Locator: 47105INFLATION.
Coke: currently running about $5.25 for a 6-pack, 500-ml plastic, now available at $3.00.
Salmon:"always: $9.99 / pound for as long as we've lived in the area, now $8.99 and with a loyalty card, which we have, down to $7.99.
Locator: 47104INV.
Unless the apple cart is upset by global geo-politics, everything suggests 2024 - 2027 could be a great few years for investors.
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.
************************
The Book Page
A History of the Jews in America, Howard M. Sachar, c. 1993, should have been titled:
A History of American Capitalism and Exceptionalism
Three takeaways / comments:
Some can argue anti-semitism in the US was institutionalized to same degree as slavery and continues to exist today. In some ways, it may be getting worse. Exhibit A: two Ivy League / elite universities whose presidents have recently been removed. A third and possibly a fourth are likely revising their resumes, or their speeches in which they plan to spend more time with their families. Exhibit B: President Biden has been forced to acknowledge it / address it in major policy speeches.
*************************
A Musical Interlude
Locator: 47103B.
The wells:
The map:
Locator: 47102B.
The wells:
The map:
Locator: 47101B.
The well:
| Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
|---|---|---|---|---|---|---|---|---|
| BAKKEN | 3-2024 | 31 | 4539 | 4573 | 3987 | 17292 | 16789 | 287 |
| BAKKEN | 2-2024 | 29 | 6076 | 6048 | 4111 | 21434 | 20812 | 380 |
| BAKKEN | 1-2024 | 29 | 8406 | 8267 | 4562 | 20032 | 19323 | 490 |
| BAKKEN | 12-2023 | 31 | 4635 | 4594 | 2669 | 8353 | 7942 | 313 |
| BAKKEN | 11-2023 | 10 | 668 | 693 | 253 | 1054 | 988 | 55 |
| BAKKEN | 10-2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BAKKEN | 9-2023 | 21 | 1852 | 1848 | 1197 | 3224 | 3066 | 116 |
| BAKKEN | 8-2023 | 31 | 2866 | 2877 | 1821 | 5018 | 4716 | 241 |
| BAKKEN | 7-2023 | 31 | 2286 | 2304 | 1478 | 4444 | 4158 | 230 |
| BAKKEN | 6-2023 | 30 | 2045 | 2050 | 1520 | 3304 | 3259 | 0 |
| BAKKEN | 5-2023 | 31 | 1913 | 1927 | 1401 | 3202 | 2958 | 200 |
| BAKKEN | 4-2023 | 30 | 1837 | 1841 | 1020 | 2965 | 2753 | 171 |
| BAKKEN | 3-2023 | 31 | 1449 | 1419 | 387 | 2769 | 2629 | 95 |
| BAKKEN | 2-2023 | 28 | 1501 | 1461 | 218 | 3052 | 2913 | 97 |
| BAKKEN | 1-2023 | 31 | 935 | 931 | 117 | 1669 | 1602 | 45 |
| BAKKEN | 12-2022 | 31 | 945 | 968 | 131 | 1800 | 1672 | 10 |
| BAKKEN | 11-2022 | 30 | 1310 | 1329 | 255 | 2369 | 2183 | 28 |
| BAKKEN | 10-2022 | 31 | 1621 | 1601 | 747 | 3509 | 3036 | 151 |
| BAKKEN | 9-2022 | 30 | 1211 | 1211 | 1085 | 1083 | 832 | 0 |
| BAKKEN | 8-2022 | 31 | 1348 | 1345 | 1097 | 1179 | 901 | 0 |
| BAKKEN | 7-2022 | 31 | 1456 | 1445 | 1067 | 1924 | 1550 | 0 |
| BAKKEN | 6-2022 | 29 | 1260 | 1232 | 798 | 2924 | 2251 | 195 |
| BAKKEN | 5-2022 | 4 | 173 | 197 | 102 | 526 | 466 | 0 |
| BAKKEN | 4-2022 | 24 | 1168 | 1173 | 561 | 3689 | 3205 | 105 |
| BAKKEN | 3-2022 | 31 | 2129 | 2141 | 1088 | 4933 | 4246 | 48 |
| BAKKEN | 2-2022 | 28 | 2523 | 2611 | 1663 | 4912 | 3947 | 363 |
| BAKKEN | 1-2022 | 31 | 3742 | 3697 | 2660 | 7838 | 6864 | 62 |
