Headlines — Monday, December 4, 2023

Locator: 46229B.

Spotify: announces more layoffs. Third round of layoffs this year. Best streaming service, 2023. Agrees. Except for Apple users. LOL. How MacRumors reported the story.

Virgin Galactic: done with space flights?

Nvidia, #1: AMD — #2 — Piper Sandler. Link here.

Narrowing to look at the valuations, the team rates Nvidia at Overweight with a $620 price target, based on it fetching a multiple of 29 times its expected 2025 earnings. 

For comparison, the team rates AMD at Overweight with a price target of $150, based on it fetching a multiple of 43 times its expected 2024 earnings. “We believe that AMD remains a premier player in the compute space with numerous tailwinds going its way,” 

Piper wrote. “When compared to NVDA however, we hold the view that NVDA offers a much more compelling multiple at these levels.”

Intel:

SpaceX: to launch Amazon satellites. Link here. Speaks volumes.

Personal investing: today — new money, % allotment today —

• bought MSFT — 95%
• boght NOG -- 5%

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. 

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Back to the Bakken

WTI: $74.07.

Wednesday, December 6, 2023: 158 for the month; 158 for the quarter, 728 for the year
None.

Tuesday, December 5, 2023: 158 for the month; 158 for the quarter, 728 for the year
39309, conf, Hess, SC-JW Hamilton-153-99-1314H-8,
39148, conf, Enerplus, LK Bice 147-96-6-31-5H,
31769, conf, BR, Ivan 4-1-29MBH,

Monday, December 4, 2023: 155 for the month; 155 for the quarter, 725 for the year
None.

RBN Energy: Amidst a production revival, the offshore Gulf of Mexico faces new challenges.

Crude oil production in the offshore Gulf of Mexico (GOM) increased by more than 50% from 2013 to 2019, an extraordinary period of growth supported by new discoveries, new offshore platforms and new subsea tiebacks. Then, battered by Covid and major hurricanes, GOM output stumbled in 2020 and 2021, twice falling to less than 1.1 MMb/d, barely half the all-time mark of 2.04 MMb/d achieved in August 2019. More recently, production in the Gulf has been rebounding. But despite these gains — and a relatively mild 2023 hurricane season in the central and western Gulf — the region faces new challenges, including federal leasing delays, a significant oil spill, and an endangered species of sea giants known as Rice’s whales.