Tuesday, April 20, 2021

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.

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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
4/20/202104/20/202004/20/201904/20/201804/20/2017
Active Rigs1532635949


No new permits
.

Three producing wells (DUCs) reported as completed:

2 comments:

  1. In regards to the DAPL,

    In hindsight it sure would have been a lot simpler to run a new line from Beaver Lodge south of Tioga down the east side of the Missouri River to where it crosses now and tie in then abandon the river crossing north to the reservation and reverse the flow to Beaver Lodge.

    I bet it would have been cheap compared to the money spent to cross the river just north of "The Rock" and keep it open.

    ReplyDelete
    Replies
    1. Agree completely. One wonders, in hindsight, what they were seeking. Are pipeline companies, by nature, self-loathing entities?

      Delete

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