'Tis The Season For Dividend Increases -- May 2, 2019

Wow, looking at the past few days of dividend announcements -- lots and lots of "increases," albeit some are very, very small.

Link to WJS here.

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

Jobs: weekly initial unemployment claims -- link here -- 

• prior: 230,000
• forecast: 215,000
• actual: 230,000 (unchanged from last week)

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Back to the Bakken

A huge "thank you" to a reader for his response to my Bakken exuberance yesterday. His reply:

It might be interesting to observe what - if any - feedback arises from your seemingly preposterous comment regarding the Shale Revolution having 10 times the impact than heretofore surmised.

You are absolutely correct, of course, even in the narrow confines of actual hydrocarbon recovery. 

The initial 3% to 5 %  primary recovery in the best areas is now at the ape 20% threshold.

The latest iterations in completion practices are focusing on so called Extreme Limited Entry perforating which essentially allows MUCH higher levels of reservoir stimulation in a more precise fashion and - as a bonus - somewhat lower cost.

The amount of available hydrocarbons now accessible to markets has explosively increased. 

This encompasses not merely tier 2 and 3 rock in current plays, it extends production to shale plays not yet targeted both here and abroad.

These developments are easily amongst the biggest 'events' to have occurred in our lifetimes.

The reader is so correct. I completely missed that -- at 20% primary recovery, we are already well beyond the "10x" the impact I mentioned in my note. But, it really will be amazing if the Permian turns out to be half as good as people suspect.