Another Busy Day -- June 27, 2024

Locator: 48047B.

Amazon: very seldom do I buy something from Amazon because I need it immediately. 

I almost never care if it arrives in one, two, or five days. Despite that, Amazon keeps surprising me. In our apartment complex, Amazon Prime vans are seen throughout the day, but historically most have been between 10:00 a.m. and 8:00 p.m. But now, it seems deliveries are almost 24/7, around the clock. I ordered a number of items last night about 8:00 p.m. expecting them to arrive tomorrow. In fact, they were at my door today before 7:00 a.m. Arriving even before I got out of bed.

Cramer mentioned CVS, Walgreens yesterday with regard to Amazon. He's exactly right. Folks can order last-minute items while still at work and find their purchase at their doorstep when they get home No longer do folks have to stop at the drugstore on the way home from work.

Comments by CEO of Walgreens yesterday reflect that. But that's only part of the problem facing Walgreens, CVS.

LNG: still seems to be the biggest energy story. So many articles -- the article coming out of India today may be the most amazing.

Trans Mountain Pipeline: the western Canadian pipeline? Won't turn a profit for eight. years.

EVs: buyer remorse? New survey being posted across many sites. In line with what I'm seeing. Luxury car owners love EVs; blue collar types, not so much. 

EVs: really, really, really heavy. We'll talk about the new BMW later.

ERCOT: will break all-time records in June, July (2024).

Investing: big investors are "doubling down" on oil and gas stocks. Oilprice. Most recent: Warren Buffett buys more OXY.

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Back to the Bakken

WTI: nice move overnight ... up 0.66% ---- trading at $81.43.

Sunday, June 30, 2024: 75 for the month; 139 for the quarter, 338 for the year
None.

Saturday, June 29, 2024: 75 for the month; 139 for the quarter, 338 for the year
None.

Friday, June 28, 2024: 75 for the month; 139 for the quarter, 338 for the year
None.

Thursday, June 27, 2024: 75 for the month; 139 for the quarter, 338 for the year
39517, conf, Hunt Oil, Smoky Butte 160-100-33-28H 2,
39516, conf, Hunt Oil, Smoky Butte 160-100-33-28H 1, 

RBN Energy: E&Ps sustain sector-leading dividend yields despite lower cash flows.

After thoroughly alienating their investor base over more than two decades of boom-and-bust cycles, U.S. E&Ps won investors back in the early 2020s by radically transforming themselves from high-risk to high-yield vehicles. Fueled by surging crude oil and natural gas prices in 2022, producers generated massive free cash flows — and spectacular shareholder returns that topped 10% during the late-2022 peak. Prices and cash flows subsequently retreated, however, and skeptics worried about the sustainability of producers’ high-return strategy. Would debt repayment, dividends and share buybacks sink? In today’s RBN blog, we‘ll review the Q1 2024 cash allocation of the major U.S. E&Ps with a spotlight on current dividend yields.