Off the net for a few hours: Veterans' Day activities at the local school.
Stagflation? Wuhan flu? Energy crisis? Say what? JD.com smashes it's one-day sales record with almost $50 billion in sales -- in one day and the sale is not yet over. Link here.
AAPL day: dividend paid today? Not sure, but I think I read that somewhere.
Streaming: CNBC had a nice piece on streaming networks this morning. Will try to find it later today.
- Disney won't do well
- Disney needs to consolidate Disney+, ESPN, Hulu
- Comcast in the driver's seat
Metals: link to Alex Kimani.
WTI: testing $80, again.
COP26: it's the silly season, but I can't remember a time when there has been such a disparity between fantasy and reality when it come to energy. LOL. Maybe I will expand on that later, but for all concern about not enough oil in the US, the number of days of crude supply remains pretty much unchanged, from 28.9 days last week, to 28.8 days this week. Link here. That's an incredible four weeks of supply: hurricane season is ending; driving season has ended; more than adequate imports from Russia now that Brandon has killed the Keystone.
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Back to the Bakken
Active rigs:
| $80.48 | 11/11/2021 | 11/11/2020 | 11/11/2019 | 11/11/2018 | 11/11/2017 |
|---|---|---|---|---|---|
| Active Rigs | 23 | 15 | 55 | 66 | 52 |
Thursday, November 11, 2021: 15 for the month, 18 for the quarter, 269 for the year:
- 37394, conf, Petro-Hunt, Blikre 158-94-13A-24-2H, East Tioga, no production data,
- 36072, conf, Enerplus, Basalt 147-93-09C-04H-TF, Moccasin Creek, first production, 5/21; t--; cum 144K 9/21;
- 35485, conf, Oasis, Nikolai Federal 5397 42-33 3B, Banks, first production, 5/21; t--; cum 130K 9/21;
RBN Energy: local issues also at play in Questar pipeline sale. Archived.
Plato may have said it, Shakespeare wrote about it, and anyone who has engaged in a friendly debate about the best classic car, hunting rifle, or wristwatch knows it to be true: beauty lies in the eye of the beholder.
Of course, not everyone sees value the same way, or value in the same things.
That’s at the heart of the dispute over the recently announced acquisition of Questar Pipeline LLC by Southwest Gas Holdings.
The prospective buyer sees Questar as a picture-perfect addition, while an activist investor sees it as a butt-ugly mistake. In today’s RBN blog, we continue an examination of the Southwest Gas/Questar deal with a look at Questar’s relationship with its local distribution companies, potential competition with the nearby Kern River Pipeline, and challenges Questar may face in serving power generators and direct industrial load.
