My in-box is filled with links to stories that need to be reported, but for the moment, those stories will have to wait.
I had a long note on "recession" ready to go but the whole topic no longer interests me. I deleted it and won't be posting it. I'll just post "the poll" at the sidebar at the right.
USAF: the "couple of fighters in the photo below are F-15s, with tail sign "LN," RAF Lakenheath, England. When I was assigned there, I flew right seat, F-111.
How 'bout them Cowboys? Link here.
Later: see first comment. Historical value of the Dallas Cowboys here. Imagine their value if they win a playoff game. LOL.
******************************
Back to the Bakken
Far Side: link here.
WTI: drops below $93.
Natural gas: $7.826.
Active rigs: 46 or thereabouts.
Tuesday, August 2, 2022: 2 for the month, 33 for the quarter, 372 for the year
- 38169, conf, CLR, LCU Foster FIU 6-28H1,
Monday, August 1, 2022: 1for the month, 32 for the quarter, 371 for the year
- 38701, conf, Summit Carbon Solutions, LLC, Slash Lazy H 5,
Sunday, July 31, 2022: 31 for the month, 31 for the quarter, 370 for the year
- 38168, conf, CLR, LCU Foster FIU 5-28H1,
Saturday, July 30, 2022: 30 for the month, 30 for the quarter, 369 for the year
- 37009, conf, CLR, LCU Reckitt Federal 3-22H1,
RBN Energy: will the propane market be prepared for winter? It depends. Part 2.
The official start of propane heating season is only two months away, and inventories are skinny, pretty close to the five-year minimum. Should that be a concern? After all, stocks were at the low end of the range last year, and it was a relatively benign market, with few supply chain disruptions. But there’s a potential gotcha in that statement. Because last year the first three months of winter were quite mild in propane country. What would happen if the market were hit with weather events like what we saw during the “polar vortex” of 2013-14, a winter etched into the minds of all propaners who lived through it? Obviously, the outcome would be quite different. In today’s RBN blog, we continue our series on the upcoming propane heating season with a look at the challenges that unusually cold weather could bring.
This is the second episode of a blog series focused on the outlook for U.S. propane markets during the upcoming 2022-23 heating season. Part 1 was mostly a look in the rear-view mirror, covering the huge increase in export volumes over the past few years, the wide swings in domestic propane seasonal demand, and a cycle-by-cycle review of propane price behavior over the past 18 months. The bottom line is that last year propane prices spiked way up prior to the onset of winter due to a confluence of bullish market developments, then virtually collapsed in November and December when winterlike weather failed to arrive on cue. In essence, prices were high when marketers were building stocks and low when it was time to move those supplies to market. That is not the way it is supposed to happen and can be painful for any company not using the most robust hedging strategies.
Amazing how $7.4 billion can't win a SB much less a playoff game....
ReplyDeleteI agree with the sentiment: despite their market value, they can't win a playoff game. However, we don't know yet if that is correct. The $7.4 billion is their current value and the season has yet to start, much less the playoffs.
DeleteLast year, when they did not win a playoff game, they were valued at $6.5 billion, well less than their current value -- and still above the league average.
Great marketing. Great fans buying a lot of tickets and a lot of merchandise and a lot of advertisers willing to pay top dollar for a Dallas game. And, Dallas has the "monopoly" on the Thanksgiving game.
In addition, the owner himself adds a least a billion to the market value of his team; we all just can't wait to see / hear his next interview.
As for me, I'm a fair weather NFL fan, and a fair weather Dallas fan. Of the things that interest me, the Dallas Cowboys may not make the list on my first page of things I like. But, wow, if they're playing, I at least tune in for part of the game, if not all of the game.
Expect to see a lot of notes on the Dallas Cowboys this year on the blog.