delta Airlines strikes five-year Bakken crude oil deal
Earnings: Reporting Tuesday
Apple reported stronger-than-expected earnings growth late Tuesday, but fiscal Q3 sales of the iPhone and iPad lagged estimates as consumers and investors look ahead to the next smartphone models.Apple earned $1.28 a share in the quarter ended June 28, up 19.6% from a year earlier. That beat the consensus estimate of $1.23. It was the strongest gain in seven quarters, improving from 15%, 5%, -5% and -20% in the prior four periods.
- AAPL, elsewhere:
Apple today announced financial results for the second calendar quarter and third fiscal quarter of 2014. For the quarter, Apple posted revenue of $37.4 billion and net quarterly profit of $7.7 billion, or $1.28 per diluted share, compared to revenue of $35.3 billion and net quarterly profit of $6.9 billion, or $1.07 per diluted share in the year-ago quarter.
Gross margin for the quarter was 39.4 percent compared to 36.9 percent in the year-ago quarter, with international sales accounting for 59 percent of revenue. Apple also declared an upcoming dividend payment of $0.47 per share, payable on August 14 to shareholders of record as of August 11. The company currently holds $164.5 billion in cash and marketable securities.
- CMCSA, beat expectations; 76 cents vs 72 cents; shares up over 1%;
- MSFT, misses on earnings (58 cents vs 60 cents forecast); Nokia drags; Cloud helps
- NBR, misses by 2 cents; 21 cents vs 23 cents
- BTU, revenue up 2%, but reports a net loss of 27 cents/share; shares up almost 2%; Less than 914 days;
- KO, beats by a penny at 64 cents/share but revenues declined 1%; shares down more than 3%;
- VZ, beat by a penny at 91 cents/share, dramatic increase in customers; net wireless additions surged over 50%; shares up slightly;
- XLNX, beats by 1 cent; revenues and guidance down; shares plunge
ObamaCare In Four Sentences For Those Without Time To Read 2,700 Pages
1. In order to insure the uninsured, we first have to un-insure the insured.
2. Next, we require the newly un-insured to be re-insured.
3. To re-insure the newly un-insured, they are required to pay extra charges to be re-insured.
4. The extra charges are required so that the original insured, who became un-insured, and then became re-insured, can pay enough extra so that the original un-insured can be insured, free of charge to them.