NY Times WORDL today:
Wordle 299 3/6
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Days supply, crude oil: increases from 26 days to 26.7 days;
link here;
EVs margins: the other day I noted that EV margins were marginal at best; much worse than ICE
- who agrees that EV margins are not where they need to be? link here.
- spoiler alert: Ford CEO
- again, I ask the question: if EVs are such a great deal for automobile manufacturers why are they all partnering with each other
- spoiler alert: hedging their bet; same reason oil companies have joint venture when drilling multi-billion-dollar plays; this is not rocket-science
PBR goes ex-dividend today, chart:
- P/E: 5
- yield: 18.6%
- 52-week high: $16.09
- yesterday's close: $15.96
US crude oil build of 9 million bbls: an anomaly.
Amazon: sold 40-year notes at 4.1% pre-tax interest rate; link.
- for every $1.00 it borrowed, it will still be paying 4.1 cents of interest in 40 years;
- what will the FCF yield be in 2062 on the $1.00 in proceeds that Amazon used to buyback shares?
- massive accretion over time
Wuhan flu: Shanghai bans private cars on roads to stem Covid surge.
- I can't make this up; link here.
- maybe "law" won't apply to those wearing masks and driving an EV;
Wuhan flu: great lock down graphics, link here;
Natural gas graphic on which utilities and stakeholders rely, link here:
- natural gas is currently more expensive that any point in any EIA scenario for the next 30 years:
- predictions, natural gas price at these scenarios:
- $6.90, low oil and gas supply;
- $3.90, high oil price
- $3.90, low oil price
- $3.00, high oil and gas supply
- natural gas today: $7.00
- can't make this stuff up;
What's wrong with this picture? This graphic.
- nothing
- the dot.com frenzy was just early;
- the internet fundamentally changed the world;
- there have never been better scalable businesses that created so much value for so many customers:
- Apple, Google, Meta, Amazon, Netflix
Texas: natural gas power demand hits 11-year low, link here:
- wind power
- high natural gas prices
GasBuddy has jumped the shark; note at except for cash, the price changes were inconsequential:
and even the "cash price: was inconsequential:
- regular, cash: from $4.63 to $4.55 (whoo-hoo; a 1.7% drop on almost 5-handle gasoline)
- regular credit: $4.69, no change
- plus: $5.19, no change
- V-Power: $5.69, no change
- diesel: $4.99, no changee
- has GasBuddy become a tool of the Biden administration;
- what a doofus;
NATO: new members, Sweden and Finland; link here.
- meanwhile, diplomats still looking to crossing "t's" and dotting "i's" on Ukraine's application
- can't make this stuff up
Graph of the day, the Putin Price Hike, link here.
