EOG: Fitzsimmons -- link here;
- EOG has ~11,500 "premium" wells that can generate an IRR of 30%+ at $40/bbl WTI and $2.50 MMcf natural gas.
- That being the case, EOG has just been killing it in the high-priced O&G market of 2022. Indeed, YTD EOG has declared $8.80/share of (base+variable) dividends for its shareholders.
- But EOG isn't just about income. Indeed, since my BUY rated article in May 2021, the stock has delivered total returns of 100%.
- With a strong inventory, and new prospects in the Powder River Basin, the Utica, and the Dorado gas-play in South Texas, EOG has a robust and sustainable business model.
Price of gasoline:
- to predict is a fool's errand, but
- link here:
- with the mid-terms over, there is no pressure to keep the price of gasoline down. Nada. Zilch. None.
Diesel:
- we're not going to run out;
- it's a regional problem; self-inflicted;
- data;
- rumors of diesel and gasoline shortages in western Canada;
META: cancels development of health and messaging-focused smartwatch;
- an abrupt end to the company's plans to directly compete with the Apple Watch;
ASML: link here.
Monet: born this date, 1840.
Peter Zeihan: archives.
Earnings:
- this week;
- Tyson: top line beat; bottom line miss; shares up
- retailers need to get rid off excess inventory; consumers will benefit
- consumers need to wait to last minute to get huge bargains this year;
Oil:
- Buffett: it's been an incredible year -- Barron's;
- CVX
- CVX: Motley Fool's choice; late to the party?
- incredible stories today with re: CVX; dynamic link; will change quickly;
- seven best oil stocks now?
- Biden: no plans to meet with MBS at G20; nothing to discuss;
- OPEC:
Permian:
Norway:
- 2022 deadline for tax advantages nears;
- PDOs and NCS; acronyms galore;
Semi-conductors:
Mortgages: US vs the rest of the world
Autos: GM vs Ford
- increasingly different;
- Ford Bronco towing capacity: same as the Honda Odyssey minivan
- hold their value;
- Jeep Wrangler; Jeep Wrangler Unlimited; Porsche 911; Toyota Tacoma, Honda Civic;
Crypto:
- best chart ever: here and here.
- a run on Crypto.com?
- AAX shut down for 7 - 10 days;
- Coinbase is down;
- one knows things are in disarray when some argue that "bitcoin" is not "crypto." Link here.
- Peter Zeihan suggesting the cryptocurrencies moving "tokens" among themselves to make them appear better off than they really are;
Bezos: must be reading the blog;
- $100 million to Dolly Parton to donate to her charity causes;
- will give away his $124 billion net worth during his lifetime; and, folks have trouble with that reprot
The cloud:
Ukraine: wow.
Global population: Africa.
Dallas Cowboys:
- inexcusable; even Stephen A. got this one wrong;
Schwab / TDAmeritrade:
Renewable energy:
- the road to California;
- Sweden: right wing -- said good-bye to Greta
- got rid of the Environment Ministry (like our EPA)
- will build more nuclear reactors
- scrapped government subsidies for EVs
- scrapped the renewable energy plan
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