Monday — November 13, 2023

Locator: 46040HEADLINES. 

Personal investing: today --

• bought AAPL (in its own bucket)
  
• bought NVDA (in the tech bucket)
  
• bought BA (in the big cap / dividend bucket)
  
• will sell nothing
  

AAPL: if AAPL goes green today, even by a penny, it's going to be a huge day.

Collapse of the Russian Navy: the four-seas problem -- Peter Zeihan.

Used cars: those high prices? Yeah, like the price of eggs — transitory.

• used car prices have fallen to their lowest levels since April 2021. 
• the Manheim Used Vehicle Value Index has extended its maximum drawdown to -18%, the largest in index history. 
• used car demand is waning as borrowing rates for used cars have surged to 7.3%, sparking an affordability crisis.
• with used car prices at the top of the list causing inflation, the fall in used car prices (and the drop in rent increases) has probably done the most to head off another rate increase

Used car pricing: so you had to wait a year ... well, la de da ... from November 7, 2023

• sedans down 16% y/y here in Texas
• crossovers: down 10% year/year in Texas
• EVs: some of the biggest price declines here in Texas
• I’m seeing a lot more compact EVs in our apartment complex
• Used car pricing; that transitory inflation had nothing to do with US spending or US debt.

Recession: there will be a recession. But not yet. See GDPNow.

Got Nvidia? Check out Oracle.

Apple: iMac review. A no-brainer. I would like to know more about the reviewer’s background.

Boeing: Emirates $52-billion deal.

• the state-owned flagship Dubai carrier, a subsidiary of Emirates Group, is ordering 55 additional Boeing 777-9s and 35 777-8s, bringing the airline’s total orders for the 777X widebody jets to 205 units. 
• Emirates already operates the largest number of Boeing 777 aircraft of any airline in the world. 
• both Boeing and Airbus have highlighted the Middle East region as a major source of demand for wide-body aircraft.

Boeing: pays 8.65%. I find it amazing the Fast Money folks seem to find it hard to find stocks to recommend. And Buffett? Don’t even get me started.

Boeing: and it gets better.

 

Boeing: China last new order from Boeing was back in 2017.

Wind: for promoters and investors, a debacle. The whole renewable energy sector is a disaster.

UAW contract: not ratified. If true, absolutely predictable.

• Ford still maintains a 6.09% payout

US LNG exports: likely to double through 2027. At the link, look at Plaquemines.

• February 4, 2022: RBN Energy: Venture Global's Plaquemines project could lead next wave of US LNG development. Original MDW post.

Freeway fire: I-10 downtown LA. So many story lines here, can’t even begin.

Got meat? Tyson’s sales plunging.

Fisker: update here. To report today. Forecast: a 25-cent loss. 

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Back to the Bakken

Focus on fracking: weekly edition.

WTI; $77.28.

Tuesday, November 14, 2023: 118 for the month; 118 for the quarter, 688 for the year
None.

Monday, November 13, 2023: 118 for the month; 118 for the quarter, 688 for the year
39078, conf, Hess, RS-State D-155-92-0203H-7,
39322, conf, Oasis, Osprey 5401 44-23 4B,
37325, conf, SOGC (Sinclair), Porcupine 6-19H,

Sunday, November 12, 2023: 115 for the month; 115 for the quarter, 685 for the year
39704, conf, Oasis, MHA Moose 5090 43-7 2B,
39420, conf, Petro-Hunt, Ty Webb 148-103-1A-12-4H,
38116, conf, Enerplus, Right 148-93-05D-06H-LL,

Saturday, November 11, 2023: 112 for the month; 112 for the quarter, 682 for the year
39705, conf, Oasis, MHA Moose 5090 43-7 3B,
39419, conf, Petro-Hunt, Dean Wormer 149-102-33D-28-3H,
39077, conf, Hess, RS-State D-155-92-0203H-6,
37326, conf, SOGC (Sinclair), Porcupine 5-19H,

 

RBN Energy: midstream companies revamp their strategies to reflect changing times.

Over the past four years, we’ve documented the strategic transformation of upstream oil and gas producers from growth at all costs to the fiscally conservative concentration on accumulating free cash flow to accelerate shareholder returns. Much like their upstream counterparts, midstream corporations and master limited partnerships (MLPs) have shifted to fiscal conservatism, focusing less on growth and capital investment and more on shareholder returns, acquisitions and debt reduction. In today’s RBN blog, we examine the cash flow allocation of a representative baker’s dozen of midstream companies as they compete for investor support.

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.