I'm only posting this one so I can post another music video. The Bakken point has been made so many times it's like beating a dead horse, but the Bakken never ceases to amaze me. The MRO Betty Shobe pad has been updated.
Here's the original Betty Shobe well (production data has been updated for the wells on this mega-pad at this post):
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You Never Can Tell
On another note, from a reader:
Check out the Tour de Tuscon ride this Saturday, November 20, 2021. Supposedly the largest group ride in the USA ... a 102-mile ride --
El Tour de Tucson homepage, but it even has its own wiki entry. Wow.
El Tour de Tucson is the largest bicycle race in the United States, one of the largest rides in the country and Arizona's longest-running bicycle event. El Tour was founded in 1983 by Richard J. DeBernardis with 198 cyclists, this annual event now attracts over 7,500 cyclists from around the United State.
What would be a great song from a Tucson native? I guess we can go with this one:
Doesn't / didn't she just have the most wonderful sparkle in her eyes? She kept that "innocence" throughout her career.
Oh, my goodness, we have to do another one:
The newest wells are still on the confidential list but they have now been completely and production has begun. This is huge and what the Bakken is all about.
I'm too exhausted to go through all the wells, but the small mineral owners who have interests in these wells are going to have a huge 2022. Congrats! Well deserved. But look at all the wells that will be producing starting this month.
Note: in a long note like this there will be content and typographical errors. I have not proofread the post. If this is important to you, go to the source.
The wells:
The graphics:
| $79.01 | 11/18/2021 | 11/18/2020 | 11/18/2019 | 11/18/2018 | 11/18/2017 |
|---|---|---|---|---|---|
| Active Rigs | 31 | 15 | 55 | 63 | 56 |
Three new permits, #38663 - #38665, inclusive:
Seven wells plugged or producing:
Resurveyed: Slawson has re-surveyed four Armada Federal sites.
Three permits renewed:
Active rigs: daily activity report show rig count dropped from 33 to 31; I did not run through the list;
This is almost predictable -- ISO NE rates spiked to $180 / MWh overnight, link here:
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For The Archives
Final trades, Fast Money: Morgan Stanley, CVS Health, SPDR Gold, Zscaler Inc (ZS)
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For The Archives
This is hardly worth posting, but want to clear out the in-box.
US equity markets:
Five Dow Jones stocks to buy -- Investor's Business Daily: American Expfress, Apple, Goldman Sachs, Merck, and Microsoft. Link here.
Apple: strong iPhone 13 demand bodes well for holiday season; TipRanks via Yahoo!Finance.
Global warming: snow forecast for next week is Europe including UK and US northeast ... early forecasts for December 10, 2021, are going as far as -42°F for Canada and -17°F for Chicago -- which means the Bakken will drop to -30°F! Ouch. We'll see. I doubt it will get that cold. But if it does: unusual and a harbinger for what is to come during this winter. Link here.
Global warming: another day of sky-high electricity prices in Europe, particularly in countries like France and Spain. For Spain: the fourth highest day-ahead power price ever. But that's very surprising about France -- all that nuclear power? I don't get it. Link here.
Turkish lira: plummets. So, what else is new? Link here to The WSJ.
Anyway: done for the day. Good luck to all.
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Covid-19
Regardless of what the statistics show, Covid-19 is so over. Link here.
I mentioned this in passing when the North Dakota September, 2021, data, was released with the Director's Cut earlier in the week, but I did not headline it:
Comments:
But Platts did headline it: Bakken Shale natural gas flaring reaches historical low as production climbs --
So many stories:
Lots of information regarding MDU's subsidiary WBI at the linked Platts article.
AAPL: surging. Coming close to all-time highs again. Breaking: AAPL is accelerating work on autonomous car. Later: hit an all-time high, again, on a down day for the Dow, although this should push the Dow into the green.
How will AAPL do it? Foxconn. On November 10, 2021, Foxconn and Lordstown Motors entered into a strategic partnership. Link to press release here. Wasn't "November 10, 2021" just one week ago?
