What's In Your Portfolio? Cathie Wood's ARKK Is Up 60% This Year -- December 14, 2023

Locator: 46305B.

This is pretty coincidental. Just the other day we were comparing Cathie Wood's ARKK with BRK.  

Now, today, Barron's compares ARKK with Fidelity! Link here.

***************************
Back to the Bakken

WTI: $71.59.

Active rigs: 37.

Two new permits, #40397 - #40398, inclusive:

• Operators: Cornerstone, Grayson Mill
• Field: Northeast Foothills (Burke); Elk (McKenzie)
• Comments:
• Cornerstone has a permit for a Christianson well SWSW 21-161-91, 
• to be site 654 FSL and 270 FWL;
• Grayson Mill has a permit for an Alfred North well SWNW 17-151-102, 
• to be sited 2338 FNL and 425 FWL

Three permits canceled:

• CLR: three Lundberg Federal permits, Dunn County:

Four dry holes reported:

• 28077, Oasis, Helling Trust Federal Federal 5494 42-22 15T3; Alkali Creek,
  
• 28250, Hess, EN-Johnson A-155-94-2932H-4, Alkali Creek,
  
• 29215, Oasis, Ruud 5493 41-23 5B, Robinson Lake,
  
• 34108, Oasis, Fraser Federal (see comments below)
  

Greetings From Texas -- December 14, 2023

Locator: 46304TX.

COSTCO: announces a special dividend of $15/share.

From Bloomberg today:  

Market, late market trading, link here:

******************************
Season's Greetings

Greetings from Texas:

EV Update: GM Cruise, Chevy Blazer, And Chevy Bolt Updates -- December 14, 2023

Locator: 46303EVS.

Updates

December 23, 2023: GM suspends sales of the Chevy Blazer EV SUV due to software quality issues.

December 18, 2023: opinion pieces.

December 16, 2023: GM under Mary Barra -- a lost decade. A real debacle.

December 15, 2023: GM's homage to Ford's Edsel.

December 14, 2023: an opinion piece on the GM EV experience.

December 14, 2023: it seems like there is a trend here, that began almost immediately after the Shawn Fain strike ended. I'm not sure how well it worked out for several (?) thousand UAW workers who got a huge raise but lost their jobs. Maybe I'm missing something.

December 14, 2023: counterintuitively TSLA shares are up and doing very well following JPow's speech. So, apparently I'm wrong -- see an earlier post -- the US EV market is going to do just fine. Betting against the US EV market is like trying to predict the price of oil: both are fool's errands. 

Original Post

The end of the line: link here. 

Bearish on the auto sector. Link here to an excellent CNBC video. Four data points at the link. One almost gets a feeling we're witnessing the implosion of the US EV experiment. Shareholders support the move: F up 7%% today; GM up 5% today. Lucid up 15%. Polestar up 5%.

GM lays off 24% of Cruise work force, link here. Almost a quarter of the Cruise workforce was corporate? Low-hanging fruit: call me crazy but it seems this is exactly where AI might be of some help.

No longer on cruise control: link here.

The Chart Of The Day -- December 14, 2023

Locator: 46302BRK.

Breaking news: link here. 

*********************************
Chart Of The Day: HPQ

First, some background.

From the linked article:

Berkshire initially bought the tech hardware stock in April 2022. The bet, however, hasn’t been lucrative as the stock is still below the level where it was first bought. Shares are up 13% this year, underperforming the Nasdaq Composite, which has rallied nearly 38%.

Now the charts:

We all had the same information in 2022.

WTI Back Up To $72 — December 14, 2023

Locator: 46301WTI.

Military and retiree pay raise: 2024. One of the largest in 40 years. Nice. Bill passed today.

Investment deep-dive today: the “529” plan. 

Easily one of the best-kept investment secrets. Particularly for retirees. Yesterday I spent an uninterrupted three hours studying the “529” and how the new SECURE Act affects it — if you are a retiree this needs to be discussed with your financial advisor. I have two financial advisors: my wife and Sophia. My mentor was my father and the elder Forbes. But that was years ago. 

CNBC “Squawk Box”: fascinating this a.m.

Sara Eisen: still among the best — across the board — on CNBC.

AAPL: after yesterday, Apple is the big news story today.

• 1.4 nm;
• $200;

Personal investing: not buying anything today or tomorrow. I will let things settle down for a few days.

BRK-B: down today when rest of market continues to move up. BRK-B down $3.33, down 1%. And, chart of the day coming up.

US auto industry: great interview on CNBC this a.m. Confirms what I thought I knew about US auto market. Hopefully CNBC posts the interview later.

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: $71.90.

Friday, December 15, 2023: 20 for the month; 169 for the quarter, 739 for the year 

39291, conf, Hess, GO-TONG Trust A-17-96-2032H-3, 

Thursday, December 14, 2023: 19 for the month; 168 for the quarter, 738 for the year 

39292, conf, Hess, GO-TONG TRUST A-157-96-2032H-2,

RBN Energy: five ways the market could react to surging renewable diesel output, RIN generation,

Renewable diesel (RD) production has been surging this year, far surpassing blending mandates established by the Environmental Protection Agency (EPA). But there may be storm clouds on the horizon. The jump in RD production has led to excess generation of Renewable Identification Numbers (RINs), the tool used to ensure compliance with the Renewable Fuel Standard (RFS), impacting RD economics. With RD production set to move even higher in 2024 amid already-declining margins, it has left some to wonder how the market will come back into balance. In today’s RBN blog, we look at the growth in RD production, the resulting impact on RIN volumes and prices, and how things could shake out next year.

1.4 — December 14, 2023

Locator: 46300AAPL.

Link here.

Slawson With Two New Permits; Major GM EV Shakeup -- December 13, 2023

Locator: 46299B.

No longer on cruise control: link here.

********************************
Back to the Bakken

WTI: $69.78.

Active rigs: 35. 

Two new permits, #40395 - #40396, inclusive:

• Operator: Slawson
• Field: Baker (McKenzie)
• Comments:
• Slawson has permits for two Magnum wells, lot 7, section 4-152-101, 
• one to be sited 1235 FNL and 2270 FEL and the other to be sited 1285 FNL and 2270 FEL; 
• in other words, both wells on the same pa 2270 FEL with one 1235 FNL and the other 12285 FNL

Eight permits renewed:

• Grayson Mill (6): five Pyramid permits and one Hawkeye permit, all in Todd oil field, Williams County;
• Whiting (2): one Jeffery permit and one Gayne permit, both on the same pad, Sanish, Mountrail

One producing well (a DUC) reported as completed:

• 38633, 46, SOGC (Sinclair), Grasslands Federal 14-15-2H, McKenzie County