| BAKKEN | 12-2021 | 31 | 2679 | 2698 | 2775 | 5395 | 4603 | 49 |
| BAKKEN | 11-2021 | 30 | 2662 | 2742 | 1423 | 6670 | 5655 | 394 |
| BAKKEN | 10-2021 | 31 | 5370 | 5340 | 2447 | 10787 | 8984 | 664 |
| BAKKEN | 9-2021 | 26 | 4734 | 4814 | 1659 | 7448 | 6233 | 597 |
| BAKKEN | 8-2021 | 31 | 6088 | 6111 | 1897 | 8907 | 7791 | 335 |
| BAKKEN | 7-2021 | 31 | 6284 | 6238 | 1867 | 3742 | 3054 | 346 |
| BAKKEN | 6-2021 | 30 | 5177 | 5067 | 1782 | 5962 | 5029 | 285 |
| BAKKEN | 5-2021 | 31 | 5640 | 5642 | 2398 | 10763 | 9348 | 383 |
| BAKKEN | 4-2021 | 30 | 5480 | 5428 | 3998 | 15984 | 14336 | 301 |
| BAKKEN | 3-2021 | 31 | 2804 | 2903 | 1367 | 4665 | 3796 | 326 |
| BAKKEN | 2-2021 | 28 | 5148 | 5072 | 3321 | 10382 | 8118 | 1148 |
| BAKKEN | 1-2021 | 31 | 4343 | 4294 | 3051 | 10325 | 9500 | 239 |
| BAKKEN | 12-2020 | 11 | 1258 | 1358 | 1131 | 3120 | 2908 | 0 |
| BAKKEN | 11-2020 | 29 | 5854 | 5895 | 4475 | 25429 | 23692 | 0 |
| BAKKEN | 10-2020 | 31 | 6494 | 6494 | 4718 | 28899 | 27134 | 0 |
| BAKKEN | 9-2020 | 30 | 5664 | 5764 | 5141 | 24638 | 23123 | 0 |
| BAKKEN | 8-2020 | 31 | 5886 | 5857 | 5064 | 29356 | 21845 | 0 |
| BAKKEN | 7-2020 | 31 | 8025 | 7951 | 5624 | 32516 | 25426 | 0 |
| BAKKEN | 6-2020 | 30 | 7920 | 8016 | 5791 | 35680 | 27058 | 0 |
| BAKKEN | 5-2020 | 31 | 9090 | 9194 | 9453 | 35712 | 27646 | 0 |
| BAKKEN | 4-2020 | 30 | 12403 | 12205 | 8710 | 26672 | 20508 | 0 |
| BAKKEN | 3-2020 | 21 | 7659 | 8048 | 5546 | 14476 | 11044 | 0 |
| BAKKEN | 2-2020 | 28 | 9671 | 9396 | 5538 | 14519 | 9814 | 234 |
| BAKKEN | 1-2020 | 22 | 6937 | 6692 | 3065 | 6949 | 4826 | 0 |
| BAKKEN | 12-2019 | 5 | 1408 | 1596 | 740 | 4138 | 3098 | 0 |
| BAKKEN | 11-2019 | 27 | 10252 | 10204 | 4803 | 30064 | 24808 | 0 |
| BAKKEN | 10-2019 | 31 | 13333 | 13290 | 5686 | 35903 | 33861 | 0 |
| BAKKEN | 9-2019 | 24 | 14940 | 15010 | 8520 | 23962 | 20519 | 1576 |
| BAKKEN | 8-2019 | 24 | 10269 | 10394 | 5096 | 19596 | 5259 | 13001 |
| BAKKEN | 7-2019 | 31 | 15509 | 15407 | 12287 | 35512 | 17776 | 15126 |
| BAKKEN | 6-2019 | 30 | 16779 | 16793 | 10486 | 35973 | 15736 | 17768 |
| BAKKEN | 5-2019 | 31 | 22920 | 22928 | 16583 | 34203 | 8069 | 23899 |
| BAKKEN | 4-2019 | 30 | 21410 | 21399 | 16629 | 29893 | 5487 | 22272 |
| BAKKEN | 3-2019 | 31 | 28512 | 28553 | 19492 | 48701 | 11742 | 34421 |
| BAKKEN | 2-2019 | 28 | 40191 | 40314 | 26093 | 60631 | 18297 | 39263 |
| BAKKEN | 1-2019 | 31 | 58383 | 58264 | 31530 | 73467 | 26039 | 43319 |
| BAKKEN | 12-2018 | 16 | 27185 | 27296 | 22478 | 34066 | 15895 | 16232 |
| BAKKEN | 11-2018 | 20 | 42494 | 43110 | 32127 | 55391 | 563 | 52180 |
| BAKKEN | 10-2018 | 25 | 92905 | 92080 | 76241 | 119780 | 0 | 114397 |
| BAKKEN | 9-2018 | 3 | 186 | 0 | 400 | 364 | 0 | 354 |
Locator: 47100LAKE.
Grapevine Lake, Grapevine, Texas.
North Texas, suburb of DFW, just north of the airport.
Photograph by Kiri Nevin while paddleboarding tonight.
Rule of thumb: an inch of rain in the air will result in a one-foot rise in water level three days later.
Lately, we have had several inches of rain in the air.
Beneath these "coverings" are picnic tables. That's how much flooding there's been in the last few days.
Locator: 47099B.
Page views:
Locator: 47098B.