When I hear Foxconn, I can't not see Apple.
From wiki, on Lordstown Motors: this second paragraph:
General Motors has invested $75 million in Lordstown Motors.
GM obtained a seat on Lordstown Motors' board of directors, and has included Lordstown Motors into its Tier 1 supply chain. With the deal, Lordstown Motors is looking to compete against Tesla, Rivian, and Nikola's electric vehicle lineup.
GlobalFoundries: wiki here.
The scorecard:
Comment: this all reminds me of two other great battles from the past:
Comment: the EV scorecard above also incorporates another battle:
There's an obvious first question but I will leave this for another time. It's time to digest all that's been posted.
Final trades, Halftime Report: Unitedhealth, Fedex, Amazon, Nutrien LTD (NTR).
Locator: 10001EVS.
EVs 101: link here.
Updates
March 31, 2024: Fisker on verge of bankruptcy; delisted by NYSE.
March 30, 2024: Rivian update.
February 27, 2024: Apple scraps plans for iCar (EV, automous driving)
February 20, 2024: Ford cuts prices of its flagship Mustang E-Mach by over $8,000.
February 5, 2024: Hertz now says it will quit buying Polestar. Earlier said it was selling a third of its Teslas. Stellantis also throws in the towel. I don't think I've seen any sector crash so fast when the rest of the economy is booming.
February 3, 2024: it's not getting any better or any easier.
November 23, 2023: game over?
March 1, 2023: NIO -- margins are atrocious and losses are doubling.
February 28, 2023: Rivian losses severe.
August 3, 2022: going from bad to worse: Lucid.
July 22, 2022: great commentary in The WSJ.
April 6, 2022: Rivian running about 2,000 trucks per quarter.
March 24, 2022: USPS: $2.98 billion for 50,000 next-generation vehicles.
March 18, 2022: Toyota, major chip supplier suspend production due to Fukushima earthquake. Toyota to suspend operations at more than fifty percent of facilities across Japan.
March 17, 2022: Ford and VW continue partnership.
March 15, 2022: Tesla raises prices for second time in a month.
March 10, 2022: EV shares struggling.
March 10, 2022: The Motley Fool. Rivian: bait and switch.
March 4, 2022: huge cash crunch at Rivian; selling pre-orders at a loss; stock plunges almost 20% over two days.
March 3, 2022: desperate times for EV manufacturers.
March 3, 2022: GM sells its stake in Lordstown. Link here.
February 16, 2022: 2021 update over at Microsoft News. And, here.
February 12, 2022: graphite.
January 17, 2022: Asia is winning the war for EV batteries.
December 12, 2021: Investor's Business Daily, top five EV manufacturers.
December 12, 2021: DTG and Rivian R1T, The WSJ.
December 10, 2021: GM, LG Energy (batteries); pickup trucks, Detroit; batteries, Lansing, MI;
December 9, 2021: Ford caps F-150 Lightning orders to 200,000.
December 6, 2021: Intel might publicly list shares in Mobileye self-driving car unit.
December 6, 2021: Toyota -- largest private capital investment EVER in the state of North Carolina -- $1.3 billion battery plant announced.
December 1, 2021: the Australian connection.
November 30, 2021: Foxconn plans to launch three new electric vehicles: Model C recreational vehicle; the Model E sedan; and the Model T electric bus. Link here. Hunch: Foxconn to partner with Apple, and the autonomous car will be the Model A (for Apple).
November 30, 2021: iPads and the luxury Toyotas.
November 30, 2021: Daimler-Benz ready to roll out their electric trucks starting January 2, 2022.
November 29, 2021: Nissan announces $18 billion program through 2030; 23 EVs to include hybrids and 15 all-electric vehicles. Link here.
November 22, 2021: Rivian/Ford break up; Ford will go it alone. Were investors played?
