Silver Hill Energy Partners Enter(s) The Bakken —. January 31, 2024

Locator: 46703B.

Link here.

84,000 net acres.

This is a big deal for both the Bakken and Silver Hill Energy.

No price for the deal provided but one can quickly get to $1 billion on the back-of-an-envelope. 

From 2014.

Boeing's Earnings Call Tomorrow (?) -- January 31, 2024

Locator: 46702BOEING.

I don't know if the NY Times will keep this behind a paywall or not. We subscribe to the NYT so we have access.

Link here.

The headline:

The lede:

Less than four weeks after a hole blew open on a Boeing 737 Max 9 jet during a flight, company executives face a thorny question: Should they emphasize safety or financial performance?

The issue is looming as Boeing prepares to report its fourth-quarter earnings on Wednesday amid its most significant safety crisis in years. With the Jan. 5 incident on a Max 9 flight still under investigation, executives are grappling with how much to discuss quality control while also reassuring shareholders that the company is protecting their investment, according to two people with knowledge of the matter.

The National Transportation Safety Board is expected in the coming days to release a preliminary report on the incident, which occurred on an Alaska Airlines flight. The report could shed more light on how a panel blew off the Max 9 and will almost certainly ramp up scrutiny of Boeing by lawmakers, airlines and safety groups.

Dave Calhoun, Boeing’s chief executive, is expected to speak about safety during the company’s call with investors on Wednesday morning after the release of its earnings report, one of the people said. But it is not clear what balance he and other executives will strike in their comments as they try to contain the fallout from the Max 9 incident.

The subject has taken on new significance after news accounts, including a report in The New York Times, that Boeing workers opened and then reinstalled the panel, known as a door plug. The plug tore away from the Alaska plane shortly after takeoff from Portland, Ore. That revelation suggests that the incident — which terrified passengers and forced the pilots to make an emergency landing — may have been caused by lapses at a Boeing factory in Renton, Wash.

Some aviation experts and executives have long said Boeing’s safety problems and its financial performance are intertwined. The company, these people say, has for many years put too much emphasis on increasing profits and enriching shareholders with dividends and share buybacks, and not enough on investing in engineering and safety

I saw the CNBC interview with the CEO of Boeing this morning -- I think he was practicing what he planned to say during the earnings call tomorrow. But this should be a no-brainer -- the answer to the question that Sydney Ember asked.

Dave Calhoun has already provided guidance for the next quarter and says he won't "pull it" or change it.

He made that very, very clear in the CNBC interview.

He needs to devote the entire earnings call to safety. In a situation like this, there's no reason for any mention of dollars and cents, or dollars or cents. It's all about safety. 

And anyway, Boeing has lost 50% of its value in the last five years -- Boeing's shares reached their all-time high of $420 (or thereabouts) in very early 2019; today it's worth $210. 

Everyone will be watching (and listening) tomorrow. It will be interesting to see if Calhoun will be able to stay on message.

By the way, Jim Cramer hit the bull's-eye when he interviewed Calhoun this morning. Calhoun couldn't cross that bridge. Sad.

My Favorite Chart -- January 31, 2024

Locator: 46701INV.

We'll see how long traders and investors can resist low prices -- sort of like Filene's basement. 

Just a reminder: UPS raised it dividend. That speaks volumes even though the increase was negligible. It's still an increase.

Link here.

And,

******************
My Favorite Chart(s)

Link here.

This Will Be Fascinating -- January 31, 2024

Locator: 46700CALIFORNIA.

Tag: Phillips 66 California Rodeo renewable fuels

This will be fascinating -- Governor Newsom already has the most expensive gasoline in the country.  I doubt the state needs more renewable energy ... but gasoline? That's another story. 

Link here. 

From twitter -

I can't find the Argus Media story ... the twitter link to the Argus Media story doesn't work / broken / or it was pulled. 

Up until recently / the last we heard, a California judge had stopped this conversion.

So, that's all I know.  

I'll keep looking; maybe a reader knows more.

And This Is What The Least Sharp Knife -- Initials JG -- In The Drawer Wants To Stop -- January 31, 2024

Locator: 46699NG.

*****************************
Drawer? The Cabinet -- LOL

Link here.

This is simply incredible.

 And then this, link here.

Does anyone even remember Groningen any more? Wiki.

A Rush To Disaster -- January 31, 2024

Locator: 46698EVS.

