Monday -- Everything Pending -- November 14, 2022

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.

Wow: here and here.

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:
• monthly report;
• requirements to meet market demand;
• anti-OPEC movement? Bring it on.
  

Permian:

• Python in the Permian;

Norway:

• 2022 deadline for tax advantages nears;
• PDOs and NCS; acronyms galore;

Semi-conductors:

• AMSL: quite a thread;
  
• AMSL: lots of graphs;
• energy transition will require a lot of semi-conductors;

Mortgages: US vs the rest of the world

• Peter Zeihan: fixed

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?
• The WSJ: yes, there are serious problems; 
• and unlike banks, no FDIC;
  
• 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:

• link here.

Ukraine: wow.

• Forbes: Ukraine set a trap for Russian pilots.

Global population: Africa.

• quick look;
• long look;

Dallas Cowboys:

• inexcusable; even Stephen A. got this one wrong;

Schwab / TDAmeritrade:

• update;
• integration update;

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