"No More Drilling." "Saudi First." The Biden Legacy -- November 17, 2022

Link here.

***************************
Back to the Bakken

The Far Side: link here.

WTI: $80.94

Natural gas: $6.138.

Active rigs: 40.

Sunday, November 20, 2022: 34 for the month, 71 for the quarter, 616 for the year.
38876, conf, CLR, Nebula SWD,
38788, conf, CLR, Medicine Hole 10-27H,
37957, conf, CLR, Brangus FIU 2-11H,

Saturday, November 19, 2022: 32 for the month, 69 for the quarter, 614 for the year.
38789, conf, CLR, Medicine Hole 11-27H1,
37958, conf, CLR, Charolais South Federal 16-10HSL1,

Friday, November 18, 2022: 30 for the month, 67 for the quarter, 612 for the year.
None.

RBN Energy: the steady march higher for octane prices driven by demand, tighter supplies.

While we’ve seen up-and-down spikes in stock market indices, cryptocurrency values and the prices of crude oil and motor fuel in recent years, the price of one important commodity has been quietly but relentlessly rocketing higher — octane, the primary yardstick of gasoline quality and price. The steady rise in octane prices is tied in part to the fundamental change in how octane is valued, with the retail market now being impacted more by demand than production costs. In today’s RBN blog, we look at why octane prices have climbed over the past decade and what market factors are limiting its supply.

For Investors -- November 17, 2022

Link here.

Walmart Vs Target -- November 17, 2022

3Q22:
Walmart: an incredible third quarter.
Target: an awful quarter.

Link. 

Four differences between Target and Walmart:

Grocery routine vs occasional stop:

• Walmart gets a far bigger share of its sales from groceries than Target, which is helping it draw shoppers looking to save money as inflation squeezes budgets.
• Groceries account for 56% of Walmart’s annual revenue, compared with just about 20% at Target, according to company filings. Walmart is the country’s largest grocer by revenue.

Low prices vs fun finds:

• Walmart is known for its mantra of “everyday low prices” and its focus on value has become synonymous with its name. Founder Sam Walton built the company on a no-frills approach aimed at making groceries and other products more affordable.
• As Americans increasingly watch their budgets, the big-box retailer’s reputation as a discounter is giving it an edge. And the company has flexed its ability to use its size and scale to keep prices low.
• Walmart’s McMillon speaks often about the company being a price leader — and more recently, an inflation fighter. For Thanksgiving, the company said it would hold down the price of foods like turkey and ready-to-heat macaroni and cheese to last year’s levels. [Walmart has succeeded.]
  

Planned purchases vs impulse buys:

• About 21% of sales at Target come from unplanned purchases, according to GlobalData research from before the pandemic. At Walmart, the figure is about 12%.
• In an inflationary environment, those shopping sprees – and impulse buys – become a tougher sell.

Shopper spending power:

• During the pandemic, Target benefited from its middle-income customers, who suddenly felt flush with cash from stimulus checks and the money they weren’t spending on dining out, travel or sending kids to summer camp.
• Those shoppers helped Target’s sales grow dramatically during the pandemic. Its annual revenue rose about 36% to $106 billion in 2021, the most recent full fiscal year, from 2019.

US Television Time -- November 17, 2022

Investors.

Streaming: link here. Streaming wars.

The stats. Nothing here gives me a warm fuzzy as an investor.

Case 29743 -- NDIC Dockets -- December 2022

From the NDIC December, 2022, hearing dockets:

Graphics:

The first three graphs go together:

Stand-alone graph for five overlapping 2560-acre drilling units.

NDIC Hearing Dockets -- December, 2022

 Link here. 

The NDIC hearing dockets are tracked here.  

The usual disclaimer applies. As usual this is done very quickly and using shorthand for my benefit. There will be factual and typographical errors on this page. Do not quote me on any of this. It's for my personal use to help me better understand the Bakken. Do not read it. If you do happen to read it, do not make any investment, financial, job, relationship, or travel plans based on anything you read here or think you may have read here. If this stuff is important to you, and I doubt that it is, but if it is, go to the source.

