Does it matter? Even those with the most inside information can't always call the market lows. Bloomberg, which seems to delight in such stories, especially when it concerns oil, and even more so when it concerns the Bakken, reports that Harold Hamm "plowed" $10 million into Continental Resources before the market “fell.”
- let's see. Harold Hamm is a billionaire. That's at least $1,000,000,000.
- dividing into $10 million: 0.01 or one percent.
- and that's a headline?
- let's re-visit the story a year from now.
Note:
- 52-week high at this time: $39
- price of CLR on Friday, June 18, 2021: $34
- price of CLR on Friday, June 25, 2021: $39
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Updates
June 29, 2021: update.
Original Post
Danaher to acquire Aldevron, from a reader, link here:
- Danaher, DHR
- Aldevron: privately-held
- $10 billion; cash-on-hand and proceeds from the issuance of commercial paper
- for comparison, MDU, a Fortune 500 company, has a market value of $6 billion
- Aldevron:
- founded in 1998
- Fargo, ND
- 600 people
- manufactures plasmid DNA, mRNA, proteins
- Aldevron will operate as a stand-alone operating company and brand within Danaher's Life Sciences segment
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.
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Bakken radioactive waste has a home: TENORM disposal in ND.
- KT Enterprises was the second company in North Dakota to seek permission to try this new approach to disposal of TENORM wastes in North Dakota, but it was first to cross the finish line and receive all its permits. It began operating in April on a 40-acre site one-half mille south of Johnson’s Corner, which is the intersection of Highway 73 and 23.
- radioactive slurry is injected thousands of feet underground in McKenzie County
- is this scalable? I believe there's a railroad that runs from the Hanford Site to North Dakota.
- by the way, if radioactivity in the oil patch bothers you, search "bananas" in the blog.
Missed an opportunity:
- Juneteenth: in hindsight it was inevitable. Trump should have "done it."
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Word For The Day
Have we done this one yet? I've had it on the desktop for so long, I've honestly forgotten.
Tannoy and tannoy.
Like Xerox and xerox.
Like Google and google.
Tannoy Ltd is a British manufacturer of loudspeakers and public-address systems, founded in 1926. Somewhere along the line Tannoy became a household name, apparently as a result of supplying PA systems to the armed forces during WWII.
Tannoy is notable for its "Dual Concentric" speak design, which places the tweeter behind the center of the medium or bass driver. "Dual Concentric" is a trademark although Tannoy is not the only speaker manufacturer to design coaxial speakers.
The name Tannoy is a syllabic abbreviation of tantalum alloy which was developed by the company.
I first saw the word "tannoy" in Bettany Hughes' biography of Helen of Troy. She used the word once and I missed it the first three times reading her book. I finally caught it the fourth time reading.
The term "tannoy" is used in British English for any public-address system, and as a very, to "tannoy," for making an announcement in a public place. Although the word is a registered trademark, it is often used generically.
So, next time you visit Europe, and you board the ferry to cross the English Channel, you can earn a brownie point or two by using the word in conversation. Buying a round of drinks for your party will earn you even more brownie points.
By the way, I had a devil of a time running down the meaning of "tannoy" but in hindsight, easy peasy.
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TENORM
Okay, how many readers actually knew what TENORM means (from the story above).
Briefly: technologically enhanced naturally occurring radioactive material. Would this be a word Iran could use?
Is there a difference between NORM and TENORM? Yup.
Wow, this could go on forever, but we will stop here.
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