Link here.

EVs tracked here.

EVs: UMD.

Hybrids: fake EVs. But that will be the compromise.

Walmart And Amazon Staking Out American Retail -- January 31, 2024

Locator: 46697RETAIL.

Earlier I wrote:

Now, it appears Amazon and Walmart have staked out retail.

Link here.

What's driving this now? Two things:

• north Texas; and,
• south Texas

North Texas? Fastest growing region in the US. Legal. High achievers. Sports-oriented. Music. Tech.

South Texas? The southern surge, y'all. No papers. Landscapers. Big families. Catholic. 

From social media, a comment regarding the CQ / NY Times story above:

***************
The Tide Is High
#1 in '81

Busy, Busy, Busy In The Bakken -- January 31, 2024

Locator: 46696B.

And one rig drills out a whole pad.

*********************************
Meanwhile, Busy, Busy, Busy In Grapevine

Rystad Energy Identifies Record Number Of High-Impact Wells For 2024 -- January 31, 2024

Locator: 46695DRILLING.

Link here.

In a release sent to Rigzone recently, Rystad Energy revealed that it has identified 36 potential “high impact” wells to be drilled or spud this year, which the company said is the highest annual total since it started tracking the market in 2015.

“This would be a sizeable jump from the 27 high impact wells drilled last year, and operators will hope for a better success rate,” Rystad noted in the release, which pointed out that eight of the 27 high impact wells drilled last year resulted in “commercially movable volumes”.

The high impact wells in 2023 discovered volumes of one billion barrels of oil equivalent, Rystad highlighted in the release, noting that this was a “sharp decline from the 3.5 billion barrels of oil equivalent found in 2022”.

“To make matters worse, 2023 was an expensive year, with drilling costs rising due to a significantly tighter rig market than in prior years, worsening the blow of a low success rate,” Rystad said in the release.

Of the 36 identified wells for 2024, 13 are in Africa, 10 are in Latin America, six are in Asia, and the Middle East, Europe, and North America each contain two, while Oceania contains one, Rystad outlined in the release. Fourteen of these wells will be drilled in frontier and emerging basins, with three opening up new plays entirely, Rystad noted.

Ya think SLB might be involved? SLB is the NVDA in the oil patch.

Reminder: Saudi Arabia to cut back on drilling. 

*****************************
People Who Know, Know

Link here.

This is simply incredible.

 And then this, link here.

Does anyone even remember Groningen any more? Wiki.

What Slowdown? GM Had A Great Quarter Also; Now, Qualcomm -- January 31, 2024

Locator: 46695ECON.

Link here. 

*****************************
Supply Chain

US: supply chain no longer an issue.

Europe: huge supply chain issue.

The gap between US and EU to widen.

Five New Permits; Eight Permits Canceled; Six DUCs Reported As Completed; Eight Permits Renewed -- January 31, 2024

Locator: 46694B.

DFW: link here.

By the end of the decade, DFW will be the world's largest airport by passenger volume. American Airlines hub says it all.

Building the sixth terminal, and upgrading Terminal C -- is almost the same as two more terminals. It truly is amazing. And folks living near the airport are on the grid as the airport which means they have little risk of an outage.

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

WTI: $75.85. US oil market telling us that the Fed will start to cut rates too late, pushing the US into a recession.

Five new permits, #40490 - #30394, inclusive:

• Operators: Oasis (4); CLR
• Fields: Camp (McKenzie); Murphy Creek (Dunn)
• Comments:
• Oasis has permits for four Lee N wells, lot 12, section 5-152-101; 
• to be sited 624 FWL and between 2909 FNL and 3041 FNL;
• CLR has a permit for a Roadrunner well, NWNW 15-145-95, 
• to be sited 330 FNL and 1260 FWL

Eight permits canceled:

• Lime Rock (5): three Mariner permits, Dimond, Burke; two Reuben Schneider permits, Fayette, Dunnn County;
• Murex (3): one Barrett Leigh permig, Midway, Williams; one Michael Douglas, Beaver Lodge, Williams; one Patricia Ann, West Bank, Williams

Six producing wells (DUCs) reported as completed:

• 39627, 2,343, MRO, Gilbertson 31-17TFH, Dunn, Killdeer,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2023	30	22027	22062	60586	14406	14087	226
BAKKEN	10-2023	30	25250	25675	97908	19447	19021	276
BAKKEN	9-2023	8	8593	8030	33989	5479	5308	99

