Locator: 45923DIV.
Between share appreciation and dividend increases across the energy board -- not just COP, EOG and PXD -- this may be one of the most exciting -- and profitable -- weeks I've had in quite some time.
It's easy to forget that at one time $60-oil looked pretty good and oil companies were making money at that price. Now, much of 3Q23, we saw WTI in the mid- to high-$80s.
Locator: 45923INV.
From earnings today:That was today.
I kept this story in the archives for other reasons, but the story below fits the Expedia story.
Locator: 45922INV.
From a couple of days ago, OKE, link here;
Today:
And, then another one from the Bakken, Chord Energy:
Locator: 45921AAPL.
Previously Posted
June 8, 2023: Yesterday: my first blog on Apple Silicon, arguably the biggest chip company in the world.
Today, more, from The Verge, dated June 7, 2023. Jon Porter "heard" the same thing I heard during Tim Cook's WWDC keynote speech.
Although it seems like a surefire thing in retrospect, it’s worth taking a moment to reflect on how successful Apple’s switch to Apple Silicon has been. Prior to Apple’s big announcement, Arm-based processors had only really been successful in smartphones. A couple of manufacturers had attempted to make Windows laptops work on Arm (perhaps most notably with the Surface Pro X), but none had delivered on the promises of the architecture without significant compromises.
Apple has not just successfully transitioned its entry-level MacBooks to Arm, where the architecture’s battery life benefits were the biggest appeal, but it also upended our concept of Arm performance for both laptops and desktops. Apple not only ported its own operating system and apps but also convinced major third-party developers to do the same.
The iPhone manufacturer is notorious for its love of control. It controls how people can use its smartphones and which apps they can install. It controls how the repair ecosystem around them works. And with its transition to Apple Silicon, it has an unprecedented amount of control over how it makes its Macs. It doesn’t need to wait for Intel and AMD to release new chips to upgrade its computers or rebuild a relationship with Nvidia. Now, as it starts its next journey, Apple can march to the beat of its own drum.
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 for my benefit.
I don't expect others to read anything I post nor do I expect others to
agree on anything I post. I started the blog to help me remember things
since I have such a poor memory.
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.
Results for Apple: beat on top and bottom.China:
Others (as you go through these,
does this sound like the recession which Charlie Munger says we're in?),
announcing before AAPL; transcribed quickly, expect typographically and
content errors; for my use only:
Job cuts:
Analysts:
Locator: 45920B.
Short covering and FOMO
BRK-B;
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Back to the Bakken
WTI: up 2.6%; up $2.09; trading at $82.53.
Active rigs: 37.
One new permit, #40314:
Five producing wells (DUCs) were reported as completed:
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 for my benefit. I don't expect others to read anything I post nor do I expect others to agree on anything I post. I started the blog to help me remember things since I have such a poor memory.
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.
Results for Apple: beat on top and bottom.China:
Others (as you go through these, does this sound like the recession which Charlie Munger says we're in?), announcing before AAPL; transcribed quickly, expect typographically and content errors; for my use only:
Job cuts:
Analysts:
Apple suppliers:
Updates
June 8, 2023: Yesterday: my first blog on Apple Silicon, arguably the biggest chip company in the world.
Today, more, from The Verge, dated June 7, 2023. Jon Porter "heard" the same thing I heard during Tim Cook's WWDC keynote speech.
Although it seems like a surefire thing in retrospect, it’s worth taking a moment to reflect on how successful Apple’s switch to Apple Silicon has been. Prior to Apple’s big announcement, Arm-based processors had only really been successful in smartphones. A couple of manufacturers had attempted to make Windows laptops work on Arm (perhaps most notably with the Surface Pro X), but none had delivered on the promises of the architecture without significant compromises.
Apple has not just successfully transitioned its entry-level MacBooks to Arm, where the architecture’s battery life benefits were the biggest appeal, but it also upended our concept of Arm performance for both laptops and desktops. Apple not only ported its own operating system and apps but also convinced major third-party developers to do the same.
The iPhone manufacturer is notorious for its love of control. It controls how people can use its smartphones and which apps they can install. It controls how the repair ecosystem around them works. And with its transition to Apple Silicon, it has an unprecedented amount of control over how it makes its Macs. It doesn’t need to wait for Intel and AMD to release new chips to upgrade its computers or rebuild a relationship with Nvidia. Now, as it starts its next journey, Apple can march to the beat of its own drum.
