Pages

Tuesday, November 14, 2023

Inflation — Recession — Disinflation — Soft Landing — November 14, 2023

Locator: 46047INV.  

Personal investing:

  • sold MRK
  • will buy BA
  • bought DVN

Disinflation: food. Exactly what I said a couple of days ago on the blog. It seems like prices have simply re-set.

Inflation: it may not have been transitory but it sure didn’t last long in the big scheme of things. So far, we have all survived. And some investors have never done so well. For two years, a buying opportunity.

Home Depot: CEO got it exactly right this morning.

Cramer: big smile. Huge fan of JPow. Agree completely.

Futures surging.

CPI: a lot will be written about this today. For the archives: came in lower than expected. Albeit, barely.

Shelter: this was the real crack today --- and that's leading to rational exuberance in the market today.

NVDA: continues to be the big story. “The Magnificent Seven”: still the market.

Foxconn: surprise earnings report.

Xi-Biden on tap.

Rivian: story to follow. Will need to raise huge amounts of money. New factory in Georgia. “Big Three” “losing money through their eyeballs.” — Cramer.

Oil: we'll come back to these two stories later, if I remember. 

From a week ago

S&P: blew through 4,400. Whoo-hoo!

More later but until then, this chart. This chart is not for this year: this is a 30-year historical pattern which will probably be entirely different this year according to reader feedback.

RACE: this is the only auto company in which I invest.


Schwab: today we're bringing our broker a bottle of champagne, a couple of stemless champagne flutes, and some nice chocolate with a note of congratulations for the successful acquisition of TDAmeritrade. It's been a challenging (horrendous) year but at least it's over and, going forward, things should be much, much better. I'm watching all the Schwab / Think or Swim ads on television -- generally during NFL games. I don't trade so I've never been interested in a "trading platform" but so many folks have so many good things to say about Think or Swim, I may have to take a look.

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

WTI: $78.82. Nothing wrong with that. And moving higher today.

No wells coming off confidential list today.

One inconsequential well comes off list tomorrow. 

RBN Energy: Enterprise's multifaceted plan for dealing with the coming deluge of Permian NGLs. Archived.

Crude-oil-focused production growth in the Permian is generating increasing volumes of associated gas that need to be processed and mixed NGLs that need to be piped to Mont Belvieu, fractionated and exported. All that suggests the need for still more infrastructure — processing plants, NGL pipelines, fractionators and export facilities — and Enterprise Products Partners, a top-tier NGL midstreamer, recently laid out a multibillion-dollar plan to help Permian producers keep pace. 

In today’s RBN blog, we discuss the new set of projects Enterprise has in the works. We recently concluded a seven-part series on the handful of large U.S. midstream companies with the sequential assets — the NGL networks — capable of taking NGL molecules from wellheads in the Permian and other liquids-rich plays to the ultimate U.S. recipients of NGL purity products, be they petrochemical plants, refineries, propane distributors, or NGL export terminals. And wouldn’t you know it, Enterprise followed up our series with a blockbuster announcement of perhaps the most comprehensive set of new NGL-related infrastructure projects in years.

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

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.