Anticipation -- October 6, 2026

Locator: 51875INVESTING.

See disclaimer. 

Updates

Later, at the close, 3:00 p.m. CT: first time ever, S&P 500 closed above 7,800 (?) - closed at 7,818.93 - link here.  Don't quote me on any of these numbers / records -- 

Later, 11:13 a.m. CT: I think the previous S&P 500 intraday high was around 7,800 (?) -- don't quote me on any of these numbers / records -- 

Original Note 

SKYD: mid-day -- down 4% from the open, but doesn't amount to much. Previous blog on this merger, link here.

Pre-market, Tuesday, October 6, 2026 -- 7:05 a.m. CT:

Marvell is surging: for quick review, link here.

Why AMD will be the big winner from the rise of META's Muse. Link here. 

From Shay:

Muse runs continuously in the background. Do your part -- download the app.

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Disclaimer

Briefly: 

I am inappropriately exuberant about the Bakken and I am often well out front of my headlights. I am often appropriately accused of hyperbole when it comes to the Bakken.

I am inappropriately exuberant about the US economy and the US market.

I am also inappropriately exuberant about all things Apple.

See disclaimer. This is not an investment site. 

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. All my posts are done quickly: there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything.

If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 

Reminder: I am inappropriately exuberant about the Bakken, US economy, and the US market.

I am also inappropriately exuberant about all things Apple. 

And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. Nvidia is a metonym for AI and/or the sixth industrial revolution. 

I've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom. Now, I've added Amazon. And QCOM. Nothing on this site should be seen as recommendations for the general public. On the other hand, I have no problem if members of my extended family "see" recommendations I might be making - but only members of my extended family, limited to my children and my grandchildren.

Longer version here.

For Tuesday Morning -- Posted October 5, 2026

Locator: 51873B.

Headline: Belgian wins second-announced Nobel Prize. In fact, he is affiliated with the University of Wisconsin-Madison. 

Francis Halzen won the 2026 Nobel Prize in Physics for ""for decisive contributions to the IceCube Neutrino Observatory and the discovery of high-energy neutrinos of astrophysical origin." This won't exactly grab the attention of the mainstream media. 

RFK, Jr + Biden immigration = New York declaration of measles emergency. I wonder what the state does when the state declares a respiratory virus emergency? Masks? LOL. Universal vaccination? Link here. I have no dog in this fight; simply a spectator.

SKYD: it's official. PSKY traded down yesterday, closing at $9.78. 

It pays a dividend of a bit over 2%. I know nothing about the new leadership team -- including the two co-CEOs, but something tells me the team is not up to the task of managing this $111-billion media behemonth. Right now, it appears they are simply going to manage this corporation as one big holding company. That won't get me to move from Hulu to Skydance.

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Back to the Bakken
The NDIC Oil Map Is <100%

WTI: $87.74. Falling like a rock. 

New wells reporting:

• Wednesday, October 7, 2026: 11 for the month, 11 for the quarter, 510 for the year, 
• 42152, conf, Whiting, Toonie 5001 11-18 5B,
• 42151, conf, Whiting, Toonie 5001 11 18 4B,
• Tuesday, October 6, 2026: 9 for the month, 9 for the quarter, 508 for the year, 
• 42234, conf, Whiting, Cliffside 5103 41-7 6BX,
• 41912, conf, Devon, Scha 33-34 XN 1H, 

RBN Energy: how the Permian, Guyana and LNG are reshaping ExxonMobil's upstream portfolio. Link here. Archived.

Far from resting on its laurels after becoming the largest U.S.-based oil and gas producer through the 1999 merger of Exxon and Mobil, ExxonMobil has weathered multiple industry cycles to drive continual output growth. But the largest burst has been a major strategic transition that drove a 27% increase in output from 2020-25 to the highest level in 40 years. Today’s RBN blog analyzes how that transformation has unfolded since 2020, where ExxonMobil is investing today, and why the Permian, Guyana and LNG are increasingly defining the company’s upstream future.

At the turn of the century, the newly formed ExxonMobil inherited a broadly diverse global portfolio of upstream positions on six continents, including deepwater assets in the Gulf of Mexico and West Africa, large conventional fields in the Middle East, extensive Arctic and cold‑weather operations (later exemplified by Sakhalin‑1), and a broad global natural gas footprint that would eventually underpin LNG megaprojects in Qatar and Papua New Guinea. 

Now, 27 years after the merger, the company has shifted dramatically to concentrating production and capital around three advantaged platforms: the Permian Basin, Guyana and LNG. In 2025, those assets accounted for about 59% of ExxonMobil’s upstream production (combined blue, yellow and green slices in Figure 1 below), up sharply from just a year earlier, and the company expects that share to rise further by the end of the decade. At the same time, the geographic mix of spending has shifted decisively toward the U.S. and the Americas, while several legacy regions have become less important to growth. The result is an upstream portfolio that remains global in scale, but is becoming much more concentrated in a relatively small number of very large, low-cost assets.

