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Saturday, April 2, 2022

Saturday Morning -- April 2, 2022

That Chinese Boeing 737 crash? US investigators are now just arriving in China to assist with the "voice" black box. Form limited information I get -- the same information you get -- it all points to deliberate, pilot.

Flight radar 24: this is my go-to site when I need flight information, or am just curious. LOL. 

But wow, others are catching up when it comes to commercial flights. A family member is flying American Airlines today, and AA is now providing more real-time flight information than ever, and it's a breeze to find. Simply type in "AAXXXX" (XXXX = flight number) and everything -- including a map -- pops up immediately. Source.

Cell phones and brain cancer: among 776,000 women in the UK, using the cell phone for 10+ years resulted in a slightly lower brain tumor risk. Source, probably the best scientist-writer on twitter. If you have time for only one scientist, this is the scientist I recommend. For everything. The incidence of right-sided and left-sided tumors was similar in mobile phone users, even though mobile phone use tends to be considerably greater on the right than on the left.

Dividends: I knew it was good; I didn't know it was this good. Source.

  • SCHD has been the best ETF for income investors over the past decade providing both competitive dividend yields and strong price appreciation. Here's an update.
  • Bottom line: hold, don't sell.
  • Lots and lots of comments: great opportunity for a bit of "education."

Russian oil: will it sell? Are there buyers? Are there ports? Are there tankers? I remember the arguments back and forth whether Russia will be able to sell its oil under the current sanctions. One reader wrote that once the oil tankers get out of the Black Sea there will be plenty of buyers. Perhaps. Now this:

  • Marine fuel sellers have stopped serving vessels flying the Russian flag at major European hubs including Spain and Malta.
  • obviously not a big deal; they will take down their flags; replace them with the Ruritania flag
But there's even more, source or go direct to S&P:
  • bunker markets avoid Russia as supply tightens across the Black Sea
  • Russian-origin fuel avoided in the face of reputational risk
  • Russian companies face problems securing credit
  • bunkering operations move away from Russia

The more I read, the more I get the feeling with regard to the Biden Surge / SPR release:
the Biden administration is in a huge panic;

  • taking two to three million bopd off the market "just like that" is not going to be easy to replace, no matter what anyone says;
  • it may, in fact, get far more worse than anyone expects: the problems are compounding -- at some point, the rigs quit working
  • if Russia's oil sector rough necks are as good as the Russian Army, Putin is in deep doo-doo;

Price to re-fuel your Lear jet:

  • filling up a wide body 777-300ER will potentially cost ~ $112,600 more at JFK than it does at ORD as jet prices scream higher in PADD1; source;
  • Delta is probably feeling pretty good right now; hub: Atlanta, GA

Will Smith: Bill Maher got it wrong or at least missed an important component regarding the standing ovation Will Smith got after his "acceptance speech." 

Come, Monday morning:

  • Decisions, decisions: 
    • DVN: P/E = 14; yield = 6.61%;   
    • NVDA: P/E = 71; yield = 0.06%; 
    • APA: P/E = 16; yield = 1.2%;   
    • F: P/E = 3.74; yield = 2.4%

Backwardation or contango:

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