Saturday, July 25, 2026

Sports Today -- July 25, 2026

Locator: 51260SPORTS.

NASCAR, of course. Brickyard 400 on Sunday, Indianapolis Motor Speedway. The junior varsity races today (Saturday) at 3:00 p.m. Central, and the Brickyard 400 will air at 1:00 p.m. Central tomorrow (Sunday). 

PGA, 3M Open: up until the 11th hole, third round, it looked like Scottie Scheffler was continuing to implode -- but all of a sudden he looks like he's on the move. He is 5-back but he has the rest of this round (seven holes) plus the final day tomorrow.  

I don't care what anyone says, the chatbots are a whole lot better than the old "search."

"You can howl at the wind, but AI is here to stay." 

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Somehow, Investing In Tech Makes No Sense -- July 25, 2026

Locator: 51259TECH.

Tag: tech valuations Micron Apple MU AAPL 

 
There are many, many stories that shortages of key chips are going to last a lot longer than expected (see "Trump in between Micron and Apple") and then these p/e's from the colorful chart below, as examples:

  • TSMC: 19
  • MU: 6

AMD is interestingly not shown in that colorful chart but from AI, a p/e of 30 to 45, for AMD, 2027, is suggested. That's about where AAPL is right now, and it's best performer among the Mag 7 in the past six months?


From Shay, link here:  


Link here (same as above, for Shay), it's a very, very long essay and well worth the read. If that link breaks/disappears, Shay's narrative without the links is here.

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Focus On Dividends -- July 25, 2026

Locator: 51258DIV.

Tag: Williams, WMB 

Before we get to the dividends, this just popped up at Barron's on WMB. Link here.  

Now, back to dividends. 

Link here. 

Wow, we haven't done this in a long time, updating dividend changes.

BNY: from 53 cents / share to 63 cents /share, record date, July 27, 2026.

AAPL: from 26 cents / share to 27 cents / share, record date, May 11, 2026. 

TTE: from 97.354 cents / share to 97.076 cents / share, record date, July 1, 2026 (currency-related?).

ENB: from 71.169 cents / share to 70.632 cents / share, record date, July 1, 2026 (currency-related?).

EPD: from 55 cents / share to 56 cents / share, record date, July 31, 2026.

DVN: from 24 cents / share to 32 cents / share, record date, June 15, 2026.

VNOM: from 52 cents / share to 68 cents / share, record date, May 14, 2026.

CNP: from 23 cents / share to 24 cents / share, record date, August 20, 2026.

TSM: from 74.179 cents / share to 74.207 cents / share, record date, June 11, 2026 (currently-related?).

CAT: from $1.51 / share to $1.63 / share, record date, July 20, 2026.

*********************************
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.  
    • Posted by at

    Initial Production Data For Wells Coming Off Confidential List This Next Week -- July 25, 2026

    Locator: 51257WELLS.

    The wells:

    • 42089, conf, Phoenix Operating, Big Stone 32-29-20 3H, Skabo, 
    DateOil RunsMCF Sold
    5-20262169912185
    4-20262308010179
    3-2026160930
    2-202688480
    • 42088, conf, Phoenix Operating, Big Stone 32-29 2H, Skabo, 
    DateOil RunsMCF Sold
    5-20261897712190
    4-2026201799620
    3-2026115790
    2-202668290
    • 42087, conf, Phoenix Operating, Big Stone 32-29-20 1H, Skabo, 
    DateOil RunsMCF Sold
    5-20261928311941
    4-20262381511073
    3-2026213110
    2-202679410
    • 42078, conf, Silver Hill Energy Operating, K&L Hegstad South W 158-92-10-22-1MBHX, Cottonwood, 
    DateOil RunsMCF Sold
    5-20261790911528
    4-20261779713039
    3-20262106013180
    2-2026173168615
    • 41275, conf, Oasis, Stepanek 5201 13-18 2B, Elk, 
    DateOil RunsMCF Sold
    5-202696468539
    4-20262176118085
    3-20262156617075
    2-20261913311608
    • 42108, conf, Formentera Operations, Bull Mountain-31-18-DIV S617HF, Frazier, npd,
    • 42020, conf, Murfin Drilling, LC Rambousek 1-10H, St Anthony,
    DateOil RunsMCF Sold
    5-202636862148
    4-202662113502
    3-202644332325
    2-2026106977367
    • 41435, conf, Whiting, Jefferson Federal 5003 42-14 5B, Foreman Butte, 
    DateOil RunsMCF Sold
    5-20262272417662
    4-20262543917646
    3-20262163817065
    2-20262039113859
    • 42107, conf, Formentera Operations, Bull Mountain-31-18-DIV S515HF, Frazier, npd,
    • 42106, conf, Formentera Operations, Bull Mountain-31-18-DIV S513HF, Frazier, npd, 
    • 41698, conf, Hess, SC-Bingeman-154-98-0904H-8, Truax, 
    DateOil RunsMCF Sold
    5-20261497545862
    4-20262010154537
    3-20262318848417
    2-20262374846334
    • 41440, conf, Whiting, Jefferson Federal 5003 42-14 10BX, Foreman Butte,
    DateOil RunsMCF Sold
    5-20262255917446
    4-20262440918257
    3-20262047115714
    2-20262039914162
    • 42105, conf, Formentera Operations, Bull Mountain-31-18-DIV S611HF,  Frazier, npd, 
    • 41382, conf, Oasis, Cyclone 5502 11-17 3B, Squires,
    DateOil RunsMCF Sold
    5-20262524219809
    4-20262437421239
    3-20261991315907
    2-20262089815341
    1-20262201993
    • 41381, conf, Oasis, Cyclone 5502 11-17 2B, Squires, 
    DateOil RunsMCF Sold
    5-20262309219014
    4-20262169517192
    3-20261795414299
    2-20261955514290
    1-20262050931
    • 42077, conf, Silver Hill Energy Operating, K&L Hegstad North W 158-92-3-27-MBHX, Cottonwood, 
    DateOil RunsMCF Sold
    5-2026119357209
    4-202690825107
    3-2026112596660
    2-20264324845
    1-202618940
    • 41538, conf, Devon Energy, Stallion 33-28 6H, Ragged Butte, 
    DateOil RunsMCF Sold
    5-20261522123605
    4-20262283827811
    3-20263174735703
    2-20262952028595
    1-20261616216983
    Posted by at

    Friday, July 24, 2026

    Tech Notes -- Update -- July 24, 2026

    Locator: 51256TECH.

    Trump: comes between Micron and Apple. Fascinating. Link here.  

    Trump: Trump calls them tariffs; the EU calls them fines. Link here. 

    Google: trending toward $1 billion / day in revenue for "search." Link here. The company just delivered one of the strongest quarters of the AI cycle with Cloud revenue growing 82% and operating margins reaching 36%.

    And that's it. 

    *****************************
    Enbridge

    One of my favorite stocks. I have had positions in ENB for as long as I can remember. 

    For one reason or another I was looking at ENB this evening -- I guess it had to do with its Canadian Sunrise project.  And then I stumbled on this Motley Fool article:  

    And one particular oil and gas pipeline name proves it. Better still, it could continue proving it to patient newcomers. That company is Enbridge(NYSE: ENB).

    I had those dividends automatically re-invested in Enbridge for many years, but now those quarterly payments have become so big they are being used for tech. 

    Having said that, Costco (COST) would have been a much better investment over the last 30 years, but this past year? ENB, over 20%; and, COST? Much more volatile and essentially flat (about 0%). The interesting thing? Right now, it looks like this may hold true for the next several years. 

    By the way, one could substitute BRKB for COST in the above note. 

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

    •  

    Posted by at
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