Locator: 46949B.
Breaking, link here. CHRD up slightly at the opening.
Beautiful, beautiful day in north Texas right now: sun has no idea it's about to be eclipsed later this morning / early this afternoon. Can you imagine the clout Celtic priests / druids had when solar eclipses occurred?
Head fake? IDF, Rafah?
Spirit? I've always maintained that when two companies announce a merger, it's very likely one or both are in financial trouble. March 4, 2024:
- One month later:
Chesapeake - Southwest Energy merger on hold: regulators.
Boeing: another botched flight. Southwest Airlines. Likely to impact announcement. Southwest Airlines is expected to announce the launch of Dallas – Fort Worth airport service at the end of April though this could be pushed back by availability of aircraft (Boeing delays).
Boeing CEO:
Student loan bailout: back on the table. I have no problem with student loan forgiveness.
TSMC: interesting offer from Biden administration. From Yahoo!Finance:
INTC: link here. Soon to see some interesting headlines from Intel.
Yellen / China -- back to tariffs, link here:
Personal investing:
- add to VZ position -- by rule
- debating whether to add more tech with recent TSM announcement
- sell all MCD -- by rule
- no recommendation
- see disclaimers
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Back to the Bakken
WTI: $86.23.
Tuesday, April 9, 2024: 12 for the month; 12 for the quarter, 211 for the year
39782, conf, CLR, Thorvald 6-6H,
37471, conf, SOGC, Saetz Federal 4-36H,
Monday, April 8, 2024:10 for the month; 10 for the quarter, 209 for the year
39783, conf, CLR, Thorvald 7-6H1,
38012, conf, BR, CCU Plymouth 44-29 TFH,
Sunday, April 7, 2024: 8 for the month; 8 for the quarter, 207 for the year
39784, conf, CLR, Thorvald 8-6HSL,
38973, conf, SOGC, Harris Federal 3-31H,
RBN Energy: short-side portfolio players seek to turn the tables on LNG trade.
LNG commerce is composed of two primary models. One is the traditional point-to-point model, on which the industry was founded and still accounts for more than 60% of LNG trade. More recently, the portfolio model has emerged, pursued by upstream oil and gas majors, that would allow them to monetize their gas reserves by converting them to LNG and shipping the product worldwide in vessels under their control — an attractive strategy that also would allow them to increase their exposure in the LNG market to take advantage of international arbitrage opportunities. As such, they are always long in LNG and in the ships required to move it.
However, the portfolio model is being infiltrated by a buyer community looking to become short-side portfolio players and increasingly committing to long-term offtake agreements or FOB sales, then shipping LNG not only to meet their domestic market needs but to take advantage of regional pricing differentials. In today’s RBN blog, we look at the rise of the short-side portfolio player model and ask who might prevail in a potential clash of titans over market share and dominance.
Jimmy Dimon letter to Shareholders of JP Morgan. don. https://reports.jpmorganchase.com/investor-relations/2023/ar-ceo-letters.htm
ReplyDeleteI started getting serious about investing maybe three years ago. One of my biggest observations: bankers are all the same. Not to be taken out of context. LOL.
DeleteJust as oilmen are all the same.
Delete