Saturday, January 14, 2023

First Of Two Big Stories Reported Yesterday -- January 14, 2023

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.   

There were two huge stories reported yesterday.

Here is the first of those two.

Apple.

To put this in perspective, for Big Pharma a "one-billion-dollar-in-sales (annual)" is a blockbuster drug for Big Pharma. They don't come often but when a pharmaceutical company books $1 billion in sales in one year for a single drug, that's a huge, huge story.

Yesterday someone noted that Goldman Sachs lost $1.2 billion due to a single Apple "product."

Link here

This is huge on several levels. 

For me personally, this is most interesting. Have you ever been charged (usually, about $25) for a late payment on a credit card? I have. Rarely and it's usually due to simply forgetting to pay on time, especially with a credit card I seldom use. 

At best, the credit card company reminds you after the deadline has passed, and you've already been assessed that late fee.

Apple Pay doesn't let that happen. If Apple has not received your payment within twenty-four hours (or thereabouts) of its due date, Apple sends you a reminder so you have a chance to "beat" that late fee. I wouldn't be surprised if someday, they take it a step further, and for "good" accounts, not only remind you of the due date pending, but adding an extra day or two if you've been a good credit card customer. 

I'm not sure, but I think Apple is moving toward a BNPL format -- buy now pay later -- which is now favored by many millennials. 

There are additional advantages with using Apple Card. 

But think about this.

Goldman Sachs. A bank. Market cap: $130 billion. Credit cards / its credit card division is a huge profit center for the bank. It's what banks do. Make money on credit cards.

But Apple. Credit cards -- for Apple the credit card division is a sideline -- probably run by some intern. LOL. And Apple has time to make its credit card division better. Its market cap? $2.15 trillion and will hit $3 trillion before GS hits $500 billion. 

Yes, this is a huge story. 

By the way, look at the photo above. With GS, most folks carry plastic. With the Apple Card, just carry your iPhone.

And, with Apple, you actually have three "options": Apple Pay, Apple Card, and Apple Cash

Okay, now look at this. 

This was posted last week before the GS story came out:

  • AAPL's biggest "outside" shareholder? Warren Buffett (BRK)?
  • who does Tim Cook call when he needs investment advice? And who picks up the phone personally?
  • if so, remember, if there's one thing Buffett knows and knows well, it's banks.

Really exciting. Even I have "Apple Wallet" -- linked with a non-Apple credit card.

From CNBC, June 7, 2022:

The second of two big stories later. That one will be an "oil" story. Crude oil.

Updating Petro-Hunt Monster Wells In Charlson Oil Field -- January 14, 2023

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

In notes like this, lots of data, there is likely to be more errors than usual. If this is important to you, go to the source.  

Updating these Petro-Hunt monster wells. 

See this post.  

HOOOOOLY MACKEREL! These are great wells.

Spend some time on these wells, and note the TD (well under 20,000'); and note the newest wells are barely two years old. 

The parent well was drilled in 2009; then four drilled in 2019, and then two more drilled in early 2021.  Note the parent well's huge jump in production in 2019.

Narrative unchanged but the production data has been updated, as well as IPs in some cases:

From the north:

  • 34658, 1,050, Petro-Hunt USA 153-95-3A-10-4H, Charlson, F, t8/19; cum 240K 1/21; cum 505K 11/22;
  • 34657, 1,328, Petro-Hunt USA 153-95-3B-10-3H, Charlson, F, t8/19; cum 510K 1/21; cum 806K 11/22;
  • 34656, 1,131, Petro-Hunt USA 153-95-3B-10-2H, Charlson, AL, t8/19; cum 217K 1/21; cum 371K 11/22;
  • 34655, 1,748, Petro-Hunt USA 153-95-33-10-1H, Charlson, F, t8/19; cum 495K 1/21; cum 702K 11/22;

This well goes over 500,000 bbls cumulative, and the well does it with a flourish:

  • 17668, 1,163, Petro-Hunt, USA 3D-4-4H, Charlson, t9/09; cum 505K 8/19; cum 668K 1/21; cum 804K 11/22;

This well was first drilled in 2009, fourteeen years ago.

