Thursday, July 28, 2022

Off The Net -- Going Swimming -- Back Around 11:00 A.M. CT -- July 28, 2022

TTE: profit more than doubles on high oil and gas prices. Link here.

Beyond Meat: McDonald's ends trial in Canada. Old story but had not previously posted. Beyond Meat down another 4% at open.

Ford: huge earnings report. Will raise dividend from 10 cents to 15 cents. Speaks volumes on company's cash flow, and expectations going forward. GM does not pay a dividend. 

Dow: opens up 86 points. All indices green?

WTI: $98.98.

Natural gas: $8.606.

VOD: comes out of Saudi Arabia today -- link here.

Oil, supply, demand: everyone is on same page of music: CVX, TTE, and Shell. Link here.

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Back to the Shale Revolution

How about those rigs? Rig counts, Y charts:

How about that production?

  • New Mexico: 1.5 million bopd, link here.
  • North Dakota: 1.1 million bopd.
  • Texas: 5.0 million bopd, link here.

Gasoline demand, link here:

  • the overall chart improves slightly, but,
  • the data going forward looks really, really good

Natural gas fill rate, link here:

  • I don't think it will happen, but it certainly appears working gas in underground storage could drop below the five-year minimum.

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