WTI Drops Below $68 -- Thursday, September 26, 2024

Locator: 48400B.

Helene: Cat 5? Will affect all of Florida; extend across entire southeast; as far north as Nashville to feel the storm.

Irresponsible: Disney says parks will stay open.

Intel: top story over at Yahoo!Finance. Long story; fails to report CPU failures. Great trading opportunities for nimble, brave traders. 

Oracle-Nvidia pump: Motley Fool. Video: epic event October 10, 2024. Share price surging. P/E insane. MI325X accelerator. Google, AWS will be the ones to watch. Turin: CPU. Network solutions could be catalyst. Long term bullish. I think it’s fascinating. But right now it looks look AMD share price hinges on news from AWS and Google. 

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Back to the Bakken

WTI: $67.89. Despite a major escalation of hostilities in the Mideast, a significant drop in US crude oil storage, and a category 4 hurricane bearing down in the Gulf (though the latter will miss the oil wells and refineries in Texas / Louisiana and will pretty much shut down commerce in Florida for several days). OPEC says it it scrapping $100-oid strategy to improve market share. Headline: oil price "dip" on talks of ceasefire.

Friday, September 27, 2024: 57 for the month; 185 for the quarter, 509 for the year
40280, conf, Hess, EN-Lonetree Farm-156-94-0805H-7,
39936, conf, Hess, RS-Feldman-LW-156-92-1423H-1,

Thursday, September 26, 2024: 55 for the month; 183 for the quarter, 507 for the year
40522, conf, Slawson, Fisherman 5-21 28TFH,
39935, conf, Hess, RS-Juma-156-92-1131H-2,
37827, conf, Enerplus, Swift 149-93-10A-15H, 

RBN Energy: diversified E&Ps rebalancing portfolios to crude oil as natural gas revenues sink. 

The recent bankruptcy filing by Tupperware, once a staple of nearly every kitchen, is yet another reminder that long-term corporate success depends on managing through the ever-changing business environment. Many blogs have been written about the ultimate impact on oil and gas producers of the decades-long shift to lower-carbon energy sources, but E&Ps face short-term challenges as well, one of which is the recent plunge in natural gas prices. In today’s RBN blog, we analyze the effect of lower gas prices on the revenues, cash flows, investment, leverage and cash allocation of producers with a rough balance of oil and gas production and discuss how these Diversified producers are adapting.

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Disclaimer 
Brief Reminder 

• I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• 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. 
• Reminder: I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia and large data centers.