Manic Monday -- AAPL and Boeing In Focus -- September 16, 2024

Locator: 48596B.

Boeing: bankruptcy is now on the table.

Apple: pre-market, AAPP down $5 / share.

• Gene Munster:
• all AI features will take six months to roll out
• Munster's projections (sales): more optimistic than consensus

Tech: pre-market. All tech is trading down today.

TSM: from Peter Zeihan this morning --

The Trump administration demanded that TSMC build the best facility they possibly could in the United States, and it is…not happening. Taiwan's efforts in the US are little more than a kabuki effort to appease the US and maintain its favor. In contrast, new fabs in Japan are moving along swimmingly, as the Japanese didn't insist upon the cutting-edge technology that the US wanted.

Emmy:

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

WTI: $69.03.

Tuesday, September 17, 2024: 35 for the month; 163 for the quarter, 487 for the year
38262, conf, Hess, BB-Olson-150-95-0817H-4, Blue Buttes,

Date	Oil Runs	MCF Sold
7-2024	27823	60727
6-2024	35268	66827
5-2024	21925	38988
4-2024	28966	48690
3-2024	17246	22471

Monday, September 16, 2024: 34 for the month; 162 for the quarter, 486 for the year
None.

Sunday, September 15, 2024: 34 for the month; 162 for the quarter, 486 for the year
40356, conf, CLR, Thorp Federal 2-28H,

Saturday, September 14, 2024: 33 for the month; 161 for the quarter, 485 for the year
40221, conf, CLR, Thorp Federal 1-28HSL,

RBN Energy: unprecedented TETCO East Louisian premiums not likely to stick around. Archived.

Natural gas futures contracts can be highly liquid and trade at high volumes, with prices constantly moving as new information arrives. But some contracts are far less liquid, so when a swing occurs it tends to last — and attract attention.

That’s been the case this year for some prices on Texas Eastern Pipeline (TETCO) in Louisiana. Starting in the spring, TETCO’s East and West Louisiana zones have seen unusually elevated prices for the 2026-29 time frame, a result of the East zone’s transition into a demand hub. In today’s RBN blog, we discuss what is driving prices to historic premiums — and why they aren’t likely to become the new normal.