November 22, 2021: blogging work for today.
November 21, 2021: Ford holding back on F-150 Lightning production. Why?
November 19, 2021: GM says it will produce 600,000 EVs by the end of 2023. That's only two years from now. Is US infrastructure ready?
November 19, 2021: Ford, Rivian abandon joint venture. Ford will "go it alone" to produce 600,000 EVs per year. New landscape. And here.
November 18, 2021: Apple locked and loaded.
November 17, 2021: note -- the list below, Rivian was not even on the list earlier this year. Now, it's the second most valuable EV company in the world. LOL.
Original Post
Previously posted, but needs to be updated. This was posted January 24, 2021.
The companies in the chart below and their webpage tag or similar:
The screenshot at the link at twitter:
Overview of the top five foundry companies: link here, October 1, 2021.
EVs -- tracked here. EVs need three basic components:
Foundries vs Designers
ASML: link here.
Foundries:
The "chip" companies of interest:
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.
Traditional credit cards.
Disruptive technology
Wallet
Companies
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.
Quick: name the company that generates the most income from the internet as defined by a contributor at ZeroHedge.
Big Tech companies have quite the influence over our lives. That influence is becoming difficult to ignore, and draws increasing media and political attention. And some see this attention as a plausible explanation for why Facebook changed their name—to dissociate from their old one in the process.
One tangible measure of this influence is the massive amount of revenue Big Tech companies bring in. To get a better sense of this, we can look at Big Tech’s revenue generating capabilities on a per-minute basis as well:
Look at the per-minute revenue gap between:
Two takeaways:
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.
Hershey, Dot's Pretzels LLC: nice update over at The WSJ.
Starbucks: links with Amazon Go -- or should we say, "amazing go." Google it.
Visa: dropped by Amazon in the UK; may be dropped by Amazon in the US. Currently, Amazon Prime Chase card is a Visa card. What happens to all the "points" if Amazon drops Visa? Link here but no answer.
LA ports: truckers won't work 24 hours; prefer to rest on weekends. Link to WSJ. Sort of like Wall Street, the banking industry, and Congress, huh?
Line 5 to federal court: Link to Charles Kennedy.
Will the error be corrected? See if you can find it? Link to Irina Slav. Hint: one needs to read to the end of the story.
Tapping the SPR: apparently when we tap the SPR, one of the biggest buyers of US oil is .... drum roll ... China. I guess that's why Brandon wants a globally coordinated release of oil from SPRs around the world. As if China won't find another place to "hide" that oil -- off-shore floating cargo ships?
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Back to the Bakken
Active rigs:
| #77.60 | 11/18/2021 | 11/18/2020 | 11/18/2019 | 11/18/2018 | 11/18/2017 |
|---|---|---|---|---|---|
| Active Rigs | 32 | 15 | 55 | 63 | 56 |
Thursday, November 18, 2021: 25 for the month, 28 for the quarter, 279 for the year:
RBN Energy: crude oil, natural gas and NGL markets in a decarbonizing world.
Energy marketeers are faced with a conundrum. Should the focus be on producing, processing, and marketing the hydrocarbon-based energy that the world needs today? Or is it time to go an entirely different direction toward net-zero emissions, renewables, and battery-powered everything? The answer, of course, is both. That means living, working, and producing hydrocarbon-based products in today's world while at the same time preparing for and investing in the world to which we’re headed. You might think of it as kind of a mild case of schizophrenia; we live in one reality, but we must think in terms of an entirely different future reality. That was a core theme for RBN’s Fall 2021 School of Energy: Hydrocarbon Markets in a Decarbonizing World. In today’s RBN advertorial blog, we provide our key findings and highlights from the conference curriculum.
Early production:
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 9-2021 | 20436 | 14424 |
| 8-2021 | 17687 | 12301 |
| 7-2021 | 18377 | 13631 |
| 6-2021 | 11801 | 6577 |
| 5-2021 | 6139 | 4027 |