You Can Howl At The Wind, But AI Is Here To Stay -- Palantir -- Monday, August 3, 2026

Locator: 51315PLTR.

Palantir: earning results were amazing. PLTR's Rule of 40 score is now 155. Holy mackerel. I haven't followed PLTR at all but I bought some "on a lark," as they say, and to have some money in the game. Palantir is turning out to be the most exciting of them all. "The ring to control all rings." Palantir absolutely "destroyed" all their earnings:

• revenue $1.94B vs Est. $1.81B
• EPS $0.41 vs Est. $0.35
• US Commercial: $764M vs Est. $716M (+149% YoY)
• U.S. commercial remaining deal value: $6.2B (+124% YoY) FY26 Guidance
• revenue $8.16B vs Est. $7.73B
• operating Income $4.9B vs Est. $4.5B  
• CRAMER: Palantir posts blowout Q2 numbers, with U.S. commercial revenue soaring nearly 150%. 

More Palantir:

 

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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.

Longer version here.  

Lana Del Rey -- When She's Good -- She's Great -- A Masterpiece -- August 3, 2026

Locator: 51314MUSIC.

Link here. 

Be sure to read the comments.

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The Book Page

Hammett: Complete Novels -- Red Harvest, The Dain Curse, The Maltese Falcon, The Glass Key, The Thin Man.

We all knew he did The Maltese Falcon; I did not know he also the The Thin Man. 

The Maltese Falcon went into the public domain today. 

Watch for the cheap Barnes and Noble knockoff. 

From the jacket, "In a few years of extraordinary creative energy, Dashiell Hammett invented the modern American crime model."

He served in both WWI and WWII as a US Army sergeant.  

Four New Permits, Six Permits Renewed, Five DUCs Reported As Completed -- August 3, 2026

Locator: 51313B.

Someone's lying and a bit "lost in translation -- 

• Trump: the war plan is "locked and loaded." But the "perimeters of the deal" have been settled, so the pause in hostilities will cease.
• Saudi: the sides are talking. Give peace a chance.
• Iran: we didn't talk to the US. We're only negotiating with Oman over control of the strait. 
• IRGC: the strait is still under our control. Oman is a side show.
• CENTCOM: the US Navy has control of the strait

GLW and CAT corroborate that this is not a bubble.  

Williams (WMB) clinches $5.5B momentum midstream deal to dominate Haynesville-to-LNG corridor. The LNG corridor is to the Gulf coast or more specifically perhaps to Cheniere. 

Headlines suggest the usual budget-government shutdown won't happen this year.  

For peace breaking out in the Mideast, this was surprising: WTI is now "in the green" for the day. 

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Back to the Bakken

Posted today: results of Kraken's Sarah wells in eastern Montana were posted today -- link here.

WTI: $80.34.

Active rigs: 28.

Four new permits, #43180 - #43183, inclusive:

• Operator: Phoenix Opering
• Field: Charlie Bob, McKenzie County
• Comments:
• Phoenix Operating has permits for four Setter Fed wells, NWNE 22-145-98, 
• to be sited 624 / 699 FNL and 1560 FEL.

Six permits renewed:

• BR: three Kirklandfill permits and three Morganfill permits, all in Pershing oil field, McKenzie County.

Five DUCs reported as completed:

• 41957, 1,886, Kraken, McCabe
• 41958, 1,766, Kraken, McCabe
• 42416, 1094, Kraken, Emerson
• 42417, 594, Kraken, Emerson
• 42418, 602 , Kraken, Emerson

*********************************
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.

Longer version here.  

 

How In The World -- With Regarding To Investing, This Is The World's GOAT -- August 3, 2026

Locator: 51312THEGOAT.

At the close or near the close:

 

BRK-B at the close, screenshot taken at same time as above screenshot. 

Everybody Knows This Is A Reposting -- August 3, 2026

Locator: 51311MIDEAST.
Pageviews: 74,000,182. 4:00 p.m. CT, August 3, 2026. 

I'm truly getting tired of this sh*t. 

August 3, 2026: link here. 

August 3, 2026: Lyin' eyes. Maybe. Later.

August 3, 2026: link here. No song could be more apt.  

August 3, 2026: 

 Fool me once, shame on you. Fool me a half dozen times, shame on my staff.

Link here. 

Updates

• 8:20 p.m. 2 August 26: link here --  
  
  
  
  
  
• 7:56 p.m. 2 August 26: link here -  
  
  
  
  
  
• 4:06 p.m. 2 August 26: it's becoming clear that the most recent deal is very, very unlikely to hold. Reasons:
• the Iranian government and the IGRC have both said that Iran did not agree to what Trump said in his Truth Social tweet; if true, and it likely is, Trump was snookered again, but had little choice after that phone call from Saudi Arabia
• Iran says they are now negotiating with Iran to determine new routes
• they are not negotiating with the Allies to give up control of the strait 
• the big question: why did Iran invite Oman in? It bought time for Iran. 
• it appears the new deal between Iran and Oman:
• Iran will control who enters the Gulf; 
• Oman will control who departs; 
•  Iran will never negotiate the end of their control over the strait
• this is the only chance Iran may ever have to defeat "the Great Satan." 
• if that happens, the root cause: Trump's vacillating
• if that happens, the immediate cause: lack of armaments, poor planning on Hegseth's part;
• shared responsibility: Trump's opponents 

3:45 a.m. 2 August 26: overnight notes on x suggest that President Trump "caved" to Crown Prince MBS of Saudi Arabia to hold off on massive strikes. Those sources suggest that Saudi Arabia would have been the main target of Iran if the massive strikes had proceeded. If that is accurate, President Trump is a) being played by negotiators in the Mideast; and/or b) he is giving Iran yet another reprieve, again at the request of Saudi Arabia. Obviously, this time one assumes President Trump is keeping the blockade on Iran in place. This will be fascinating to watch, to see if the strait is completely opened without conditions. 

Original Post 

So, let's see how many attacks by the IRGC will the administration let go over the next 72 hours.

This does not seem to be a headline story over at The NYT.  Fox News is reporting it. Trump says we're "locked and loaded." At one time we were locked, loaded, and launched. I don't see any headlines over at The Washington Post either.