Wednesday -- Hump Day -- October 30, 2024

Locator: 48677B.

Stories to watch today:

• Eli Lilly
• UBS  
• smashes 3Q24 expectations with $1.4 billion in profit
• EPS: 43 cents/share
• revenue of $19.31 billion
• revenue net of interest expense was $12.33 billion topping forecasts
  
• Volkswagen
• 60% fall in profits; sales in China slump: The Guardian.
  
• profit falls 42%: CNBC.
  
• company faces battle in talk of closing three plants in Germany;
  
• Apple's Mac Mini
  
• EV air taxis
• as always, the Mag-7 
• Ken Fisher and the Mag-7
• Corning and ATT: $1 billion fiber deal
• ticker GLW: up 5% yesterday; one-year: 84%
  
• aggressive growth plan
• two largest fiber factories in the world are in North Carolina; also lowest cost; and both are owned by Corning; tariffs can only help them; tariffs won't hurt them
• physics: fiber beats satellite
• Corning fiber competitors
  
• rule of 40
• AppEconomy
  
• MSFT earnings
• ONEOK
• Ford CEO and his favorite car
• SBUX; HQ in Seattle, the boss lives in San Diego; has ordered his folks to be "in the office" three days a week; 
• SNAP: up $10 / share in pre-market trading
  
• REDDIT soaring in pre-market trading; up over 20%
  
• PR PA PP
• this week's econ numbers
• GDP with a 3-handle; and some (not all) analysts see growth stronger than the number 
• ADP report and wage data
  
• 10-year Treasury: 4.220% 

Jargon:

• superclusters: Medium.
  

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Back to the Bakken

WTI: $67.81.

Thursday, October 31, 2024: 60 for the month; 60 for the quarter, 574 for the year

• None.

Wednesday, October 30, 2024: 60 for the month; 60 for the quarter, 574 for the year

• 40217, conf, Enerplus, Olson 146-97-3-10-7H,
• 40209, conf, Grayson Mill, Hovland 26-35 6H,

One well of interest:

• 40209, conf, Grayson Mill, Hovland 26-35 6H, South Tobacco Garden:

Date	Oil Runs	MCF Sold
8-2024	24724	41893
7-2024	32984	54086
6-2024	15267	19398

RBN Energy: access to uninterrupted power just one factor in siting data centers.

The prospect of a massive buildout of data centers across the U.S. has utilities preparing for a surge in power demand. And while access to an uninterrupted power supply is a critical factor for companies deciding where to build a data center, it’s not the only variable — power prices and proximity to customers also play a major role. In today’s RBN blog, we’ll look at where data centers are deployed across the U.S., the major factors that determine where a facility gets built, and how the sudden expansion is playing out in the major U.S. technology hubs. 

As we wrote in Storm Front, a data center is a facility housing many networked computers that work together to process, store and share data. Most major tech companies — such as Amazon, Google and Meta — rely heavily upon data centers as a central component in delivering online services. Most relevant to our discussion today, data centers are energy-intensive, consuming anywhere from 10 to 50 times the energy per floor space of a typical commercial office building, with electrical demand at larger facilities ranging from 100 to 300 megawatts (MW), or enough to power tens of thousands of homes.