But when it rains, it pours. There was so much news today. I assume my posts have been a bit haphazard, but what I write is mostly to remind me of the stories, not necessarily to get every detail right. That's why I link posts to the "original" source.
But this is the news that caught my eye today (and a couple from yesterday), most of it posted:
- the creditors blinked; Greece will be bailed out; though the Greek economy is already starting to seize; and all Greece had to do was to make "promises";
- China may have stemmed its stock market plunge; remember, the government will do anything to prevent social disorder
- shares of AAPL have "plummeted" over the past few months
- Apple is preparing for a huge launch for new iPhones this fall
- Ford Motor Company is going to shift small-car manufacturing overseas
- California's oil and gas industry is in deep trouble with the state politicians
- if California bans the practice of irrigating with produced water from oil wells, the effects of the California drought will only be magnified; one bbl of produced oil, produces nine bbls of water which can be cleaned up for irrigation
- FDA extends deadline for listing calories on menus; December 1, 2016, almost a year later than scheduled; after the 2016 elections; presidential wannabes did not want to see how many calories those chicken plates are adding to their waist (and waste) lines
- this is a very obscure story; but I saw it some months ago; never posted it; interesting how things have gotten better on such a simple change
- the US is doing such a great job reining in ISIS, President Obama will cut the US Army by 40,000
- North Dakota's active rig count continues to break new records -- unfortunately in the wrong direction
- despite all the bad news in the oil and gas industry, North Dakota is still issuing a lot of permits; eleven permits were issued today
- Minnesotans are doing their part to offset carbon dioxide emissions from China; they are building wind farms, solar farms, redundant transmission lines, etc, for the privilege of seeing yet another electricity rate hike, this one effective as early as January 2016; unfortunately it was not high enough (and appears to be lacking in other regards) which means rates will be going up again as early as 2017
- major violent crime is surging in big cities across the country, including Fargo (Williston appears to be unaffected)
- construction on the new Williston airport should begin next spring (2016); the Bakken construction boom continues
- there was a wheelbarrow of producing wells reporting high-IP numbers today (HRC, XTO, others)
But again, see my disclaimer. I am inappropriately exuberant about the oil and gas industry in general, the Bakken in particular. Data points, like those above, are how I see things, or how I thought I saw something reported. I often make factual and typographical errors. I correct them when I find them. If anything I post is remotely important to you, go to the source. If something I post seems wrong, it probably is. I take the Bakken seriously; everything else .. not so much.
Oh, by the way, in my mind there is a difference between investors and traders. When I see a SeekingAlpha article advising "investors" to short a particular stock, I know that the writer is unaware of the difference between investing and trading. I think the Fast Money panel has the same problem. For the most part they are advising traders, not investors.
Remember that joke about an individual having only one tool: the hammer. Everything starts looking like nails. Same for me when it comes to investing. The only buy-sell-hold button that I can find easily at my on-line investment sites: buy.
See my disclaimer.
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