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Sunday, January 7, 2024

Blue Skies From Now On -- January 7, 2024

Locator46484INV.


EPD: raises quarterly dividend to 51.50 cents; was 50 cents. Paying 7.72% vs 7.49%. Perfect for a tax-free account. Yes. And even in retirement there are tax-free options for almost anyone.


Highlights:

  • spending bill to prevent US government shutdown near vote? Check!
    • no mention of "border security" in CNBC story unless I missed it
    • puts the southern surge story in perspective
  • Israel wrapping up operations in northern Gaza? Check!
  • BRK / Pilot won't go to trial? Trial "canceled." Check!
  • Apple CEO Tim Cook to meet with DOJ? Check!
  • US equity markets stabilizing? Check! [That didn’t last long. Monday morning — WTI dropping— but then again, it’s Monday.]
  • WTI trending toward $74? Check!
  • Libya's NOC declares force majeure? Check!
  • Standard Chartered: oil demand growth to remain robust in 2024 and 2025. Check!
    • Standard Chartered have predicted that oil demand growth in the current year will clock in at a robust 1.54 mb/d and 1.41 mb/d in 2025
    • StanChart has forecast that global oil demand growth in 2024-2025 will remain above the longer-term average
    • the analysts have predicted that global monthly demand will move above 104 mb/d for the first time ever in August 2024 before eclipsing 105 mb/d in August 2025
  • great for Main Street? 



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