TGIF -- November 1, 2024

Locator: 48689B.

Nuked! NextEra no longer bullish on nuclear SMRs.

Previously posted: questions about that "increased dividend" announced by CVX -- did someone else see what I saw?

Earnings:

• Chevron:
• headlines look good;
• just under the surface, huge concerns;
• incredible risk right now as Hess deal stalls.
  
• XOM:
• earnings beat; dividend hike from 95 cents to 99 cents
• EPS: $1.92 vs $1.87
• relied on higher output to offset weakness in oil prices
• ENB:
• six days ago: analysts expect a decline earnings
• today: Enbridge's 3Q24 profit more than doubles on acquisition contributions; link here.
  
• a more than twofold jump in its third-quarter profit
• recent deals make Enbridge the largest gas utility by volume in North America
• debt concerns investors
• EPS: missed by a Canadian penny -- 55 Canadian cents vs 56 Canadian cents

Jobs: another Goldilocks report? Steve Liesman says so.

• buge miss on nonfarm payrolls: 12,000 vs 100,000
• hurricanes and strikes
  
• unemployment rate = 4.1%
• others say it was a "bad report"
• mostly blah, blah, blah -- again 

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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 something appears wrong, it probably is. Feel free to fact check everything.
  
• 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.
• Longer version here.

 

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Back to the Bakken

WTI: $71.09

Sunday, November 3, 2024: 6 for the month; 66 for the quarter, 580 for the year

• 40640, conf, CLR, Christopherson 7-14H,

Saturday, November 2, 2024: 5 for the month; 65 for the quarter, 579 for the year

• 40641, conf, CLR, Vandeberg 7-35HSL,
• 39639, conf, Hess, TI-State-LN-158-95-3635H-1,

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,

RBN Energy: "hydrogen-rich" gasoline might provide a boost for refiners, but challenges remain.

Oxygen-containing gasoline additives called oxygenates, including ethanol, have provided an octane boost to the U.S. gasoline pool since 2000. This has allowed refineries to reduce the octane of refinery-produced gasoline, which increases their gasoline production capacity and efficiency while simultaneously helping achieve the goals for cleaner, lower-carbon fuels derived from domestic renewable feedstocks.

A new approach to gasoline formulation promises to take this “sharing” of the octane load much further to exploit the unique octane-enhancing qualities of ethanol, although there are some real-world challenges to wider implementation. In today’s RBN blog, we explain what’s behind the concept of “hydrogen-rich” gasoline.