- non-GAAP EPS, 8 cents, misses by 4 cents
- GAAP EPS, 20 cents, beats by 8 cents
- revenue of $546.5 million, beats by $92.98 million -- that's a fairly hefty beat
- production: 65,900 bopd; 27% increase yoy
- oil cut of 77%
- lowered loe/bbl by over 17% yoy to $6.18/boe
- 24.4 net operated wells in the Williston Basin
- 2.0 net operated wells in the Delaware Basin
- for 2018, expectation:
- Williston Basin: 110 gross operated wells
- Permian: 6 - 8 gross operated wells
- confirms acquisition of 1,600 net acres in the Permian for $20,000 / net acre
- CEO says he was happy.
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Will Wonders Never Cease?
My wife is visiting our younger daughter in Portland, OR, this week which means I have increased driving responsibility picking up, taking multiple folks to and from school this week. I enjoy it. I get to see the granddaughters.
So, here I am -- parked in a bus loading and unloading zone out in the middle of nowhere -- sort of in an industrial part of town, mixed with some residential apartment complexes, and a water tower. There is nothing to suggest there is any wi-fi here so I brought plenty of reading material.
Lo and behold, "CableWiFi" of unknown origin, but it's fast and no password. Maybe someone is using it to hack into computers. Whatever.
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Trump Wins Again?
Am I reading this correctly? Succinctly:
- Obama established net neutrality rules
- Trump overturned those rules a year ago
- we've had the Trump "net" rules for the past year (the US is still thriving)
- the Supreme Court won't get involved
I'm a "big" investor in telecom. I have a dog in this fight. But I don't know which dog is mine. So: no comment.
Okay, so these comments:
- Obama-era "net neutrality" regulations that barred internet service providers from giving certain customers preferential treatment: socialism
- Trump-era regulations: free-market capitalism
Regardless: the US Supreme Court is charting the right course on this one. If it's that big a deal, Congress needs to enact veto-proof laws.
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The Literature Page
The other day a reader recommended an anthology edited by Tom Wolfe, The New Journalism, c. 1973. I ordered it sight unseen and received it today. I love it. At least at first glance it looks wonderful.
Soft cover; well used but no markings in it. Looks like it might have been one of 45 copies in some college journalism course room and this copy was seldom, if ever, really used. It's soft and has the feel of having been opened many times but no markings.
There are four opening introductory chapters -- the kind I always like in these anthologies.
And then twenty-three (23) selections, from about 20 different journalists, including Tom Wolfe, of course; Hunter S Thompson (two selections); Norman Mailer; Joan Didion; George Plimpton; Gay Talese, Rex Reed; and, Truman Capote.
It would be great for a trans-Atlantic flight. It's too short for a trans-Pacific flight; for the latter one needs to read the bible. Or is the Bible?
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