Clearing Out The In-Box -- Late Afternoon -- Palindromic Friday -- 2-25-22

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. 

Warren: say what you want, but that Warren Buffett is either very, very smart, or very, very lucky. 

My father always said he would rather be lucky than be smart, but I digress. It was recently noted that Berkshire Hathaway made a significant buy of CVX in its most recent 13F filings. Today: CVX hit an an-all time high I believe, of $140, 18, up almost 4%; up over $5/share, paying 4.05%. 

The letter: Warren's annual letter is scheduled to be release tomorrow. 

How oil is taxed in California: speaking of CVX, this is how oil is taxed in California. Time for Chevonr to musk-locate to Houston.

CNRL policy: if you answer "yes" to any questions on Covid forms you are fired no matter what your symptoms are. The oil patch is back.

North American oil patch: "We are out of sand." Link here.

Golden era, link here:

• energy sector has entered a golden era of free cash flow
• debt free next year
• 15 years of drilling inventory average; for some operators, much more than that;
• every operator in the Williston Basin has more than ten years inventory based on current rig count
  
• the tsunami of free cash flow can only go one place: shareholders
• epic dividends and buybacks ahead + valuations near generational lows

*********************
Ukraine

Europe natural gas prices: prices halted a record-breaking rally, as Russian flows to the continent ramped up. Say what? Germany financing Russia's invasion of Ukraine. Of all the NATO countries, Germany has been least helpful resisting Russia, helping Ukraine.

Russian natural gas flows through Ukraine actually increased substantially the past couple of days. Key word? Substantially. Germany is financing Russia's invasion of Ukraine. Link here.

Agriculture, oh-oh or whoo-hoo?

• Ukraine's grain and oilseed markets halted. Link here.
• cancellations expected for Ukraine grain contracts. Link here.
• beneficiaries:
• North Dakota farms (soybean and wheat)
• Deere
  

China: boosts oil reserves. Ignores US push for global release of strategic reserves. Link here.

********************************
The Apple Page

Subscribers: iOS users spent $13.5 billion on top 100 subscription apps in 2021, up 31% year-on-year. And look how they did it. Someone knows price points, carrots and sticks.

iPhone 13: the iPhone 13 lineup let global smartphone revenues to record high in 2021. Link here. And, apparently the supply chain shortages and obstacles are a thing of the past.

Meta: being killed by Apple. Link to SeekingAlpha. 

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.