A COP Heiress Who Received $100,000 In Dividends Last Quarter, Will Get $134,000 In Dividends This Quarter -- That Should Cover 3% Inflation Concerns -- Thursday, October 31, 2024

Locator: 48683B.

Comcast: considers spinning off cable networks.

COP: raises dividend by 34%.

US economy, link here:

With another solid performance in the third quarter, the U.S. has grown 2.7% over the past year. It is outrunning every other major developed economy, not to mention its own historical growth rate.

More impressive than the rate of growth is its quality. This growth didn’t come solely from using up finite supplies of labor and other resources, which could fuel inflation. Instead, it came from making people and businesses more productive.

This combination, if sustained, will be a wind at the back of the next president. Three of the past four newcomers to the White House took office in or around a recession (the exception was Donald Trump, in 2017), which consumed much of their first-term agenda. The next president should be free of that burden.

Meanwhile, higher productivity growth should make the economy a bit less prone to inflation, more capable of sustaining budget deficits, and more likely to deliver strong wages. All would be a boon to President Trump or President Kamala Harris.

To describe this economy as remarkable would strike most Americans as confusing, if not insulting. In the latest WSJ poll, 62% of respondents rated the economy as “not so good” or “poor,” which explains the lack of any political dividend for President Biden. There are many reasons for the disconnect, most important the high inflation of 2021-23, whose effects still linger.

And then this, Goldilocks:

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Back to the Bakken

WTI: $69.19.

Friday, November 1, 2024: 3 for the month; 63 for the quarter, 577 for the year

• 40293, conf, Grayson Mill, Hovland 26-35 5H,
• 40291, conf, Grayson Mill, Hovland 26-35 XW 1H,
• 40246, conf, Empire North Dakota LLC, Pike 32-6 1H,

Thursday, October 31, 2024: 60 for the month; 60 for the quarter, 574 for the year
None.

RBN Energy: BridgeTex on track to be the last Permian-to-Houston Pipe to fill up.

Permian producers have enjoyed an abundance of outbound options since the pandemic, with egress capacity surpassing production. While a significant amount of capacity remains available, not all routes have proven equal in the eyes of the market, with Corpus Christi and Houston the most sought-after destinations for Permian crude. In today’s RBN blog, we’ll explore why ONEOK’s BridgeTex Pipeline is the only conduit serving the Houston market that still has room to take on additional volumes — although it appears to be quickly nearing full capacity.