• 39629, 2,059, MRO, Gilbertson 41-17TFH, Dunn, Killdeer,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2023	30	20040	20076	61179	11452	11202	177
BAKKEN	10-2023	26	23652	23523	61647	13898	13603	191

• 39631, 2,389, MRO, Cooley 11-16TFH, Dunn, Killdeer,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2023	30	18469	18484	56907	10228	10005	158
BAKKEN	10-2023	17	18488	18387	51050	12412	12145	173

• 39632, 2,216, MRO, Sorenson 11-16H, Dunn, Killdeer,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2023	24	22169	22140	71245	13500	13203	210
BAKKEN	10-2023	12	13630	13556	50433	8220	8046	113

• 39736, 968, Oasis, Evans Federal 5693 12-22 4B, Mountrail, Alger, npd,
• 39737, 800, Oasis, Evans Federal 5693 12-22 5B, Mountrail, Alger, npd,

Well of interest:

• 17316, 561, MRO, L.R. 21-16H, Killdeer, t10/08; cum 546K 11/23; Killdeer;
• 17987, 1,730, BR, Lincoln Hills 41-18H, Killdeer, t6/09; cum 383K 11/23; Killdeer;

Weekly EIA Petroleum Report, Inflation Watch -- We're On Pool Time -- January 31, 2024

Locator: 46693B.

Just 'cause everyone has an opinion, mine, before the announcement:

• no change in Fed rate today
• higher for longer
• Fed doesn't cut unless there's economic distress
• there's no economic distress
  
• language will suggest next cut won't be in March; June at the earliest, and then up against the election;

After the announcement, unchanged, remains at 5.25 -- 5.50%:

• markets drop significantly more -- LOL -- what were analysts thinking
• great news for investors; no need to rush into buying anything; stick with your long-term investment plan; the market is not going anywhere for awhile
• consumer spending accounts for two-thirds of the GDP and the "consumer" remains strong
  
• only "thing" the Fed rate affects: housing -- buying and renting
• cut Fed rate significantly, and I can guarantee you our local grocery stores are not going to lower prices based on Fed rate -- the drop in "basis points" will be inconsequential for grocers 
• exhibit A: least expensive rotisserie chicken than I've seen in a long time.
  

******************************
Crazy Traders / Analysts

The Fed "adjusts" rates, generally, one quarter [twenty-five basis points] every two or three months once the Fed starts moving one direction of the other.  

Q: Why does the Fed need to cut rates?
A: so if the Fed cuts the rate from 5.5% to 5.25%, that will prevent a recession?

Crickets.

*********************************************
Other Stuff

Inflation watch: people that know, know. In case you missed it. It's $8.49 at Albertson's / Tom Thumb in same neighborhood.

Weekly EIA petroleum report:

• US crude oil in storage: 5% below five-year average.
  
• US crude oil imports: 6% less than last year.
  
• refiners: 82.9%. I can't recall when it's been this low this long.
  
• distillate in storage: 5% below five-year average.
  
• jet fuel supplied: up 1.7% compared with last year.
  
• gasoline demand: link here.
  

I used no gasoline today. I made two grocery trips -- on bike. One to Walmart and one to Dollar Tree.

***********************************
We're On Pool Time

Three Wells Coming Off Confidential List Today; Big Day On The Market; Oil Continues To Struggle -- January 31, 2024

Locator: 46692B.

Personal investing:

• bought WMT today

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.

Reminder: I am inappropriately exuberant about the US economy and the US market.

Market: four big stories today --

• Boeing: shares --- down 50% over five years
  
• GM: "we make money not selling EVs."
• public-traded companies have a fiduciary responsibility
• California: 2030
  
• AMD: sounds like a few CNBC contributors missed AMD over the years.
  
• TSLA: what would happen if Elon Musk just walked away
• the plaintiff owned all of nine shares of Tesla
• lawyers took case on contingency basiss
  

Just noting: imagine if the x-axis was expanded by 10-point increments.

Hess: earnings reported yesterday. Historically this is the quarter Hess announces an increase in the dividend.

Saudi: pausing on production increase.