Wednesday
December 14, 2022
Twelve pages

The cases. These are cases, not permits:

• 29703, NDIC, Squaw Creek, consider a name change; McKenzie County
• 29704, NDIC, confiscated equipment, Billings, Burke, Golden Valley, McKenzie counties; 
• 29705, Petro-Hunt, Kittleson Slough-Bakken; extend the field, all of sections 19 and 30-159-91; establish a standup 1920-acre unit, sections 19, 30, 31-159-91; four wells; Burke County
• 29706, Empire North Dakota, Sherman-Madison, extend to include W/2 SE/4 and NE/4SE/4 of section 26-162-28; establish a laydown 320-acre unit, SW/4 of section 25 and SE/4 of section 26-162-82; two horizontal wells; Bottineau;
• 29707, BR, Crooked Creek-Bakken; amend, establish an overlapping standup 1920-acre unit, sections 11, 14, 23-143-97; three wells; Dunn County
• 29708, BR, Crooked Creek-Bakken; amend, establish an overlapping 3840-acre unit; sections 10,11,14, 15, 22, 23 - 143-97; one well; Dunn County
• 29709, BR, Crooked Creek and/or Willmen-Bakken, amend, establish an overlapping 1920-acre unit; sections 26,35 - 143-97 and section 2-142-97; two wells; Dunn County; 
• 29710, BR, Crooked Creek and/or Willmen-Bakken, amend, establish an overlapping 3840-acre unit; sections 26, 27. 34, 35 - 143-97 and sections 2, 3-142-97; one well; Dunn County; 
• 29711, BR, Crooked Creek, Fayette, and/or Willmen-Bakken, amend, establish an overlapping 3840-acre unit; sections 25, 26. 34, 35, 36 - 143-97 and sections 1, 2, -142-97; one well; Dunn County; 
• 29712, Hess, Beaver Lodge and/or Dollar Joe-Bakken, amend, establish an overlapping 2560-acre unit; sections 27, 28, 33, 34-156-96; one well; Williams County
• 29713, Hess, Ross and/or Alger-Bakken, amend, establish an overlapping 2560-acre unit; sections 14, 15, 22, 23 - 156-92, one well; Mountrail
• 29714, Hess, Robinson Lake-Bakken, amend, establish an overlapping 2560-acre unit, sections 3, 4, 9, 10-154-93; Mountrail
• 29715, CLR, revokee, #39366, Williams
• 29716, Ovintiv, Westberg-Bakken; to authorize an additional thirteen wells on a 1280-acre unit; sections 13, 24-152-97; authorize two wells to be drilled on two 2560-acre units, sections 13, 14, 23, 24-152-97; and sections 13, 24 -152-97 and sections 18, 19-152-96; seventeen wells total; McKenzie County;
• 29717, Ovintiv, pooling,
• 29718, Ovintiv, commingling
• 29719, BR, pooling
• 29720, BR, pooling,
• 29721, BR, pooling
• 29722, BR, pooling,
• 29723, BR, pooling;
• 29724, BR, commingling;
• 29725, Hess, Ross-Bakken, amend, authorize five wells on a standup 1280-acre unit, sections 14, and 23-156-92; Mountrail
• 29726, Hess, pooling;
• 29727, Hess, pooling;
• 29728, Hess, pooling;
• 29729, Hess, pooling;
• 29730, Grayson Mill, commingling
• 29731, Grayson Mill, commingling
• 29732, Oasis, commingling
• 29733, Oasis, commingling
• 29734, Oasis, commingling,
• 29735, Neptune Operating, commingling;

Thursday
December 15, 2022
Twelve pages

The cases. These are cases, not permits:

