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Friday, May 13, 2022

Notes From All Over -- Part 2 -- The Pre-Market Edition -- WTI Surges: Up $2.72 -- May 13, 2022

Wow, wow, wow: dividend increases — to be reported later. On the iPad on which it is difficult to post. All I can say now is that I can afford to buy new shoes for Sophia.

Wow, wow, wow: WTI surging? What happened?

  • Brent: up 2.35% up $2.52; trading at $110.00
  • WTI: up 2.56% up $2.72; trading at $108.80; trending higher.
    • some shale companies say they break even at $30-somehthing oil

Smart retail operators would be wise to starting increasing the price of gasoline now.

  • the Pelosi bill moves along in Congress; will make is easier for the president to "freeze" prices
  • need to get higher prices on the signs now
  • you know, retail operators could do something hotels/motels figured out a long, long time ago
    • hotels/motels post a "standard" rate for the room on the inside of their doors (they did this years ago; I don't know if they still do this)
    • the rate was excessively high but it was the "bar"
    • the hotels/motels always charged a much lower price for the room
    • but it allowed them legal wiggle room to raise prices when demand was high and minimize lawsuits, or at least successful lawsuits
  • retail gasoline service stations need to do that now: post the "standard" price, say, $25 / gallon but then offer a $20-discount on all purchases made on credit; and a $21-discount on cash purchases.
    • the service stations would adjust the discount as needed
    • think of the passing motorist, seeing a discount of $20 on the marquee
    • wow, I would love to buy gasoline at a $20-discount
  • I doubt there's any law out there saying retail gasoline can't be sold at a discount.

Google:

  • can gasoline be sold at a discount?
  • yes. Link here.

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.

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.

Pre-market:

  • WTI: $108.90 -- could we see $112 by May 31, 2022?
  • RIVN: up 7%, after being up 39% or something like that yesterday;
  • GM: up 1.66%; flat yesterday after a try at a surge earlier in the day;
  • F: up 3.14%; flat yesterday -- well, up slightly -- after a try at a surge earlier in the day
  • did the market hit a bottom; 

For the Geico Rock community:

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The Car Page

Peak profits. Link here.

  • think about this headline for a few minutes; see if you can see multiple story lines;
    • the headline: Wells Fargo double downgrades Ford and GM; says 2022 -- that would be this year -- could be "peak profits" for "legacy" automakers.
  • Toyota: cuts North American output for the month of May by 30,000 autos; link here.
    • Japanese automaker Toyota will reduce its North American production by 30,000 vehicles in May, adding to prior cuts as the company struggles with semiconductor-related parts shortages across its operations.
  • Daimler Truck Group: okay, it's a truck, not a car: I was told last night that my son-in-law is getting overtime at the Portland truck factory; the are behind on orders and working to catch up 

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The Apple Page

Dead. Gone. The 3.5 mm headphone jack. Good riddance. Link here.

  • Google kills the headphone jack in latest Pixel 6A just months after parodying Apple for doing same thing
  • Apple used to copy everyone else -- or so said the detractors;
  • now, everyone is copying Apple

Five things you can't do with an Apple MacBook Pro: link here.

  • you can't predict the idiotic energy decisions being made by the current administration
  • you can't forecast the price of Rivian stock
  • you can't open the laptop with a Phillips screwdriver to add more memory
  • you can't use it while swimming underwater (don't take that out of context; there are exceptions)
  • you can't fax a six-pack of beer

2 comments:

  1. Bruce, Doyou think the NDIC will still be doing a “Directors Cut” today even though the their website is down?
    Do you think that they have been hacked and that’s why they aren’t up and running?
    You would honk in this day and age they would have a Facebook account where they could share some of its info.

    ReplyDelete
    Replies
    1. Thank you for the reminder: I'm sure the Director's Cut will be released, but it will be interesting if anyone outside of Lynn Helms' office will be able to find it.

      No, the NDIC site has not been hacked. The problem, in fact, is much worse. I'm not at liberty to say what I know.

      I agree 1000%. In this day and age there are many, many ways to share information.

      Delete

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