Red Sea: even Russia avoiding the Red Sea

Hezbollah: 100% of Americans killed in most recent attack were all African-American; one-third female; Hezbollah says it will suspends attacks on Americans; Biden says he's made decision on response. SecDef back at work; has something to prove? Get out the popcorn. [Later: it sounds like Biden's response will not be a military response that will satisfy many on Capitol Hill: instead he's sending SecState back to the Mideast who says the Mideast is as tense as ever. This makes it unlikely the US will make a demonstrative strike and this event -- the loss of three African-American soldiers -- will be over. ]

Has it come down to this:

• AI: META vs MSFT
• Cloud / enterprise: AMZN vs MSFT
• Spatial computing: AAPL

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

WTI: $77.02.

Friday, February 2, 2024: 1 for the month; 60 for the quarter, 60 for the year
None.

Thursday, February 1, 2024: 1 for the month; 60 for the quarter, 60 for the year
39537, conf, Hess, EN-Enger-156-94-1423H-8,

Wednesday, January 31, 2024: 59 for the month; 59 for the quarter, 59 for the year
39728, conf, WPX, Bull Moose 28-27HEL,
39112, conf,  Hess, EN-Hegland-155-94-0508H-5,
38991, conf, Whiting, Bigfoot 42-26-2TFHU,

RBN Energy: is the G-7's price cap on Russian crude oil exports having its intended effect?

When the Group of Seven (G-7) countries placed a $60/bbl cap on the price of Russian crude oil in December 2022 — one of many responses to Russia’s February 2022 invasion of Ukraine — there were two primary goals. The first was to keep Russian barrels flowing to the market to help keep global prices in check, and the second was to slash the profitability of Russian oil exports and thereby reduce its ability to wage war against Ukraine. In today’s RBN blog, we look at how effective the sanctions have been and how Russia has tried to work around the price cap. 

As we discussed last winter, the U.S. was among the first to respond to Russia’s invasion of Ukraine with sanctions, announcing just days after the war began that it would prohibit imports of Russian oil and certain refined products (along with LNG and coal) and ban U.S. investment in Russia’s energy sector. Similar measures were soon adopted by Australia, Canada, Japan and the U.K., and Russian banks were banned from the SWIFT system, which enables financial transactions and plays a crucial role in the global oil trade. In addition, integrated oil companies such as BP, Equinor and Shell announced their intention to exit upstream oil and gas projects in Russia. The U.S. and the U.K. also rolled out foreign investment restrictions on several Russian companies and key figures in Russia’s energy industry were targeted for individual sanctions.

On the oil side, the European Union’s (EU) partial embargo against Russian imports went into effect on December 5, 2022. It prohibits the purchase, import or transfer of seaborne Russian crude unless it is purchased at or below a price cap established by the EU and the G-7 members — Canada, France, Germany, Italy, Japan, the U.K., and the U.S. The price cap was set at $60/bbl, a target intended to be high enough to incentivize Russian production but low enough to hurt financially.

Record Set For AFC Championship Views -- Januaray 31, 2024

Locator: 46691NFL.

Locator: 46424TV. 

Tag: TV watched Nielsen rankings ratings television streaming

Last year’s rankings (2023).

Updates

January 31, 2024: Average viewing. AFC championship, Chiefs vs Ravens hits viewing record for AFC championship game, at 55.47 million viewers, link here. NFC, 56.32 million, link here. Also a record. NFC peaked at 59 million late in the game..

January 23, 2024: Chiefs / Bills divisional -- 40 million. 

January 17, 2024: The Hollywood Reporter, Peacock's NFL Playoff  games.

Link here. Dolphins vs Chiefs. Peacock says 23 million; writer says 16 million using same "apples vs apples."

Grammarly -- January 30, 2024

Locator: 46690GRAMMARLY.

Link here. 

Headline not written by a computer; written by a  Gen Z journalist.

Three New Permits; Five Permits Renewed; Three Permits Canceled; Nine Producinng DUCs Reported As Completed; MRO With Spectacular Wells In The Killdeer Area -- January 30, 2024

Locator: 46689B.

Wind: wow, look at these Germany numbers. I must be missing something. Link here.

MPC: I figured this was the reason, but I did not know for sure. Great to see this confirmed. Link here.

Ohio-based oil refiner Marathon Petroleum (MPC) saw its Q4 profits exceed analyst expectations, the company reported on Tuesday—thanks in part to OPEC's production cuts.

