Updates
May 5, 2018: translations, huge thanks to a reader
- you bet your sweet bippy
- vous pariez votre douce bippy
- apuesta tu dulce bippy
Original Post
Trans Mountain update today? "You bet your sweet bippy."
Waiting for the French translation.
“We couldn’t get Northern Gateway done. We couldn’t get Energy East
done. We couldn’t get Petronas LNG done, and we are on the verge of not
getting Trans Mountain done,” Black said. He noted Ontario imports gas
from the United States: “we look like fools.”
Comment: they might be able to add Enbridge Line 3 to the list; and, of course, he forgot the Keystone XL.
Jobs --
ADP employment report -- stunning
- unemployment remains at 4.1% and yet the number of jobs keeps increasing
- experts suggest that at a flat unemployment of 4.1%, the maximum increase in payrolls is ... 80,000; maybe, 90,000
- and, here we are again, for the fifth month in a row, with job gains in the 200,000 range
- April, 2018: 204,000 against a consensus of 190,000
- one word: wow
- even Steve Liesman on CNBC is starting to wonder if he's missing something
- the Obama apologist on CNBC was speechless
QEP:
loss wider than expected.
EPD: 2018
growth could be larger than originally planned --
Motley Fool.
NFX (Newfield):
earnings and revenues beat estimates.
CHK:
earnings beat; revenue miss.
ONEOK (OKE):
earnings beat; revenues lag.
Energy sector earnings, 1Q18: the first quarter 2018 is the first quarter in many years to be able to compare operators when the cycle starts to turn to the upside; it looks like some operators did very, very well; others, not so well.
Disclaimer: this is not an investment site. Do not make any
investment, financial, job, travel, or relationship decisions based on
what you read here or what you think you may have read here. If this is
important to you, go to the source.
Disclaimer: I make a lot of simple arithmetic errors. I often see
things that do not exist; I read quickly and miss important points.
Sometimes it takes me days (maybe even weeks) to see where I was wrong.
AAPL: from a reader ...
Apple will buyback $100 billion in AAPL shares this year. At $175 per
share that would equal 12% of the 5 billion shares. This would buy back
approximately 588,000,000 shares.
I
don't think many people understand the enormity of a $100bBillion stock
buy back. Many, many Fortune 500 companies do not have 588 million
shares outstanding worth $100 billion.
Comment: yes. so many story lines being missed by analyst. I guess they just assume "everyone" knows this stuff. Or they simply realize that no one can really get their arms around these numbers.
Comment, later: the biggest story line -- Warren Buffett buys another 75 million shares of AAPL (or something like that). He now owns about $42 billion worth of AAPL (today's market price) and $0 of IBM.
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Back to the Bakken
Where Fracking Is Not A Four-Letter Word
Active rigs:
| $67.43→ | 5/2/2018 | 05/02/2017 | 05/02/2016 | 05/02/2015 | 05/02/2014 |
|---|
| Active Rigs | 60 | 49 | 29 | 86 | 186 |
RBN Energy:
rig count roars back, and production gains keep truckin'.
For a month now, the number of active drilling rigs in the U.S. has
topped 1,000, the first time that’s happened since the spring of 2015,
when the rig count was in the midst of a frightening tailspin — it fell
from more than 1,900 in November 2014 to only 400 in May 2016. What a
long, strange trip it’s been, not just for the rig-count total but for
gains producers have seen in drilling productivity and in crude oil and
natural gas production per well. Exploration and production companies
are doing far more with less, trimming costs and increasing returns in
the Permian, the Marcellus/Utica and other key production basins to
levels few would have thought possible a few years ago. Today, we review
the key changes we’ve seen in drilling productivity, and what they mean
for U.S. E&Ps and midstream companies and the rig count going
forward.
