Investors: I sure hope folks took advantage of that recent one-week sell-off. Wow.
- BRK-B will hit new 52-week highs, back-to-back. Perhaps a three-peat. Even others noted that.
- holy mackerel: I'm not following the market but I do check in on certain companies that interest me for the day; today BRK interests me ... BRK is now up $4.42, down a bit after hitting, yes, a new 52-week high.
- one of his big holdings is BNSF: the proxy, UNP: up $3.02 right now; closing in on a 52-week high; I think that 52-week high is a intra-day high; it's likely UNP will close at a 52-week high, but I don't know.
- BRK doesn't pay a dividend, but wow, there's a lot of talk about the value of dividends, these days.
- just wait until oil stocks catch up to oil prices.
Ukraine-Russia war continues to drag out. It's much bullets as
economic. I assume that's why this essay showed up today over at my
"literary hub": how the north beat the south -- the dueling economies behind the US civil war.
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. Cheap oil may be short-lived.
Rigzone. Okay, first the "joke" no one caught. Rigzone calling $100 WTI "cheap." LOL. But I digress: here's the link to Rigzone. My hunch: not one reader of this blog will even read that article. Anyone who can't figure this out is not paying attention.
Oil: three million bbls of Russian oil, products could be shut in next month -- IEA.
My reply to the reader who sent me the link above:
Yes, folks will quibble over whether the sanctions will work and whether it's a million bbls or seven million bbls, but the fact remains, a "lot" of Russian oil has been taken off the global market, regardless of the amount.And now Progressives in Washington (DC) want to ban all drilling on federal land. The Bakken is going to do just fine -- except for the reservation.
And just think, gasoline is trending toward $7 / gallon in California.
Speaking of which, quick, that 3-million-bopd loss from Russia -- let's take a look at another "location" where the US took 3 million bopd off the global market, link here.
Horizontal drilling takes a turn in direction: LOL. I've seen this before. Can't recall if I posted this. Link here.
DoorDash:
- link here;
- it's going to be interesting to see how well these companies fare (no pun intended):
- right now, it's most likely regional
- I can't imagine how bad it must be on the west coast: long distances; and $6-gasoline
- here in Texas, very, very short commutes in urban areas for UberEats, DoorDash, etc, and gasoline, at least compared to California, are manageable
- our favorite breakfast cafe -- we walk to it -- appears to be doing more "DoorDash" deliveries than in-restaurant seating
- at breakfast / lunch there is a 15-minute to 30-minute wait even on slow days; brunch is better, but the number of DoorDash deliveries is quite remarkable
- it's amazing what folks will pay for convenience; of course, many folks are unable to get out of the house, so this is a huge deal for those folks.
So much more, but family commitments....good luck to all.
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