Sunday, April 9, 2023

For The Archives -- Watching The Price Of Gasoline Heading Into "Driving Season" -- April 9, 2023

Locator: 44349B.

From oilprice.com, April 9, 2023:

It's very likely we won't see $100-oil this year (2023) but it will be interesting to track the price of gasoline.

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Clearing Out The In-Box -- April 9, 2023

Locator: 44346B.

Clearing out the in-box.

Passport processing, link here. Bigger story being missed.

The Department of State is committed to providing the best possible service for our passport customers. We encourage all Americans to check their passport expiration date before making any definitive plans for international travel, and to take action to renew their passport well in advance of international travel this year.
This is especially important as we approach what is expected to be our busiest summer travel season on record.

And, just like, this pops up, link here. China international flights surge. 

American factories are back, link here to The WSJ. 

Production at U.S. factories rose last year, but few things were produced at a more furious pace than factories themselves.

Construction spending related to manufacturing reached $108 billion in 2022, Census Bureau data show, the highest annual total on record—more than was spent to build schools, healthcare centers or office buildings. 

New factories are rising in urban cores and rural fields, desert flats and surf towns. Much of the growth is coming in the high-tech fields of electric-vehicle batteries and semiconductors, national priorities backed by billions of dollars in government incentives. Other companies that once relied exclusively on lower-cost countries to manufacture eyeglasses and bicycles and bodybuilding supplements have found reasons to come home.

The pursuit of speed and flexibility prompted sock manufacturer FutureStitch Inc., which has factories in China and Turkey, to open a new one in Oceanside, California, last summer—the company’s first in the U.S.

Comment: should have opened in El Paso or McAllen, Texas. Just saying.

Saudi? Oil, oil, everywhere. Link to The WSJ. 

Pence? Tone-deaf. Link to The WSJ. 

I have no time for this "wing" of the GOP which includes the governor of Texas. How does one spell "medievel"? 

One exception was former Vice President Mike Pence, a likely presidential candidate, who said on Friday, “When it approved chemical abortions on demand, the FDA acted carelessly and with blatant disregard for human life and the wellbeing of American women, and today’s ruling fixed a 20 year wrong.” 

A "20-year wrong." OMG.

And, of course, the Texas' governor's response to Uvalde, five words that should live in infamy: "It could have been worse." And, no, I'm not taking that out of context.

Elon Musk: I've flip-flopped on Elon Musk so often, I, myself, no longer know how I feel about Musk. But today, I don't have good thoughts about Musk. Link here to social media.

Reuters technology roundup:




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Ovintiv -- Permian -- Bison Interests -- April 9, 2023

Locator: 44348B.

Link here. 

15-point thread.

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Gun Deaths And Kids -- April 7, 2023

Locator: 44331B. 

Updates

April 9, 2023: of the top ten leading causes of death in the US, where does "suicide" rank? Link here.

Original Post 

The chart posted earlier (see below) certainly raises a lot of questions.

The first three questions that came to mind for me:

  • the chart runs through the end of 2022. We're well into April, 2023, what were the statistics in 2022?
  • is there any other public health "macro" statistics  of which anyone knows that had a jump of 50% in a similar time span?
  • flipping the chart over, is there any public health "macro" statistics of which anyone knows that had a decline of 50% in a similar time span?

I can come up with many examples to answer the third question.

It's more difficult to come up with examples to the second question.

For the first question, certainly we can get a better link, but for now this will work. Link here.

From earlier:

Just the facts, link here.

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Micron -- April 9, 2023

Locator: 44342B.

Link here.


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Schwab — April 8, 2023

Locator: 44341B.

Schwab.

Four links.

JD Power, link here.

TROY, Michigan: 4 April 2023 — In 2022, Wall Street experienced its worst year since 2008, with the S&P 500 finishing down nearly 20%.
Mirroring that performance, investor satisfaction with full-service investment advisors plunged 17 points (on a 1,000-point scale) year over year, according to the J.D. Power 2023 U.S. Full-Service Investor Satisfaction Study.
That lockstep movement between market performance and investor satisfaction highlights a real challenge in the wealth management industry.
Key findings of that study:
  • full-service advisor satisfaction plunges;
  • a small fraction of advisors are currently offering comprehensive advice;
  • just more than half of full-service wealth clients have financial plans;
  • younger clients ready to vote with their feet.

Comment: it would be interesting if there is a correlation between satisfaction with one's FSIA and face-to-visits vs remote visits only.

I'll get back to that comment later.

Inflows, link here.