• 29736, Enerplus, Lone Butte-Bakken, amend, establish an overlapping 2560-acre unit; sections 17, 18, 19, 20 - 147-97; one well; Dunn County
• 29737, Enerplus, Heart Butte-Bakken, amend, establish an overlapping 2560-acre unit; sections 17, 18, 19, 20 - 149-92; one well; Dunn County
• 29738, Enerplus, McGregory Buttes and/or South Fork-Bakken, amend, establish an overlapping 2560-acre unit; sections 4, 5, 8, 9 - 148-93; one well; Dunn County
• 29739, Enerplus, Spotted Horn and/or Mandaree-Bakken, amend, establish an overlapping 1280-acre unit; section 1-150-95 and section 6-150-94; establish an overlapping 2560-acre unit; sections 35, 36-150-94 and sections 1, 2-149-94; one well; and, establish an overlapping 3840-acre unit, sections 5, 6, 7, 8, 17,18-150-94; one well; Dunn County 
• 29740, NDIC, remove operator, Eagle Operating, #13076
  
• 29741, Resonance Exploration, Landa-Madison pool; to create a 560-acre spacing unit, section 35; a multi-lateral horizontal well; Bottineau;
• 29742, CLR, Charlson and/or Elm Tree-Bakken, amend, establish an overlapping 3840-acre unit; sections 5, 6, 7, 8, 17, 18 - 153-94; one well; McKenzie County
  
• 29743, WPX, Heart Butte-Bakken, i) establish an overlapping 640-acre unit, W/2 sections 10 and 15 - 149-02; five wells; ii) establish an overlapping 640-acre unit, E/2 of sections 12 and 13-149-92; four wells; iii) establish three overlapping 1280-acre units, E/2 of sections 12, 13-149-92 and W/2 of sections 7, 18 - 149-91; sections 8, 9; and, sections 9, 10-149-91, one well; iv) five overlapping 2560-acre units, W/2 of section 1, all of section 2, the E/2 of sections 3 and 10, all of section 11, and the W/2 of section 12-149-92; sections 7, 8, 17, 18-149-92; the W/2 of section 13, all of section 14, the E/2 of sections 15, 22, all of section 23 and the W/2 of section 24-149-92; sections 21, 22, 27, 28-149-92 and sections 21, 22, 27, 28-149-91; one well; Dunn and Mountrail counties. See this post.
  
• 29744, WPX; Moccasin Creek, McGregory Buttes and/or South Fork-Bakken,  i) establish an oveerlapping 1280-acre unit; sections 25, 26-148-93; one well; ii) establish three overlapping 1280-acre units, sections 20, 21, 28, 29, 32, 33; sectionns 21, 22, 23, 26,27, 28-148-93; and, sections 35, 36-148-93 and sections 1,2, 11, 12 - 147-93; one well; Dunn County;
• 29745, WPX; South Fork, Moccasin Creek and/or Heart Butte-Bakken; amend, create an overlapping 3840-acre unit, sections 19, 20, 29, 30-148-92; one well; Dunn County
• 29746, Iron Oil, risk penalty legalese;
• 29747, CLR, pooling;
• 29748, CLR, pooling;
• 29749, CLR, pooling;
• 29750, CLR, commingling
• 29751, Crescent Point, pooling;
• 29752, Hunt Oil, pooling;
• 29753, EOG, pooling;
• 29754, WPX, Heart Butte-Bakken; i) six wells on an existing 640-acre unit, sectin 9-149-91; ii) nine wells on an existing 1280-acre unit; E/2 of section 10, all of section 11, and W/2 of section 12-149-92; Dunn County
• 29755: WPX, pooling;
• 29756, WPX, pooling;
• 29757, WPX, pooling;
• 29758, WPX, pooling;
• 29759, WPX, pooling;
• 29760, WPX, pooling;
• 29761, WPX, pooling;
• 29762, WPX, pooling;
• 29763, WPX, pooling;
• 29764, WPX, pooling;
• 29765, WPX, pooling;
• 29766, WPX, pooling;
• 29767, WPX, pooling;
• 29768, WPX, pooling;
• 29769, WPX, commingling;
• 29770, Grayson Mill, SWD,
• 29771, Hydra Services, SWD
  
• 29772, Hunt, SWD,
• 29773, Dakota Fluid Solutions, SWD
• 29774, Crescent Point, SWD
  

Thursday (Supplement)
December 15, 2022
One Continued Case

Thursday ( Supplement)
December 15, 2022
One Continued Case

TNF - NFL - Amazon Prime -- November 17, 2022

Updates

Later, 9:23 p.m. CT: score is 20 - 17. Without question, TNF is much better than anyone expected. Tonight's Tennessee - Green Bay game may be the most anticipated game this week.

