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Wednesday, February 16, 2022

Notes From All Over -- Part 1 -- Dated Brent Trades For $100.80 -- February 26, 2022

For the archives:

Canada: now freezing bank accounts of those trying to fund Canada's Truck Convoy. I have finally lost any emotional interest in Canada, its Keystone XL, and any other pipeline problems it may have in the future. Trudeau's true colors showing. A banana republic pipsqueak. 

GM Bolt: Only 25 cars were sold in the fourth quarter, compared to 6,701 vehicles a year earlier. Posted elsewhere: : 2021 update over at Microsoft News. And, here.

For investors:

  • eight high-dividend stocks "everyone" is racing to buy, IBD:
    • DVN, WMB, PM, MO, KMI, DOW, OKE, VZ

MRO, link here:

  • Capex: $1.2 billion
  • at $80 / bbl:
    • will result in excess of $3.0 billion of free cash flow at a reinvestment rate of less than 30%

Brent: dated Brent reached $100.80 a barrel on Wednesday for the first time since 2014. Reminder: WTI generally trades one dollar less than Brent right now. 

Gasoline demand, link here:

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