Note: earlier today I mentioned that I went back to watching CNBC after not watching it since the "flash crash" the Friday after Thanksgiving. Well, that didn't last long. CNBC is keeping to script. Everything was planned one to two weeks ago to discuss the market crashing when CPI came in at 6.5%. In fact, just the opposite happened despite the CPI coming in as expected. CNBC talking heads trying to talk the market down. I'm done with CNBC again. Won't come back to it until maybe next week.
Corps increases flow out of Fort Peck:
- link here;
- and, here from the Billings Gazette.
From the second linked article:
Mountain snowpack in the upper Missouri River Basin is accumulating at well-below average levels. About 25% of the mountain snowpack typically accumulates by Dec. 1, and normally peaks near April 15. While the mountain snowpack is currently below average, it is too early in the season to make a projection of the final 2022 mountain snowpack. Additionally, plains snowpack in the upper Missouri River Basin is sparse.
EPD: I'm seeing the same thing. Link here.
- In 2019, EPD traded between $25 and $30 a share and had $6.5B of operating cash flows
- In 2021, EPD is on pace to have $8.5B of operating cash flows and trades at $21 per share; currently paying 8.52%; interesting comments at the link;
Energy investors and inflation, what me worry?
Who let the dogs out? Link here.
Explains everything, doesn't it? Link here.
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Investing 101
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