AVGO -- Broadcom -- October 5, 2026

Locator: 51872AVGO.

See disclaimer. 

moomoo: link here. Incredibly bullish. How AVGO could be be worth $600 going forward.

Broadcom’s own multi-year guidance. Management projects that the company will generate $30 in earnings per share (EPS) by 2028. If the stock trades at a reasonable forward valuation of 20x (modest multiple for a high-margin technology leader) earnings on that $30 target the stock naturally reaches $600 per share. With a PEG ratio sitting at an extremely cheap ~0.5 relative to its expected growth rate, current prices heavily underestimate what Broadcom is projected to earn over the next few years. 

Current p/e - 46.

As an investment, how do most analysts see AVGO going forward?

See disclaimer.

Investing: in the Big Cap, Fortune 500, "Mag-7" arena, I have a handful of companies that really excite me. AVGO -- Broadcom -- is one of them. 

For a number of reasons, AVGO may excite me more than Apple (AAPL).

See disclaimer.

Link here. Link: https://share.google/aimode/zPL8BpNalMfbmuRHC. 

The Motley Fool, October 5, 2026 -- it just happened to be serendipity that I chose to do a stand-alone blog on AVGO today and Motley Fool published an analysis on the same company, the same day. 

Some suggest AVGO could double two years from today. 

See disclaimer.  

Another Stanford University Nobel Prize Winner -- October 5, 2026

Locator: 51871SCIENCE.

From the AP today, a new Stanford Nobel Prize winner:

STANFORD, California (AP) — Dr. Karl Deisseroth spent hours fielding congratulatory calls after learning early Monday that he had won a Nobel Prize for medicine for helping to open a new field of brain science called optogenetics.

But it wasn’t long before the California scientist asked for a break from all the attention for a more ordinary task: He needed to make school lunches for his children, who were asleep in the family home in Stanford, where their father had been speaking in the middle of the night with journalists and well-wishers.

Deisseroth, 54, shared this year’s medicine prize with two researchers in Germany for their work in optogenetics, a field that combines light with genes to switch on and off neurons in living brains.

A self-described night owl, the Howard Hughes Medical Institute investigator and Stanford University professor often works past midnight. After reviewing papers and emailing his students, he said he had just gone to lie down when he got the call from the Nobel Assembly in Stockholm. 

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The Book Page

The Thinking Machine, Jensen Huang, Nvidia, and The World's Most Coveted Microship, Stephen Witt, c. 2025 

This is where I track this book (sporadically): link here. I'm now starting Chapter 10 and the author is back to CUDA.

It reminds me why Nvidia is #1 and is going to be #1 for a long, long time. 

This might have been my first blog on Nvidia/CUDA: link here. 

Query: 

Early on, among PCs (and Apples), Microsoft / Intel were noted for their relative monopoly (Wintel Inside), which to great extent is still the operating system that pretty much leads the pack. 

Now fast forward. 

Nvidia is, of course, known for its GPU, but one might argue whether Nvidia is going to hold the advantage for a long, long time due to CUDA which has been embedded throughout the semiconductor revolution for decades by Nvidia. Is there an analogy there -- between the Microsoft operating system and Nvidia's CUDA system or is it just something I noticed that doesn't have any relevance?

Reply. Link here. Link: https://share.google/aimode/IWszA47PxLWQRi5s0. 

Never quit reading. 

Six New Permits; One Permit Renewed; Two Permits Canceled -- October 5, 2026

Locator: 51870B.

From AI today: GDP does not calculate "driving services" for cars you already own. Therefore, comparing new vehicle production (3% to 5%) to new housing construction (3% to 5%) provides a highly accurate, apples-to-apples comparison of America's two largest physical consumer goods manufacturing sectors. Of course, I assume that means somewhere between 90% and 90% of the GDP is represented by something other than new housing construction and new vehicle production.  

NASDAQ hit a new record today. The NASDAQ traded at 31,385.25.

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Back to the Bakken  

WTI: $89.43.

Active rigs: 35.

Six new permits, #43369 - #43374, inclusive --

• Operator: Oasis
• Field: Murphy Creek (Dunn County)
• Comments:
• Oasis has four Potter permits, and two Weasley permits; NESE 29-145-95, 
• to be sited 1606 / 1798 FSL and 1033 / 1170 FEL.

One permit renewed:

• 34097, Formentera Operations, Ranger 3328-3TFH, Divide County, Blooming Prairie oil field.

Two permits canceled:

• 42621 - 42622, KODA Resources, two Ale permits, Divide County. 

Note: in the daily activity report -- there is a typographical error -- as printed:

I think #43374 should be:

• 43374, loc, Oasis, Weasley 4595 33-29 3B, Murphy Creek.