Original Post 

You won't find this on your television schedule tonight; you will only find it on Amazon Prime:

• Tennessee vs Green Bay

The Apple Page -- November 17, 2022

Link here.

***************
The Movie Page

The Fugitive, 1993, link here and here.
Hunt The Man Down, 1950, wiki, and no mention, unfortunately of The Fugitive.

Lots Of Great Opportunities -- November 17, 2022

Look at movers and most active:

NVDA and MSFT partner. Link here.

I dislike MSFT; thought I would never invest in MSFT but growth / yield to good to pass up. Started accumulating last earlier this year, along with NVDA.

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

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.

The Biden Policy: No More Drilling -- November 17, 2022

Link here.

And WTI Drops Below $84 -- November 17, 2022

And WTI drops below $84.

Apparently no one cares. Or not paying attention. Or see a recession. Or see the following rate hikes: 50 basis points, December, 2022. Then, 25 basic points monthly for three months through 1Q23.

Link here.

**************************
China Re-Opening -- Or Another Head Fake?

Link here.

*********************************
Demand

Link here.

Link here.

Link here. The thread has a number of interesting graphs.

EVS: NFM -- A New Tag -- November 17, 2022

Themes.

EVs: not for me.

Tesla, link here, Barron's, reliable source:

Ticker RIVN:

Link here.

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

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. 

Vs? Any dividends?

Another reason to stay focused on dividends. Checking a company's dividend policy is part of all that "due diligence" talk.

With one (?) exception I don't invest in Canadian companies simply because I don't like the tax policy.

Link here.

Thursday Morning -- November 17, 2022

MDU: announces an increase in its quarterly dividend, from 21.75 cents, to 22.25 cents.  

Morning brief, link here:

Macy's: beats. Holy mackerel --

Here’s how Macy’s did in its fiscal third quarter compared with what analysts were anticipating, based on Refinitiv estimates:

• Earnings per share: 52 cents adjusted vs. 19 cents expected
• Revenue: $5.23 billion vs. $5.2 billion expected

Cisco

• CNBC

• bizjoournals

It's starting:

• ISO NE
• ISO NY

*************************
Back to the Bakken

The Far Side: link here.

Active rigs: 40.

WTI: $$84. Peace is breaking out.

Natural gas: $$6.424.

Friday, November 18, 2022: 30 for the month, 67 for the quarter, 612 for the year.
None.

Thursday, November 17, 2022: 30 for the month, 67 for the quarter, 612 for the year.
38818, conf, CLR, Bonneville 10-23H1,
38521, conf, Whiting, Kannianen 11-5-2HU,
37429, conf, Hess, EN-Madisyn-LE-154-94-0705H-5, 
35716, conf, Enerplus, FB Leviathan 151-94-27A-34-12T,

RBN Energy: is Texas ready? [I'm so tired of this.]

The energy landscape in Texas has undergone significant changes in the two years since the calamitous events of Winter Storm Uri in February 2021. The extreme weather wreaked havoc on the state’s electric generation and natural gas systems, and subsequent investigations resulted in two reform bills — Senate Bill 2 and Senate Bill 3 — aimed at installing new leadership at the Electric Reliability Council of Texas (ERCOT), the electric grid operator, and requiring state regulators to develop rules and standards to address the points of failure in electricity and natural gas infrastructure and operations. Since the bills were signed into law in June 2021, oil-and-gas, electric-grid and utility monitors have adopted a number of requirements, some more prescriptive than others. In today’s RBN blog, we highlight what has changed and where there are still potential gaps.