Notes From All Over -- Early Afternoon Edition -- April 28, 2021

WTI: holy mackerel! $63.86.

• HES: up 8.6%
• DVN, bought WPX: up 8.51%
• APA: up 7.7%
• CLR: up 5.9%
• PXD, bought Parsley, DoublePoint Energy: up 4%
  
• COP, bought Concho: up 3.65%
• MNRL: up 3.5%
• CVX: up 3%
• XOM: up 3%
  
• OKE: up 2%; up $1.22; whoo-hoo.
  
• EPD: up 1.1%
• SRE: down 0.3%; not surprising;
  

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. 

Elsewhere; Earlier I wrote, re-posting:

GOOG: smashes sales records. The "big story": Google owns YouTube. Some factoids and data points:

• YouTube has no -- repeat, YouTube has no -- competitor (if you doubt me, tell me its "straight up" competitor)
• in 2019, YouTube generated over $15 billion in revenues from advertising alone
• YouTube is now owned by Alphabet (GOOG); Alphabet's deep pockets can take YouTube "to infinity and beyond"
• YouTube is becoming a VOD streaming service that will compete / is competing with Hulu, Roku, etc.
• when deciding which streaming service to go, May and I had four choices: Hulu, Netflix, Roku, and YouTube
• I was leaning toward YouTube; May wanted Hulu
• we have Hulu -- for a whole lot less than what Spectrum was costing us
  
• YouTube is now the fastest growing segment of Alphabet
• this makes it easy to see how Congress cold break up these big tech companies; see next entry

Early afternoon, April 28, 2021:

• GOOG is up $105; up almost 5%; trading at $2,441, dropping back a bit after hitting a 52-week high; pays no dividend;

********************************
Tesla

I'm getting a kick out of all the "whining" and hand-wringing on CNBC and on social media, about Tesla "making more money selling bitcoin and / or regulatory credits than they do selling cars." Well, who cares? This is the thing. Investors and CEOs need to know what "business" they are investing in and/or running, respectively.

If you don't like the fact that Tesla is making more money selling bitcoin and / or regulatory credits, then move on. There's only a gazillion other publicly traded companies one can consider.

For example, I've maintained for quite some time that Apple, Inc., is in the "fashion" business. That's why they hired that former Burberry CEO some time ago (before quickly moving on). Apple sells hardware; they sell software; but at the end of the day, it's all about "fashion" and "marketing." If not, they might as well be selling Dell / Lenovo / HP two-inch-thick laptops. LOL.

Sure, long time, that might not be a great business model .... selling bitcoin and regulatory credits. But that "buys" Tesla time, doesn't it? I don't know. But in the short term, I really don't care how Tesla makes its money. That's better than the alternative isn't it? 

Rhetorical questions. Please don't reply. 

As recently as last March, 2020, one could have bought TSLA for $80. Today? $700/share.

Okay. 

One almost things those folks whining Tesla are:
kicking themselves for not buying Tesla last March, 2020; and, or,
shorting the stock. 

As for me, I don't care how companies make their money, as long as they make money (and it's legal and "relatively" moral).