Notes From All Over -- The "Nosebleed" Edition -- July 8, 2020

Graphic of the decade, link here:

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.

How high can TSLA go? Well, apparently higher. It's trading above $1400 in early morning trading, adding another $10, or about three-quarters of a percent.

APPL? up almost 2%; adds another $6/share to trade at $379. Next stop: $400? At least some are saying that.

Others:

• IMUX: down a bit
• D: down a bit, but essentially flat

Cleaning out the in-box:

Save the date: Disney World still set to re-open this Saturday, July 11, 2020. 

Exodus:

"Exodus" from major US cities will continue for next two years; much of this is "geographic smoke and mirrors"; here in the DFW area, folks might "move" from Dallas but they are simply moving up the road to suburbs along Texas Highway 75 -- McKinney, Plano, Frisco, all the way to the Oklahoma state line; big deal;

Peak oil? What peak oil? 

Equinor makes another significant North Sea discovery; link here.

Equinor ASA revealed Wednesday that it has discovered gas and condensate in exploration well 30/2-5 S Atlantis, which is situated by the Kvitebjorn field in the Norwegian section of the North Sea.

The proven reserves of the find are estimated to be between 19 and 63 million barrels of oil equivalent, according to Equinor. 

PEMEX: really, really, broke. Now asking to pay creditors with IOUs. Link here.

Petroleos Mexicanos’s nearly $105 billion in debt already makes it the biggest borrower of any oil company in the world. And it’s accruing more.

Pemex, as the Mexican state oil company is known, is asking some of its contractors if they can wait until next year to be paid money that is owed to them now ...

Three contractors that are being asked to defer payment are waiting on $115 million in payouts ... could easily total billions of dollars.

According to the people, contractors enter their invoices on Pemex’s website and receive a confirmation number and an estimated time of payment. The invoice number, known as “Copade,” is no longer being issued in some cases.

West Coast LNG export terminal approved by US DOE, link here:

The U.S. Department of Energy issued a final long-term order to authorize exports of liquefied natural gas (LNG) from a project in Oregon that they expect will help the U.S. sell gas to the fastest-growing import market, Asia.

The U.S. Department of Energy authorized exports of up to 1.08 billion cubic feet per day of natural gas from the proposed Jordan Cove LNG Terminal in Coos Bay, Oregon, owned by Canada’s Pembina Pipeline Corporation. This is about 20 million boepd.

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