To paraphrase Yogi Berra, No one goes to Walmart any more, it's too busy.
I don't go to Walmart any more either, except when I do ... and yesterday, traveling cross-country and needing some particular items, I visited the local Walmart. First sign I saw: "Please be patient. We are understaffed." When one first walked in, the store looked well stocked, but it was amazing how much was sold out. Having said that, the store looked really, really in good shape.
Target, curbside business? Incredibly busy when I last stopped at Target before I started my trip.
Truck driver shortage.
Payments to stay home.
I've not yet seen the "real" story connecting all these stories. I might come back to this over the weekend.
But I have much less time to be on the blog due to traveling.
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Miscellaneous
Covid-19: White House using bully pulpit to encourage companies and states to mandate vaccinations. White House staff and White House press corps not required to be vaccinated.
Homeless: Portland, OR, has banned homeless people from camping in forested parks to protect the parks from potential wildfires and prevent them from accidentally sharing blazes during a summer of drought and record-breaking heat.
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Market
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.
Energy companies reporting great earnings today: ENB, CVX, XOM.
Everybody expected this but it was the whisper numbers that were not being reported.
Some years ago "whisper numbers" were a big thing, then sort of disappeared. I've always thought "estimates" and "consensus" numbers and results seemed to be "disconnected" for lack of a better word, and never quite understood this "stuff." One wonders: why "whisper numbers"?
But we'll take a look, later.
Robinhood: IPO -- worst ever, on record, for an IPO of this size. A lot of "retail investors" really, really got burned.
Economic data points today, most inflation numbers and consumer spending numbers were out today. Inflation growth not as strong as expected. Of the many economic indicators, for me, one of the most useless pieces of data: consumer spending.
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Back to the Bakken
Active rigs:
| $73.52 | 7/30/2021 | 07/30/2020 | 07/30/2019 | 07/30/2018 | 07/30/2017 |
|---|---|---|---|---|---|
| Active Rigs | 23 | 12 | 58 | 63 | 61 |
Not wells coming off the confidential list.
RBN Energy: Mexico's Salina Cruz LNG project targets Latin American buyers.
Just a few years ago, Mexico was focused on importing LNG to help meet its natural gas needs, especially in parts of the country far from Permian and other U.S. supplies. Lately though, most of the talk about LNG in Mexico has been about liquefaction and/or exporting, not importing and regasifying, as evidenced by a final investment decision on the Energía Costa Azul liquefaction project in Baja California and progress on Mexico Pacific Ltd.’s liquefaction/export project in Mexico’s Sonora state. Both projects are aimed squarely at Asian markets, but yet another prospective LNG project “south of the border” is targeting bunkering, transportation, and industrial markets for natural gas along the Pacific side of Latin America — from Mexico itself down to Ecuador. In today’s blog, we discuss plans for what could be Mexico’s third major liquefaction project — this one aimed at both domestic and export markets.
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