March 17 (Reuters) - Financial broker Charles Schwab reported $16.5 billion in core net new assets for the week on strong inflows from clients moving funds amid several high-profile collapses that have whipsawed the U.S. banking sector.
The Texas-based company's stock pared losses to trade 3.2% lower. It had fallen as much as 6.4% earlier in the day.
Charles Schwab had also recorded an influx of $4 billion in assets to its parent company last Friday as clients shifted assets to the broker from other firms, CEO Walt Bettinger told Reuters in an interview earlier this week.

Schwab ETF, link here.

(Bloomberg) -- Wall Street’s model-portfolio boom appears to have flashed its invisible power for the second time in this week after a once-sleepy Charles Schwab Corp. bond exchange-traded fund received another monster inflow.
About $2.6 billion entered the Schwab 5-10 Year Corporate Bond ETF (ticker SCHI) on Thursday, according to data compiled by Bloomberg, adding to the nearly $2 billion that flowed into the fund on Monday.
Assets in the ETF have surged more than ten-fold from the end of last week, racking up the largest inflows among US ETFs tracked by Bloomberg over that period.
While it’s often difficult to determine precisely who is behind a fund flow, such large additions suggest the adjustment of a model portfolio. These products are essentially off-the-shelf investment strategies, usually comprising a set of ETFs, which are offered by large asset managers direct to their investors. Falling fund management costs, improving technology and a new era of retail investing have combined to see their popularity explode in recent years.

AUM ranking, link here. When you're #49, you try harder. 

Comment: it would be interesting if there is a correlation between satisfaction with one's FSIA and face-to-visits vs remote visits only.  

We are quite fortunate. We live in a city that has a brick-and-mortar Schwab office. My wife and I like to meet with our assigned broker on a monthly basis, but, in fact, only accomplish that ever three or four months. However, our broker -- not Schwab-the-office but our actual broker -- schedules a monthly luncheon and presentation for her clients. Perhaps more on that later. 

Face-to-face visits with one's broker, in my mind, makes all the difference in the world. The monthly luncheons are "the cherries on top of those ice cream cones."

With regard to a plan. 

I have never been happier nor more relaxed now that I have a plan. I've always had a "general" plan but nothing really refined, defined, or written down. About a year ago, I put my plan in writing so that my heirs could better understand the portfolio they will inherit. I review the plan monthly and update it as needed. 

The components of the plan:

  • goal;
  • time horizon;
  • investment philosophy;
  • pyramid picture:
    • foundation
      • emergency fund; monthly expenses; life insurance; 
    • savings
      • savings for specific big-ticket items; 
    • investing
      • managed investments
      • personal ("unmanaged") investments
      • investment dollars;
      • asset buckets from which to draw;
      • asset mix for new dollars;
      • when to invest
  • revenue stream (source of investment dollars);

Financial advisor:

  • for now, no financial advisor (perhaps I will comment on this later)
  • however, my estate will include funds for a financial advisor to advise my heirs and executor

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. 

Even more links.

Bloomberg, link here. 


From the linked article:
Charles Schwab Corp.’s top executives said core net new client assets hit $53 billion in March, a month that rocked the company as turmoil engulfed the broader banking sector.
The March flows were the second-highest for that month in the firm’s history, its founder and namesake Charles Schwab and Chief Executive Officer Walt Bettinger said in a statement Thursday.
They’ve been seeking to assuage concerns about Schwab’s outlook, after investor attention turned to ballooning unrealized losses in its financial statements. Investors dumped shares of Schwab, which lost more than 37% of their value in the first three months of the year — making it Schwab’s worst quarter since the 2008 financial crisis.
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Hess Haug And GO-Haug Wells In Wheelock

Locator: 44345B. 

The parent well:

  • 19395, 778, Hess, Haug 14-19H, Wheelock, t4/11; cum 264K 2/23;

The new pad:

  • 38564, conf, Hess, GO-Haug-LE-156-98-1917H-1, Wheelock,
DateOil RunsMCF Sold
2-20232297842964
1-20231984932725
12-20222291839244
11-20224528063459
10-20221544923889
  • 38563, F/A, Hess, GO-Haug-LE-156-98-3031H-1, Wheelock, t--; cum 136K 2/23;
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN2-2023251667616711302073070430289415
BAKKEN1-20232625243252804056442075403961679
BAKKEN12-20222624857247903643948708452373471
BAKKEN11-20223039418395406715473964697184246
BAKKEN10-20221130056297752194226659223254334
  • 38562, conf, Hess, GO-Haug-156-98-1918H-6, Wheelock, no production data,
  • 38561, conf, Hess, GO-Haug-156-98-3031H-6, Wheelock, no production data,
  • 38560, conf, Hess, GO-HAUG-156-98-3031H-5, Wheelock,
DateOil RunsMCF Sold
2-20232680647719
1-20232249336874
12-20221472924309
11-20224093962564
10-20223795552282