Thirty minutes before the close:
*****************************
The Goldwater Clan
From A History of the Jews in America, Howard M. Sachar (1928 - 2018), c. 1992, page 55.
Locator: 45918UAW.
UAW pension notes. Link here.
A two-tiered system, with 2007 as the "cut-off" date.
The US military went through / is going through the same two-tiered pension system process. This is not particularly new or concerning.
*****************************
Word For The Day
Peculation.
Locator: 45917DIV.
Wow, not a day goes by that I'm not thinking of that great investor, Carl H. Oksol. He taught me everything I know about investing. Today would be a particularly fun day on which to discuss the market.
Specifically, COP.
Owns BR in the Bakken.
But wow, look at that dividend. Whoo-hoo.
A lot of analogies could be drawn between American football and baseball and stocks and bonds.
Anyway, whatever.
Let's look at the ticker.
Locator: 45916GAZA.
IDF's senior leadership needs to read two things:
Locator: 45915RETAIL.
Earlier this week, Target CEO mentioned that consumers "were pulling back."
My reply: yes, they are moving to Walmart and Amazon.
But back to Amazon.
From $3 billion to $10 billion in one year.
By the way, what did WMT do, year over year?
Costco?
Target?
The cost of labor unexpectedly declined in the third quarter, providing at least some relief on the inflation front.
Unit labor costs, a measure of hourly compensation against productivity, fell 0.8% for the July-through-September period at a seasonally adjusted rate. Economists surveyed by Dow Jones had been looking for a gain of 0.7%. Holy mackerel.
On a 12-month basis, unit labor costs increased 1.9%. The breakdown reflected a 3.9% increase in hourly compensation, offset by a 4.7% rise in productivity.
That increase in productivity also was more than expected, beating the Dow Jones estimate for a rise of 4.3% for the biggest quarterly gain since the third quarter of 2020. Is anyone paying attention?
Output climbed 5.9%, while hours worked rose 1.1%. The developments come as the Federal Reserve is seeking to tamp down inflation through a series of interest rate increases.
On Wednesday, Fed Chair Jerome Powell said wage gains “have really come down significantly over the course of the last 18 months to a level where they’re substantially closer to that level that would be consistent with 2% inflation over time,” the central bank’s target.
*********************************
And So It Goes
Thursday, November 2, 2023: 87 for the month; 87 for the quarter, 657 for the year
39746, conf, Neptune Operating, Shaffer 27-22 3H,
39205, conf, Murex, PB-Winston Axel 36-25H MB,
39204, conf, Murex, PB-Stephhen Luke 36-25H MB,
38836, conf, Enerplus, Hay Draw 148-97-27-34-4H,
LNG export projects looking to take a positive final investment decision (FID) need to sell a high proportion of their nameplate capacity under long-term contracts to ensure sufficient cash flows to underpin the project and obtain financing.
U.S.-based projects (new and expansions) totaling more than 350 million tons per annum (MMtpa, 48.3 Bcf/) — against a current global market of 400 MMtpa (52.9 Bcf/d) — are vying for creditworthy offtakers from multiple markets in their pre-FID deliberations.
The sense of urgency among project sponsors has been boosted by the Russia/Ukraine war and a potentially resurgent Chinese economy, both of which should promise a bright future for new projects.
Plenty of those have reached FID in the last couple of years, but what is holding others back from taking the same step? In today’s RBN blog, we’ll look at some of the factors impacting those decisions and the long-term implications that flow from them.
Data from the International Group of Liquefied Natural Gas Importers (GIIGNL) shows that long-term sales and purchase agreements (SPAs) are in place for 73 MMtpa (9.7 Bcf/d) of LNG supply to be met by projects along the U.S. Gulf Coast. So far in 2023, three such projects have taken FID: NextDecade (17.6 MMtpa, 2.3 Bcf/d), Port Arthur (13 MMtpa, 1.7 Bcf/d), and Plaquemines Phase 2 (6.7 MMtpa, 0.9 Bcf/d) for a combined 37.3 MMtpa (4.9 Bcf/d), a significant amount in any year. But those three account for only 60% of the LNG signed up, with the rest divided among a number of pre-FID projects.
Reminder:
‘Seasonal flu” during the year of Covid was such an outlier, researchers will be studying and writing about this for years.