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Wednesday, November 20, 2019

Notes From All Over, Part 1 -- November 20, 2019

US shale rocks! US shale will keep breaking records -- oilprice

Europe, not dead yet. European car sales up almost 9% in October, 2019.

California to Texas migration continues. Apple starts construction on its $1-billion Austin campus.

Mark Perry talked about this years ago. Do we have another nominee for the Geico Rock Award? Jimmy Sengenberger enlightens us: how US student debt became such a big issue.

9:24 a.m. CT: daily activity report from yesterday still not posted. 

Graphic panic. This is a keeper. Warren Buffett probably has a copy hanging in his bedroom. Screenshot to follow.


End of an era. Re-posting. From Bloomberg via Rigzone --
California is one step away from banning drilling for oil in their state. Meanwhile, the state has commissioned a multi-million dollar study to find out why gasoline prices are so high (a study that is undertaken every several years, usually when a new governor takes office). I find the whole thing fascinating, if not bizarre.


Big plans: COP unveils its 10-year operational plan. From Rigzone.
  • average annual CAPEX: less than $7 billion
  • free cash flow of $50 billion
  • anticipates annual production growth of three percent
  • plans to seel 25% of its Alaska assets
  • question: do they hold any "dead" assets in California; most likely
Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

4% is not nearly enough. From Rigzone, update on Encana's proposed plan to flee Canada --
  • one of its largest investors will vote against the producer's plan to moves its headquarters to the US
  • this is the "Ovintiv" story -- previously posted
  • moving to Denver, CO, if I recall correctly
  • Canada has declared itself a "no-growth" country 
Only one piece missing: names of speakers. LOL. 

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