Monday, December 25, 2017

The Market And Energy Page, T+338 -- December 25, 2017

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

EPD: from Motley Fool, December 24, 2017 -- three companies that skew toward the lower end of the risk spectrum; one of them: EPD --
... stable assets support about 92% of the company's earnings, which has helped Enterprise continue generating relatively steady cash flow when times get tough.
That cash flow stability enables Enterprise Products Partners to pay a growing cash distribution to investors, which currently yields 6.4%.
Adding further support to that payout is that Enterprise covers it with cash flow by a comfortable 1.2 times, and it has a top-tier balance sheet, including one of the highest credit ratings in the industry.
While the company's metrics put its payout on rock-solid ground, Enterprise recently announced plans to further strengthen its financial situation by growing its distribution at a slower pace next year so it can widen its already conservative coverage ratio and generate more cash to fund expansion projects.
One-time $12 billion science project: world's largest-ever vessel is all set to go in 2018
  • the Prelude is now stationed over a gas field off the north coast of Western Australia
  • it should produce enough natural gas to power a city the size of Hong Kong
  • the vessel is almost one-third of a mile long with a deck longer than four soccer fields 
  • construction on Shell's huge floating liquefied natural gas (FLNG) structure began in 2012 and was finished in July by Samsung's Heavy Industries in South Korea, before being towed to Australia
  • in 2016, Shell itself decided not to pursue a further three FLNG projects with Samsung
  • fully operational, Shell says it will harvest at least 5.3 million tons per annum (mtpa) of liquids — 3.6 mtpa of LNG, 1.3 mtpa of condensate and 0.4 mtpa of liquefied petroleum gas
  • Shell has never disclosed how much the vessel will cost, but industry analysts told Reuters that its price would sit between $10.8 billion and $12.6 billion 
Only In America

The Daily Note

The XX Days of The Schumer Shut Down
Days 1 -  X -- this page

The Last 65 Days Of His First Term
Days 331 - 365
Days 301 - 330

The Trump Presidency (201 - 300)
The Third 100 Days
The Second 30 Days 
The First 30 Days

Between Election And Inauguration (1 - 100)
The Third 10 Days

January 21, 2018, T+1: first full day of the government shutdown, as of midnight, ten hours ago.

January 21, 2018, T+365: a full year in office. To the day -- a full 365 days. See this post.

January 20, 2018, T+364: day one of the (partial) government shutdown. Washington hotels and restaurants will be the first to feel the pain. Commuters will love the wide open roads in and out of DC.

January 19, 2018, T+363: one day closer to a (partial) government shutdown.

January 18, 2018, T+362: one day closer to a (partial) government shutdown.

January 17, 2018, T+361: one day closer to a (partial) government shutdown.

January 16, 2018, T+360: quiet. 

January 15, 2018, T+359: quiet.

January 14, 2018, T+358: quiet.

January 13, 2018, T+357: "Where's that Bill Cosby pill I brought with me?" -- Chris Matthews.

January 12, 2018, T+356: Trump questions why immigrants come from shithole countries and the mainstream media goes wild. Wait until he drops the "F-bomb" -- like Joe Biden did some years ago, and did so on more than one occasion.

January 11, 2018, T+355: add Walmart to the list that is rewarding its employees with increased hourly wages; one-time bonuses; increased paternity/maternity leave citing the Trump tax bill.

January 10, 2018, T+354: Trump opposition: if one has a speech defect -- such as slurred speech --  or I suppose, stuttering -- indicates mental deficiency. Wow.

January 9, 2018, T+353: market soars on news that Donald Trump is still president.

January 8, 2018, T+352: NBC endorses Oprah for president of the US, 2020. Meanwhile:

January 7, 2018, T+351: quiet.

January 6, 2018, T+350: quiet.

January 5, 2018, T+349: CNBC actually says the jobs report is a good report today. Unemployment remains stable at 4.1%; African-American unemployment at lowest rate since BLS started keeping records back in 1972. President Trump makes good on another promise:

January 4, 2018, T+348:

January 3, 2018, T+347: Iran imploding? NOKO willing to talk to SOKO directly. Will suspend military exercises during Winter Olympics. I can't imagine this happened in a vacuum.

January 2, 2018, T+346: Nasdaq surges; other markets up nicely. Al Franken quietly resigns in letter of resignation. No speech. Swan song long forgotten.

January 1, 2018, T+345: quiet.

December 31, 2017, T+344: Iran imploding? Trump golfing? Hillary resisting? Obama chilling? Pence pensive? CNN obsessing about a white van?

December 30, 2017, T+343: I sure hope President Trump is golfing: a) drives the alt-left nuts; b) white privilege; and, c) keeps him from tweeting. LOL.

December 29, 2017, T+342: CNN fascinated for three days now by a "white truck" obstructing their view of President Trump golfing. It's gotten so bad, the other networks are parodying their coverage. Some noted that while CNN is fascinated by a white truck obstructing their view, CNN never seemed concerned about Bill Clinton's plane parked on the tarmac along with the plane of the US attorney general when Hillary was being investigated by the FBI during the campaign. Just saying.