38559, conf, Hess, GO-HAUG-156-98-1918H-5, Wheelock,

DateOil RunsMCF Sold
2-20231180019355
1-20232005734399
12-20222285241365
11-20224689467246


The maps:



 From google:




The Epping CBR terminal went into operation around 2010.

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Initial Production Data For Wells Coming Off Confidential List This Next Week -- April 9, 2023

Locator: 44344B.

The wells:

  • 38868, conf, Lime Rock Resources, Twist 4-4-9H-143-95, Murphy Creek, no production data,
  • 38373, conf, Oasis, Rey Federal 5201 32-11 4B, Camp,
DateOil RunsMCF Sold
2-20231888822824
1-20232378123012
12-20221374615458
11-20222809826944
10-20221203714955
  • 37476, conf, Petro-Hunt, Watterud 160-95-14B-23-1HS, Stoneview, no production data,
  • 39217, conf, SOGC (Sinclair), Grasslands Federal 14-15-5H, Lone Butte, no production data,
  • 38866, conf, Liberty Resources, CA S 158-93-21-23-3MBHX, Enget Lake,
DateOil RunsMCF Sold
2-20231888822824
1-20232378123012
12-20221374615458
11-20222809826944
10-20221203714955
  • 38638, conf,  Whiting, Braaaflat 11-11-3H, Sanish,
DateOil RunsMCF Sold
2-202348665659
1-20231479218740
12-20221238611535
11-202287565154
10-2022634181
  • 38372, conf, Oasis, Rey Federal 5201 32-11 3B, Camp,
DateOil RunsMCF Sold
2-20233829935072
1-20231949319775
12-20223479933106
11-20223435435751
10-20221536917278
  • 38560, conf, Hess, GO-HAUG-156-98-3031H-5, Wheelock,
DateOil RunsMCF Sold
2-20232680647719
1-20232249336874
12-20221472924309
11-20224093962564
10-20223795552282
  • 38559, conf, Hess, GO-HAUG-156-98-1918H-5, Wheelock,
DateOil RunsMCF Sold
2-20231180019355
1-20232005734399
12-20222285241365
11-20224689467246
  • 39184, conf, Ragnar Exploration, Galt 1-22H, Fryburg,
DateOil RunsMCF Sold
2-202352440
1-202326950
  • 38875, conf, Ovintiv, Clear Creek Federal 152-97-36-25-8H, Westberg, no production data,
DateOil RunsMCF Sold
2-20231867819314
1-20232491925239
12-20221081713255
11-20221436014780
10-20221048211988
  • 38754, conf, Ovintiv, Clear Creek Federal 152-97-36-25-14H, Westberg, no production data,
  • 36145, conf, BR, Phantom Ship 1B UTFH, Elidah, no production data,
  • 38764, conf, Whiting, Locken Federal 12-11TFX, Sanish,
DateOil RunsMCF Sold
2-202376828080
1-202394329209
12-202284016410
11-20221237810148
10-202213311558
  • 38753, conf, Ovintiv, Clear Creek Federal 152-97-36-25-13H, Westberg, no production data,
  • 38666, conf, Enerplus, Eyelet 149-93-05A-08H, these wells are tracked here; Mandaree,
DateOil RunsMCF Sold
2-20232542932792
1-20232942527377
11-20222378923432
10-20222674428306
  • 38865, conf, Liberty Resources, CA S 158-93-21-23-4MBHX, Enget Lake,
DateOil RunsMCF Sold
2-20231722821324
1-20232439424620
12-20221318915829
11-20222686127461
10-20221578319551
DateOil RunsMCF Sold
2-20231625115006
1-20231751317527
12-20221777117225
11-202285183454
10-20222468914726
DateOil RunsMCF Sold
2-20231763619434
1-20231428013190
12-20221447115663
11-20222697725748
10-20221886519659
  • 38752, conf, Ovintiv, Clear Creek Federal 152-97-36-25-7H, Westberg, no production data,

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Wells Coming Off Confidential List This Next Week -- April 9, 2023

Locator: 44343B.

