Friday, June 19, 2020

Friday, June 19, 2020

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

AAPL: pre-market trading, AAPL just hit its all-time intra-day record high of $355.40 before falling back to $355.30. Gonna be an interesting day. This is Friday, isn't it, going into a weekend?


Saudi breakeven: from "lower for longer," oilprice:
Normally, a forced production cut in U.S. shale would have been enough for a price rebound to levels that would allow the Gulf economies’ budgets to break even.
It is this breakeven that is important to them, not production costs that are notoriously the lowest in Saudi Arabia.
For all these low production costs, Riyadh needs $78.30 a barrel of Brent to clear its budget, and $58.10 a barrel of Brent to clear its current account. And things are not much different for its Gulf neighbors.
Russia: happy with $50-oil. 

OPEC basket, today, link here: flat at $37.70.

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Buffett Spreadsheet


Airline
Shr Price: 3/31/2020
Dollars: 3/31/2020
Shares
Shr Price: June 19, 2020
Total: June 19, 2020

DAL
28.53
675,000,000
23,659,306
31.58
747,160,883

UAL
31.55
675,000,000
21,394,612
40.44
865,198,098

AAL
12.19
675,000,000
55,373,257
16.92
936,915,505

SWA (LUV)
35.61
675,000,000
18,955,350
36.46
691,112,047



2,700,000,000


3,240,386,533








AAPL
254.29
2,700,000,000
10,617,799
355.42
3,773,777,970













533,391,437




















3,240,386,533






16.46%







March 24, 2020

224

10,617,799

2,378,386,881
6/19/2020

355

10,617,799

3,769,318,495






1,390,931,614

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