The U.S. refiner reported a net income of $3.84 per share—or $1.5 billion—for the last quarter of 2023, while analysts estimated a figure far lower, at just $2.20 per share. This overachievement came even as global refining capacity increased, thanks to production cuts by OPEC+ combined with healthy demand, which helped to offset struggling fuel prices.

Marathon's crude oil capacity utilization came in at 91%, for a total throughput of 2.9 million bpd for Q4, while net income attributable to company settled at $1.45 billion. This compares with $3.32 billion in Q4 2022.

*****************************
Back To The Bakken

WTI: $77.82.

Active rigs: 39.

Three new permits, #40487 - #40489, inclusive:

• Operator: Grayson Mill (2); Oasis
• Fields: Westberg (McKenzie); Camp (McKenzie)
• Comments:
• Grayson Mill has permits for twwo WWahuus wells, SESE 12-152-97, 
• with one to be sited 318 FSL and 664 FEL andd one sited 308 FSL and 515 FEL;
• Oasis with one permit for a Lee S well,, SWNW 8-152-101, 
• to be ssited 20032 FNL and 266 FWL.

Five permits renewed:

• Lime Rock (3): a State, a Kary, and an Emil permit; the first two in Cabernet, Dunn County; and the third, Murphy Creek, also Dunn County:
• Hunt (2): two Patten permits, Parshall; Mountrail County;

Three permits canceled:

• Whiting: two Gullikson permits and one P Bibler permit; the Bibler in Williams County; the Gullikson permits inn McKenzie County

Nine producing wells (DUCs) reported as completed:

• 37645, 2,280, BR, Tailgunner 2A TFH, North Fork, no production data,
• 37646, 422, BR, Tailgunner 2B MBH, North Fork, no production data,
• 37649, 0 (no typo), BR, Tailgunner 2E TFH, North Fork, no production data,
• 39443, 2,391, MRO, Bunk 34-33H, Bailey,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2023	7	9479	9438	13168	8180	7289	862

• 39444, 3,023, MRO, Luptak 34-33H, Bailey,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2023	17	25821	25710	38170	17688	15786	1841

• 39445, 4,076, MRO, Margery 24-33H, Bailey, no production data,
• 39469, 3,349, MRO, McConnell 11-4H, Killdeer,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2023	26	45670	45474	93852	34458	30732	3607

• 39628, 2,482, MRO, Amandus 31-17H, Killdeer,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2023	30	25941	26011	78823	16658	16289	261
BAKKEN	10-2023	29	35003	35088	129764	20851	20409	286
BAKKEN	9-2023	4	4214	3938	25731	2054	1992	36

• 39630, 3,857, MRO, Mueller 41-17H, Killeer,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	11-2023	30	36673	36727	69486	21662	21187	336
BAKKEN	10-2023	25	41358	41133	81899	23020	22537	313

 Wells of interest:

• 17883, 402, MRO, Theresa Tuhy 14-33H, Bailey, t5/09; cum 283K 4/23;, recently back on line; too soon to see any halo effect. 

• 17316, 561, MRO, L. R. 21-16H, Killdeer, t10/08; cum 546K 7/23; still off line;

The Market Today, Part 2 -- January 30, 2024

Locator: 46688INV.

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.

Reminder: I am inappropriately exuberant about the US economy and the US market

Notable:

• WMB increases dividend to 47.50 cents; 44.75 cents; an increase of 6%. Whoo-hoo! Pays 5%. P/E of 16. Up 9% y/y.
  
• UPS increases dividend to $1.63. Was $1.62. 

WMT: well, this is cool! Link here. Ticker today, $165. The question is whether WMT will increase its dividend; this is the one-year anniversary for the usual dividend increase.

After Close

Major indices:

• Dow: up 133 despite SLB.
  
• S&P 500: flat; down 3.00 (no typo).
  
• NASDAQ: down 120 points, 
• almost all due to AAPL, down almost $4.00 today, down a whopping 2% today; growing slower than P&G.
• in fact, over six months, shares of PG growing faster than AAPL, but for a full year, AAPL uup 30%; PG up 11%; five years, 300% vs61%.
  

Microsoft earnings.

• prior to close: $409, flat to down very slightly;
• down a fraction of a percent after release; down aboout 0.75%.
  