SPORTS

First things first. Olivia's high school soccer team won REGIONALS in Wichita Falls yesterday, crushing their opponent 4 - 0. 

Two of the four regional finals ended in a tie at the end of regulation time, the winner decided by a shootout after an extra fifteen minutes of play still ended in a 0 - 0 tie. So, to win 4 - 0 cannot be overstated. 

So, now the winners of Regions 1, 2, 3 and 4 advance to STATE. They will play this next week.

Grapevine (Ft Worth) will play Smithson Valley (San Antonio).

Georgetown (Austin) will play Frisco (Dallas) 

Whoo-hoo!

****************************
Another Musical Interlude

Link here.

Wells Coming Off The Confidential List This Next Week

The wells:

Wednesday, April 19, 2023: 35 for the month; 35 for the quarter, 290 for the year
38868, conf, Lime Rock Resources, Twist 4-4-9H-143-95,
38373, conf, Oasis, Rey Federal 5201 32-11 4B,
37476, conf, Petro-Hunt, Watterud 160-95-14B-23-1HS, 

Tuesday, April 18, 2023: 32 for the month; 32 for the quarter, 287 for the year
39217, conf, SOGC (Sinclair), Grasslands Federal 14-15-5H,

Monday, April 17, 2023 -- taxes due: 31 for the month; 31 for the quarter, 286 for the year
38866, conf, Liberty Resources, CA S 158-93-21-23-3MBHX,

Sunday, April 16, 2023: 30 for the month; 30 for the quarter, 285 for the year
38638, conf,  Whiting, Braaaflat 11-11-3H,
38372, conf, Oasis, Rey Federal 5201 32-11 3B,

Saturday, April 15, 2023: 28 for the month; 28 for the quarter, 283 for the year
None.

Friday, April 14, 2023: 28 for the month; 28 for the quarter, 283 for the year
38560, conf, Hess, GO-HAUG-156-98-3031H-5,
38559, conf, Hess, GO-HAUG-156-98-1918H-5,

Thursday, April 13, 2023: 26 for the month; 26 for the quarter, 281 for the year
None.

Wednesday, April 12, 2023: 26 for the month; 26 for the quarter, 281 for the year
39184, conf, Ragnar Exploration, Galt 1-22H,
38875, conf, Ovintiv, Clear Creek Federal 152-97-36-25-8H,

Tuesday, April 11, 2023: 24 for the month; 24 for the quarter, 279 for the year
None.

Monday, April 10, 2023: 24 for the month; 24 for the quarter, 279 for the year
38845, conf, Enerplus, Embroider 149-93-05A-8H, these wells are tracked here;
38754, conf, Ovintiv, Clear Creek Federal 152-97-36-25-14H,
36145, conf, BR, Phantom Ship 1B UTFH,

Sunday, April 9, 2023: 21 for the month; 21 for the quarter, 276 for the year
38764, conf, Whiting, Locken Federal 12-11TFX,
38753, conf, Ovintiv, Clear Creek Federal 152-97-36-25-13H,
38666, conf, Enerplus, Eyelet 149-93-05A-08H, these wells are tracked here;

Saturday, April 8, 2023: 18 for the month; 18 for the quarter, 273 for the year
38865, conf, Liberty Resources, CA S 158-93-21-23-4MBHX,
38440, conf, Hess, EN-Sable-157-93-3534H-5, these wells are tracked here;

Friday, April 7, 2023: 16 for the month; 16 for the quarter, 271 for the year
38846, conf, Enerplus, Patch 149-93-05A-08H, these wells are tracked here;
38752, conf, Ovintiv, Clear Creek Federal 152-97-36-25-7H,

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Something Light -- April 9, 2023

Locator: 44347B.

Link here.

The Jerry Lewis movie came out in 1963. I was twelve years old that year. I saw that movie and vividly remember Jerry Lewis. I completely forgot that Stella Stevens was even in the movie. In fact, I don't recall any love interest in that movie. Perhaps Stella Stevens, subliminally, was the reason I asked for my first chemistry set. LOL.

From wiki:

The Nutty Professor has been described as perhaps the finest and most memorable film of Lewis's career. In 2004, The Nutty Professor was selected for preservation in the United States National Film Registry by the Library of Congress as being "culturally, historically, or aesthetically significant.”

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Happy Easter 2023

Locator: 44342B.

Easter morning. Corky is watching Sophia hunt for eggs and chocolate.

Corky knows Sophia will share later on today. LOL.

Just chillin' for now.

 ********************************
Another Musical Interlude

Link here.

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