Friday, October 15, 2021

Notes From All Over -- Part 2 -- October 15, 2021

Aluminum: the other day I mentioned winner / loser :: aluminum / plastic. Now this: Alcoa initiates a quarterly dividend. Alcoa hasn't paid a dividend since 2016. Announced yesterday, Alcoa, link here:

  • record quarterly net income 3Q21
  • a 10% sequential increase in revenue
  • aluminum is among the many metals facing shortages right now
  • aluminum prices at record heights: now trading at $3,117 per ton
  • "the company is now authorized to purchase up to $650 million shares of its common stock after announcing a new share repurchase program worth up to $500 million"
  • will initiate a quarterly dividend, 10 cents/share; payable November 19, 2021, of record as of October 29, 2021

Cars: car dealers in the area -- and we have some huge dealerships -- must be under intense pressure to survive. The lots are literally empty in some cases and very close to empty in most, if not all, dealerships.  Some are willing to take orders; others are not; the latter, first come, first served. One dealership with this sign: cash offer for used cars in five minutes. I'm sure there's some hyperbole there but if accurate not even time for a dealer's mechanic to check out the used car.

WTI: $82.35.

Slim Chickens: first noted at the blog on September 22, 2021. A reader, thank you very much, has just sent a photo of the new eatery under construction ... hope to get it enclosed before winter?

Trenton: once that $2.8 billion facility begins construction in 2023, Williston is going to need a lot of:

  • hotels;
  • restaurants:
  • and so much more.

6 comments:

  1. Rigs up double digits today.

    ReplyDelete
    Replies
    1. Thank you. I'll update this when the daily activity report comes out. Again, thank you.

      Delete
  2. What is the future employee staff expected? Is there a pdf of the project out there somewhere?

    ReplyDelete