• a beat on the top and bottom line; a beat on the Azure number.
• EPS: $2.93 vs $2.78 EPS
  
• revenue: $62 vs $61.1 bilion
  
• 30% growth for Azure vs 27% expected
  

Starbucks: 

• at $94, up half a percent before the close. 
• reports misses on top and bottom lines
• shares down 1%; later SBUX turned around to end up green in after-hours trading
  
• bad numbers across the board
  

SWKS: 

• at $104, down $1.82; down 1.7%;
• earnings beat by 2 cents; $1.97 EPS
• revenue of $1.2 billion; in line
• generates record operating cash flow of $775 million and record cash flow of $753 million 
• with numbers like this, why would one buy LCID, RIVN, Polestar, etc -- except for "trading."
  
• SWKS is a proxy for the iPhone
  

GOOG:

• numbers look pretty good but shares down about 5%

Earlier, Before The Close

Market: unchanged. Goldilocks. No "hard landing," no "soft landing." Rather, a "tough and go."  

SLB: implodes. Bad news out of Saudi Arabia. 

WTI: folks will probably disagree but there's a sense that WTI is seeing higher lows, and higher lows. WTI is up nicely today, but probably won't hit $78,

MSFT: Wall Street darling right now; stole the crown from Apple. This should not be news.

Consumer sentiment, link here:

Major indices: Dow, S&P 500 both turn positive midday after earnings start to come out; NASDAQ off 60 points but that's almost all due to AAPL. Rest of NASDAQ doing well. For confirmation, check out the chips. 

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.

Reminder: I am inappropriately exuberant about the US economy and the US market 

GM, absolutely predictable:

EVs: link here. 

• scorecard
• cash burn 
• graphite
•  not for me. 
• "Energy transition is dead" is followed here. 
• EVs charging. 
• cold weather -- reality sets in -- January, 2024
• resale value -- a deal-breaker

******************
My Favorite Chart(s)

Link here.

It's Not Inflation -- It's The Supply Chain -- January 30, 2024

Locator: 46692LEGO.

Identical product, #71040. New last year; hard to find; often on back order.

This is exactly what the supply chain is all about. 

And some folks argue this is inflation. It's not. It's the supply chain.

Same, identical product.

How bad can it get? Over at eBay:

Plus another $25 for shipping. 

Shipping at Amazon and Lego, both free shipping. Ordering direct also gets you a free, second gift, retail at $25.  Plus points for VIP member.

I Guess It's An Amazon Day -- January 30, 2024

Locator: 46691AMAZON.

This has come up often on CNBC from multiple sources. "Televised" sports is moving to "streaming" sports. Big, big, big deal. 

Amazon, Thursday night football.

Apple, major league soccer.

MLB? 

Local news? Streaming? That is the next big nut to crack. 

The only "thing" for which I use local networks? Local news. And why? Mostly the weather. 

****************************
A Slice of Lynch

Link here.

Spatial Computing -- January 30, 2024

Locator: 46690AAPL.

Link here

I saw her interview live on CNBC. She raved about the Vision Pro, and she and Carl Q both agreed watching a movie was absolutely amazing.

My hunch: spatial computing will be a huge success by all measures than the EV.

The WPX Bull Moose Wells -- January 30, 2024

Locator: 46689B.

The well:

• 39727, conf, WPX, Bull Moose 28-27HZ, Reunion Bay, npd;

The wells

• 20493, IA/1099, WPX, North John Elk 28HC, Reunion Bay, t4/113; cum 227K 3/23;
• 39698, drl, WPX, North John Elk 28-27HB, Reunion Bay, spud 6/23;
• 39697, drl, WPX, North John Elk 28-27HW, Reunion Bay, spud 6/23;
• 39696, drl, WPX, North John Elk 28-27HIL, Reunion Bay, spud 6/23;

• 39722, conf, WPX, Bull Moose 28-27HS, Reunion Bay,
• 39723, conf, WPX, Bull Moose 28-27HF, Reunion Bay,
• 39724, conf, WPX, Bull Moose 28-27HY, Reunion Bay,
• 39725, drl, WPX, Bull Moose 28-27HT, Reunion Bay, spud 7/23;
• 39726, drl, WPX, Bull Moose 28-27HD, Reunion Bay, spud 7/23;
• 39727, drl, WPX, Bull Moose 28-27HZ, Reunion Bay, spud 7/23;
• 39728, drl, WPX, Bull Moose 28-27HEL, Reunion Bay, spud 7/23;