Locator: 46247B.
A day that will live in infamy: GOP wants to hand over Ukraine to Putin. EU maintains the moral high ground.
Initial jobless claims:
- 220K -- exactly as forecast (222K)
- market: not spooked; up slightly after numbers released
- later: market must have loved the numbers; pre-market, DOW up 107 points; Nasdaq up almost 100 points
- AAPL is now nicely green
Nearshoring (used once before on the blog - by the way, note that Nvidia and Taylor Swift are both mentioned at that post):
- imports from Mexico now exceed those from China
- positive for UNP, other duopoly railroads
- Mexico: 2-day rail; 16%
- China: 20-day shipping; 14%
EVs: there, they said it, the fad is over. The big story: how will F, Gm, Stellantis manage?
- Luxury cars. Period. Dot. Link here.
- Nikola: the company is raising more money. The stock is plunging. Barron's.
- Tesla: smaller Model 2 could be coming out in full production next summer; Austin, TX, first; then, a new Mexico plant (not "New" Mexico, but "new" Mexico); link here.
Transitory: all that angst about "used car inflation." It's all over. It's now "used car deflation." November prices:
- down almost 6% from one year ago: deflation by definition
- down 2% from last month: deflation by definition
- and I drive past dealerships, the lots are beginning to fill up with new cars
Pipelines: mountains of troubles
- Mountain Valley: I'm beyond tired of faux environmental protestors; update in past 24 hours here;
- TransMountain: regulators made the right decision; pipeline company should have hired the Boring Company; the company said it was about "time" -- in fact, it was about cost -- but not to worry; Canadian taxpayers on the hook. Nice map here.
XOM: for the archives, Venezuela - Guyana issue on the front burner for huge oil company. XOM is now producing upwards of 700,000 bopd from Guyana (needs to be fact-checked)
- TNF on Amazon: Patriots vs Steeler
- FCS: semi-finals starting tomorrow night; through Saturday
- new ranking just before semifinals begin: SDSU (1); Montana; UAlbany; USD (4); NDSU (5); Idaho; Furman, Villanova.
- brackets and schedule here; Montana tomorrow (Friday) night; the Dakota games Saturday;
PGA:
- reigning Masters Tournament champion who said he would never leave the PGA, is leaving the PGA.
Thoughts on investing: link here.
- personal investing: fully invested as of yesterday; new money next week;
- I removed TMO from my bucket; never started a position; it ran counter to my investment plan
- will sell my very, very, very small position in WBD -- it served its purpose; now time to get out
McDonald's: to shift into its fastest-growth period in history. Are folks paying attention?
Of the new restaurants, 900 will be in the U.S., and the other 1,900 will be international, company operated and franchised stores in Canada, Germany, the U.K. and Australia. An additional 7,000 stores will open internationally that are operated by licensees, the Associated Press reported, with more than half of those store in China. Link here.
AbbVie: nice dividends, getting bigger.
Amazon: Cramer's guest last night. Incredible story.
Speaking of Cramer: he needs to spend a bit of time in the tanning booths; he is starting to look like a white Al Roker. Cramer: cadaverous.
DE: raises dividend.
Crime Story: best off its genre ... ever? Link here.
How's that for a Thursday morning lineup! LOL.
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.
******************************
Back to the Bakken
WTI: $70.21.
Sunday, December10, 2023: 163 for the month; 163 for the quarter, 733 for the year
39713, conf, Petro-Hunt, Dudley Dawson 148-103-2B-11-2H,
38255, conf, Hess, EN-State B-155-93-0916H-8,
Saturday, December 9, 2023: 161 for the month; 161 for the quarter, 731 for the year
38256, conf, Hess, EN-State B-155-93-0916H-9,
Friday, December 8, 2023: 160 for the month; 160 for the quarter, 730 for the year
31770, conf, BR, Ivan 5-1-29UTFH,
39308, conf, Hess, SC-JW Hamilton-153-99-1314H-9,
RBN Energy: pending closure of Everett LNG Terminal poses challenge for New England gas supply. Archived.
The Everett LNG import terminal, a mainstay of Boston’s gas grid, is expected to close by the end of May 2024, raising questions about future gas supply in New England. The terminal’s closure is closely tied to the imminent loss of its biggest customer, the 1,413-MW Mystic generating station — the region’s largest fossil-fuel plant.
Constellation Energy, which owns both the Everett terminal and the Mystic power plant, has said it can’t keep Everett open next year when the Mystic plant closes unless another gas purchaser takes its place. WOW. Is anyone paying attention?
In today’s RBN blog, we’ll address the impacts of Everett’s potential demise on New England in the short term and on regional gas supply during future polar vortex events.
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