Monday, January 28, 2019

January 28, 2019, T+26 -- January 28, 2019

State of the Union address, 2019: original invite for tomorrow, Tuesday, January 29, 2019. President Pelosi has said she has not yet decided whether it will go on as scheduled. 

NPR: North Dakota grows into its ongoing oil boom. I'm sure I posted this earlier. But I happened to see it again last night. It was originally posted by NPR on November 23, 2018.
Reaching this point has had its challenges. Five years ago many in these rural oil fields were talking about rising crime, including prostitution and illegal drugs. Another complaint was traffic jams from all the pick-up and tanker trucks traveling back and forth to the thousands of new wells that were drilled.
But visit Watford City now and the subject of crime doesn't really come up. The town feels less frantic. After years of growing pains, the region has spent a lot of money upgrading infrastructure to accommodate the influx of people drawn by the oil boom. A bypass around town has eased traffic on the main street.
Cabot Oil & Gas, Michael Fitzsimmons. Link here.
  • Cabot will see a significant uptick in both volumes and realized pricing, now that the Atlantic Sunrise pipeline is online
  • Previous guidance for $200 million in FCF generation in Q4 (an estimated $0.46/share) is likely to be met (or exceeded) for a number of reasons
  • Long-term supply contracts to Cove Point LNG, as well as exclusive supply contracts with two electric power plants, have reduced risk
  • As a result, I [Fitzsimmons] increase my price target from $30 to $31. That implies a near 20% increase from Friday's close
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Notes to the Granddaughters

Getting ready for rock climbing. Sophia now has her own climbing shoes and her own harness. Rental is $10/session; buying outright: $50.

On another note, I missed this one. I ran across it looking for something else.

Your great-grandfather made the "world news."

https://article.wn.com/view/2018/05/24/Carl_Oksol_96/

2 comments:

  1. I always enjoyed and looked forward to talking with Carl. One of a kind.

    ReplyDelete
    Replies
    1. He was a character, that is for sure. Thank you for taking time to write. And a big "thank you" for talking with my dad; he always enjoyed his friends.

      Delete

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