The two wells that will parallel #17688:

  • 34654, 903, Petro-Hunt USA 153-95-3D-10-6H, Charlson, producing, 1/21; t1/21; cum 446K 11/22;
  • 34653, 653, Petro-Hunt USA 153-95-3D-10-5H, Charlson, nice well, 1/21; 6K after first 12 days; t2/21; cum 396K 11/22;

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Updated Narrative / Data

The wells and selected production data:

  • #17668: huge jump in production in 2019 
    • first drilled in 2009
    • then huge jump, 2019:
BAKKEN3-202031148271496534552108120599266
BAKKEN2-2020291667216778426123094197073185
BAKKEN1-2020311886018850508025596025380
BAKKEN12-2019311986120322566426960026750
BAKKEN11-2019302165421299629729830029621
BAKKEN10-2019312365623673692225886199435776
BAKKEN9-2019232022819660602228038189659058
BAKKEN8-20193136475367396566253841320812176
BAKKEN7-2019745363961510747534131622
BAKKEN6-20193145464322652480
BAKKEN5-201931187920481632716248515
BAKKEN4-2019301652160022026002236155
BAKKEN3-20193121402447317334431280
BAKKEN2-201927230422414273693342976
BAKKEN1-201931259825894434288399379
  • #34654
    • TD: 17046 
    • IP: 1/21
    • cum: 446K 11/22;
BAKKEN1-20223122769227748452605531580228096
BAKKEN12-20213124699247618617600291553026541
BAKKEN11-20213026649266548240571161608823059
BAKKEN10-20213127378272447462484901433516509
BAKKEN9-2021302823128182724948035981821749
BAKKEN8-20213132934331237704551741309426900
BAKKEN7-20213132411323448581529021154026159
BAKKEN6-20213034288341889256546221347524561
BAKKEN5-20213129004290048919445681388314435
BAKKEN4-20213027206271051024542134151422832
BAKKEN3-2021312574525853986031994232677794
  • #34653
    • TD: 17262 
    • IP: 2/21 
    • cum: 396K 11/22;
BAKKEN10-20213124345241166698566441662419555
BAKKEN9-20213025246254096853536061056025334
BAKKEN8-20213128161281827652536121300925522
BAKKEN7-20213127081268756703466981026022922
BAKKEN6-20213027513275677475449641100620411
BAKKEN5-20213125002249146857380811193712141
BAKKEN4-2021302277322868613635972131019243
BAKKEN3-2021312318023036733228985205407611
BAKKEN2-2021282834128487101494405443007852
BAKKEN1-20211259065342130273887031336

Soccer: Granddaughter’s Team Won Today — Won All Three Of Their Games — Texas Governor’s Cup — January 14, 2023

Details slow to be reported. Will update as I get details.

Total goals scored: 6.

Total goals scored against Olivia's team: 2.

One shut-out. 

2 - 1
3 - 1
1 - 0

Coal: Germany And The Greens -- January 14, 2023

Updates

January 16, 2023: this doesn't add anything to the conversation but the graphic is incredible and suggest scenes from Lord of the Rings

Original Post

Coal: in Germany, surges. Link here.

  • 31% of electricity production now comes from coal
    • was only 8% back in 2015
    • Trump warned them
    • country took advice from Greta
  • and this is despite de-industrialization -- that's where you shut down industries to minimize electricity demand
  • in photo below, police are clearing a German village "condemned" for coal mine
    • police in riot gear evicting climate activists
    • stones and fireworks were thrown at the police
    • "the attacks on the police officers were 'not nice' but noted that most of the protest so far had been peaceful," said police spokesman. [I can't make this up.]
  • but look at this: Germany's Green Party had to get on board with this decision to make it happen -- and they did
  • we will see similar photo when US outlaws gas-burning stoves

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Yes, Virginia, The Dems Will Ban Your Gas-Burning Stove
The Wall Street Journal
Editorial Staff

Link here. Note: this is not written by a crackpot right-wing nut. This is by The WSJ editorial staff, probably slightly to the left of middle, wrote this op-ed. 

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Eighty-Year-Old Red Fox Stole

Forty foxes.

Heirloom from Japanese great-grandmother.


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The Lego Page



Two Huge Stories To Post Today -- January 14, 2023

Hints:

  • both involve two of the largest companies in the world (market cap, US)
  • both involve two of my favorite companies
  • both have companies who thrive on playing the long game
  • both are in completely different fields
  • both were in the news yesterday for these stories
  • one company has corporate headquarters in California
  • I don't know where the other has corporate headquarters but I associate the company with Texas
  • both stories will drive their companies' detractors nuts
  • to be posted later today 

Later:

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Lego Hunting Today

[Later: success!]

There will be a line outside the door stretching around the block!

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Spurs

Set all-time attendance record in Alamodome last night in San Antonio last night. Link here. Dynamic link.

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Lego Sailboat