Another Open-Book Test For Investors: COP - Qatar Sign Off Fifteen-Year Deal To Supply Germany With LNG Starting In 2026 -- November 29, 2022

Conversion

Link here:

COP/Qatar to deliver:

• two billion tonnes = 17,746,228,927 boe
• 17,746,228,927 / 365 = 48,619,805 boepd
• rounding 50 million boepd

Germany consumption:

• Germany used 100 billion cubic meters of natural gas in 2021
• 100 billion / 365 = 273,972,603 cubic meters / day
• rounding = 300 million cubic meters / day
• one cubic meter = 0.4049 tonnes
• 273,972,603 x 0.4049 = 110,931,507 tonnes / day
• 110,931,507 tonnes = 984,307,959 boe

So, assuming the math is correct, feel free to fact-check:

50 million boepd / 984,307,959 boepd = 4.9%.

That seems reasonable. Now why could the journalist not have done this? We always get these articles without context, or denominators.

Updates 

Later, 11:54 a.m. CT, November 29, 2022, link here:

Original Post

I may have to re-think my "new money allocation" plan. See below.

To review:

• a rolling 30-year horizon
• new money allocation (slight change in past few weeks):
• 35%: Buffet, blue-chip; dividend-paying;
• current favorites: DE, CAT
• more AAPL only when below $155 / share
• 30%: beaten-down tech (mostly semiconductors)
• 20%: energy (mostly oil; those with announced focus on shareholder return)
• 10%: mRNA (mostly Big Pharma)
• 5%: Daimler (might be considered part of Buffett, blue-chip)
• invest new money twice a month regardless of overall market conditions
• first week of the month
• third week of the month
  

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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.  

COP / Qatar: 15-year deal to supply Germany with LNG.

• to start in 2026;
• link here to Reuters:

The deal, the first of its kind to Europe from Qatar's North Field expansion project, will provide Germany with 2 million tonnes of LNG annually, arriving from Ras Laffan in Qatar to Germany's northern LNG terminal of Brunsbuettel.

"(The agreements) mark the first ever long-term LNG supply agreement to Germany, with a supply period that extends for at least 15 years, thus contributing to Germany's long-term energy security," Saad al-Kaabi said in a joint news conference with ConocoPhillips CEO Ryan Lance.

Favorite two words in that press release: "at least."

COP today: