No New Permits -- April 20, 2021

Covid-19: our school district -- elementary, middle school, and high school -- is fairly large. The three principals e-mail all those with a stake in the district every time there's a student or staff member, on-campus or off-campus, who tests positive for the virus, completely anonymous, of course. 

But highly targeted contact tracing and notification follow. Earlier during the year we were averaging, I suppose, one notification each from at least two of the schools every four or five days. Recently, it seems we have gone almost a month with no notifications. Today, we finally got the first notification in a long time: a second-grader tested positive. The student had last been on campus April 10, about ten days ago.

All three of our granddaughters continue remain-at-home schooling. Sophia will not see the inside of her school during her entire first grade.

Conned: Foxconn shrinks plans for Wisconsin plant. Talk about an understatement for a headline! The original "promise": $10 billion investment by Foxconn. Where it stands now: $672 million. Link at WSJ. 

Foxconn, the world’s biggest electronics contract manufacturer, now plans to invest as much as $672 million and create 1,454 jobs by the year 2025 to qualify for $80 million in incentives, according to the contract.

What happened? Foxconn, a supplier of screens for Apple, Inc, has previously said fast-changing LCD technology complicated plans in Wisconsin. In a recent report, Foxconn said the project was also slowed by “cultural assimilation, changing business demands, tariffs, a pandemic, and a presidential election year.”

It's always the first thing in a long list of things that is most important.

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. 

Best utility stocks for 2021, link to Investopedia, April 20, 2021, link here:

• best value utilities stocks
• Sempra Energy
• Vistra Corp
• UGI Corp
• fastest growing utilities stocks
• Essential Utilities
• Edison International
• American Electric Power Company
• utilities stocks with most momentum
• The AES Corp
• UGI Corp
• CenterPoint Energy
• Russell 1000
• Utilities Select Sector SPDR ETF

Netflix: 1Q21 earnings report -- huge miss.

• revenue: $7.16 billion vs $7.14 forecast;
• EPS: $3.75 vs $2.98 forecast
• paid subscriber additions (PSA): 3.98 million vs 6.29 million expected

A reader sent me the earnings link above. My not ready-for-prime-time reply:

Yes, I was thinking about that today while watching the Apple Special Event.

Disney, Apple, Hulu, Netflix, Roku —- just to name a few of the hundreds. Netflix had their day. I think Apple is making the same mistake. 

I lost interest in the Apple Special Event when Tim Cook started into television / movie content promos. Give me a break. It seemed very, very infantile. And he started those promos early in the special event.  

After the "My Find" AirTags segment the rest of the "special event" went quickly downhill.

Back to Netflix. Hard to make sense of this. Revenue beat estimates by a tad, but look at the earnings beat. The company must be doing something right. Whatever.

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Back to the Bakken

DAPL: if, in fact, "they" made a conscious decision, that is verifiable with an impeccable audit trail, to "locate" the pipeline south of Bismarck for the very reasons stated by the opposition, this becomes a very difficult pill to swallow.  [Later: I'm clearly wrong on this. I never should have written this, but it did generate a great explanation. See this post. Again, I was very, very, very wrong regarding this note.]

Legacy Fund deposits for March, 2021, posted April 20, 2021, link here:

• April 20, 2021: $38,551,304.08

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Back to the Bakken
Active rigs:

$62.61	4/20/2021	04/20/2020	04/20/2019	04/20/2018	04/20/2017
Active Rigs	15	32	63	59	49

No new permits.

Three producing wells (DUCs) reported as completed:

• 34628, SI/A, Whiting, Tarpon Federal 34-20-2TFH, Sand Creek, first production, 2/21; t--; cum 29K over 19 days; Tarpon Federal wells are tracked here;
  
• 34627, SI/A, Whiting, Tarpon Federal 34-20TFHU, Sand Creek, first production, 2/21; t--; cum 16K over 12 days; Tarpon Federal wells are tracked here;
• 34629, SI/A, Whiting, Tarpon Federal 34-20-2H, Sand Creek, first production, 2/21; t--; cum 34K over 18 days; Tarpon Federal wells are tracked here;