Sunday, April 2, 2023

A New Week -- April 2, 2023

Locator: 44290B.

ATT: maintains its dividend at 27.75 cents; pays 5.77%. 

OPEC oil cut: this seems to be the back story, link here to Bloomberg

  • OPEC feels US shale can no longer make up the difference caused by any cut by OPEC;
  • in addition, the US administration is clearly favoring a "no more drilling" policy; and,
  • with Russia cutting production through the end of the year (2023), it was almost too good for OPEC not to cut production.

Freeport-McMoRan: link here.

Personal finance: the current buzz among Gen Z? Cash stuffing. 

Psst: the concept has been around for decades. Money guru Dave Ramsey has advocated "cash stuffing" for decades, though I don't know if he ever called it as such, or patented/copyrighted the concept. Even back on October 25, 2022, it was "old."

There's a YouTube video from April 21, 2020, explaining the concept.

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