Clearing Out The In-Box -- July 11, 2023

Locator: 45085MISC.

I was gone for ninety minutes and my in-box filled with news items.

Recession? Sure. Not. Late afternoon surge:

• Volume
• average: 305 million shares traded on NYSE
• today: 282 million shares traded

Courts:

• it's my impression the US Supreme Court doesn't like getting involved in cases like this, but "someone" better get this sorted out before we start seeing headlines with "banana republic" in The WSJ.
• by the way, this is why I disagree with the SCOTUS ruling on college student debt repayment (I flip-flopped on this after reading comments alleged to have been made by ACB).
  

Texas:

• I've often mentioned Hilcorp in my blogs; didn't know much about the company;
• here's a must-read article on Hilcorp in The WSJ.

Ukraine: F-16s. 

• Peter Zeihan.

"Greedflation": US moms know how to manage "greedflation."

• link to Bloomberg via MSN.
• for the past week or so, starting before July 4th, Target has cut the price of potato chips by almost 50%;
• sale lasting longer than expected;

Turkey: bad news for Putin.

• link here to The WSJ.

Mexico: becoming an also-ran in field of oil and natural gas; nice for US to have Mexico has a neighbor;

• Peter Zeihan.

WTI: happy days are here again?

• Josh Young: link here.
• what do investors want?
• fastest growing US (global?) oil company
• trading at $50
• 52-week high: $80
• pays 9%
• guess the company
• S&D? I'll believe it when I see it. Link to Staunovo.
• before anyone gets too excited, we're not even at $80, much less $100!

If you know, you know:

• UAE sets stricter emission target; link to Bloomberg;
• photo;
• Staunovo;

Trans Mountain: will never be profitable?

• link here to Staunovo.