December 28, 2017, T+341: Chicago PMI at six-and-a-half-year high. 67.6 vs 62.5 consensus. Stock market to close at 71st record high for the NYSE -- this has never happened before.

December 27, 2017, T+340: has Al Franken resigned yet? This is the longest "resignation" in history. He will hold out to the last minute to qualify for full senate retirement pay and benefits.

December 26, 2017, T+339: on a "no-news" day, WTI jumps over $59.

December 25, 2017, T+338: Merry Christmas. Trump gets standing ovation at / in church. "Merry Christmas" is now coming back into vogue, some are saying. US announces $285 million cut in UN operating budget.

December 24, 2017, T+337: quiet.

December 23, 2017, T+336: quiet.

December 22, 2017, T+335: President Trump signs the tax bill. He notes that President Truman holds the all-time record for most legislation passed in one year ... until now. President Trump now holds that record. I did not know that; the media has not mentioned that once.

December 21, 2017, T+334: government shut-down next deadline. GOP votes to keep government open; Democrats wanted to shut down the government.

December 20, 2017, T+333: biggest tax bill in 36 years passed.

December 19, 2017, T+332: it looks like both the US House and the US Senate could vote on the tax bill today.

December 18, 2017, T+331: equity market futures surge on likelihood that GOP tax bill will pass this week.

Wells Coming Off The Confidential List This Next Week -- December 25, 2017

Monday, January 1, 2018: 1 for the month; 1 for the quarter
33595, conf, Resonance Exploration, Resonance Ballantyne 16-19H, Westhope, producing, albeit small;

Sunday, December 31, 2017: 90 for the month; 200 for the quarter

Saturday, December 30, 2017: 90 for the month; 200 for the quarter
31634, conf, Oasis, Lawlar N 5199 42-23 7T,  North Tobacco Garden, 30K in first full month;
30736, conf, Whiting, Privratsky 44-21PHU, Bell, producing, a nice well;

Friday, December 29, 2017: 88 for the month; 198 for the quarter

Thursday, December 28, 2017: 88 for the month; 198 for the quarter

Wednesday, December 27, 2017: 88 for the month; 198 for the quarter
33596, SI/NC, Petro-Hunt, Hurinenko 144-98-11D-2-1H, Little Knife, no production data,
32882, 614, Liberty Resourcess, Nelson 158-95-20-3MBH, McGregor, 13 stages, 3.3 million lbs, t7/17; cum 33K 11/17;
30279, 472, Lime Rock, Kenneth Stroh 6-12-1H-143-97L, Cabernet, 4 sections, 50 stages, 6 million lbs, t7/17; cum 64K 10/17;
30096, 1,543, CRL, Charleston 4-22H1, Brooklyn, 4 sections, Three Forks, 59 stages, 6 million lbs, t8/17; cum 85K 10/17;
30095, 2,043, CLR, Charleston 5-22H, Brooklyn, 4 sections, 59 stages; 9.2 million lbs, t8/17; cum 105K 10/17;

Tuesday, December 26, 2017: 83 for the month; 193 for the quarter
32879, 496, Liberty Resources, Nelson 158-95-20-3TFH, McGregor, 13 stages, 3.3 million lbs, t6/17; cum 22K 11/17;
31610, SI/NC, BR, HE 5-8-20UTFH, Eliday, no production data,

Monday, December 25, 2017: 81 for the month; 191 for the quarter
33289, dry, Armstrong, Hanson 33-43, Newporte, Cambro/Ordovician, see this post
32517, SI/NC, MRO, Ryan 42-5TFH, Lost Bridge, no production data,

Sunday, December 24, 2017: 79 for the month; 189 for the quarter
32880, 376, Liberty Resources, Nelson 158-95-20-2MBH, McGregor, 13 stages, 3.3 million lbs, t6/17; cum 20K 11/17;
27354, 606, Oasis, Cook 5300 12-13 9T, Willow Creek. 48 stages, 6 million lbs, small/large, coated, t7/17; cum 67K 10/17;
24696, SI/NC, Zavanna, Usher 28-21 1H, Poe, no production data,
9995, A, Whiting, Dore 3-10X, sundry form, dated May 22, 2017, says this is a re-completion of the Madison. Proposed completion intervals include the Madison Unconventional, Fryburg/C2/Sherwood; perforation interval of interest: 9277 -9294 MD; 9297-9309 MD; 9328-9354 MD; and, 9442-9449 MD; this well is located in McKenzie County just to the east of the city of Fairview; about 1/4 mile from the Yellowstone River; the Red River last produced 9/96; the Duperow last produced 2/17; Red River (now PNA), cum 317K; Duperow (now PNA); cum 129K; Madison now producing small amount of oil

Saturday, December 23, 2017: 75 for the month; 185 for the quarter
32881, 63, Liberty Resources, Nelson 158-95-20-2TFH, McGregor, 13 stages; 3.3 million lbs, t6/17; cum 14K 11/17;
32518, SI/NC, MRO, Struthers USA 41-5H, Lost Bridge, no production data,
31846, 1,389, CLR, Bridger 8-14H, Rattlesnake Point, 39 stages, 14.3 million lbs, t8/17; cum 77K 10/17;