The wells:
To the east:
To the west:
The maps:
Locator: 47097B.
Operators are tracked here.
Rockport Energy Solutions LLC
Locator: 47096B.
WTI: $78.99.
Active rigs: 40.
Two new permits, #40730 and #40831.
Eight permits renewed:
Rockport Energy Solutions LLC
Locator: 47095B.
Good luck to all.
But before I go, let's look at tech:
And then music, fashion, and health:
Bill Baruch just bought more AAPL. Also bought more AMGN. Whoo-hoo!
AMGN: up 0.98%.
SRE: Wow, I missed this. Climbing the wall of worry. Up 1.34% today. Trading at $75. Not long ago it was trading for $66 (April 16, 2024). Are you kidding me? $66 less than a month ago? Now trending to break through $75. I can take Sophia shopping tonight. LOL.
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.
Economy on fire! GDPNow! Link here. 4.2! Was 3.3 on May 2, 2024.
I just don't get it. CNBC talking heads seem more interested in a rate cut (LOL) than a booming economy. Give me that binary choice, and it's a booming economy every time.
Longest, most spectacular bull market in history.
*************************
The Book Page
From A History Of The Jews In America, Howard M. Sachar, 1993, pp. 336- 337.
Like Macy's, Sears Roebuck was not founded by Jews ... Richard Sears sold a $75,000 half-interest in his company to Aaron Nusbaum -- of ice-cream concession fame at the 1893 Chicago World's Columbian Exposition -- to hedge his investment, Nusbaum in turn sold half his interest to a brother-in-law, Julius Rosenwald ... the son of a Westphalian immigrant who had graduated from peddler to clothing-store proprietor ...
... when Richard Sears retired in 1908, Rosenwald, as company chairman, moved vigorously to open scores of retail outlets .. propelled Sears into first place among the nation's mass-merchandising operations .. financial integrity ... the name Sesars Roebuck had become perhaps the most respected in American retail business.
From Otto Kahn to Simon Guggenheim to Albert Lasker these financially successful Central European Jews turned almost instinctively to philanthropy as the appropriate expression of their gratitude to the American people.
Yet no Jewish millionaire quite matched the record of Julius Rosenwald, either in munificence or sheer breadth of social compassion.
Deeply moved by Booker T. Washington's autobiography, Up from Slavery, Rosenwald determined to contribute a major portion of his resources to black education.
In accordance with his "seed-corn" approach, he offered to donate half the cost of a new school for blacks to any southern community whose citizens would raise the other half. The inducement worked. Private citizens and 83 county governments in 15 southern states ultimately shared with Rosenwald the costs of constructing 5,347 black schools and colleges.
Other projects of Rosenwald's included research and experimental medical programs for middle-class patients.
Form the clinics he established at the University of Chicago emerged the Blue Cross health-insurance program.
Interspersed withRosenwald's social-welfare undrtakings were occasional bloc gifts to the city of Chicago, the Universitiy of Chicago, the Chicago Hebrew Institute, the Zionist agricultural experiment station in Athlit, Palestine, and fully $3.6 million contributed to the Joint Distribution Committee, including the JDC's Agro-Joint program in the Soviet Union.
Not least of all, at Rosenwald's instructions, the entirety of this $70-mlllion charity foundation was expended within twenty-five years of his death. It was twic the amount he had left his own family.
And then, a few pages later, post WWII, "from Cold War to belle epoque" -- page 641 ...
The wealth of the German-Jewish veterans no longer shimmered in pristine inaccessibility.
Neither any longer did it dominate as wide a spectrum of the American-Jewish economy.
By the 1950s, German-Jewish leadership remained primus inter pares only in its traditional sectors of investment banking and department-store merchandising.
In the former, most notably, that influence continued pre-eminent at least for two decades.
Lehman Brothers had burgeoned out as a leading Wall Street power after it joined with Goldman, Sachs in its renowned public offering for the Sears, Roebuck company (owned by Sachs' cousin-in-law Julius Rosenwald).
Afterward the two banking houses jointly underwrote a series of venture companies that became household words, including Woolworth, Continental Can, and Studebaker.
Althoug the formal relationship between Goldman, Sachs and Lehman Brothers ended in the late 1920s, each house continued to flourish on its own.
*********************
Commentary
It should not escape the reader that overlaying the "Jewish American story" with the "longest, most spectacular bull market in history" morphs into the Warren Buffett playbook. Period. Dot.
************************
It's Already Begun
Locator: 47094WTI.
Weekly petroleum report, link here:
SPR:
Locator: 47093B.
Longest, most spectacular bull market in history.
*********************************
Back to the Bakken
WTI: $79.07.
Thursday, May 9, 2024: 12 for the month; 76 for the quarter, 275 for the year
40117, conf, Neptune Operating, Heen 35-26 5H,
39468, conf, Hess, EN-Bakke-LE-157-93-1522H-1,
37107, conf, BR, Carlsbad 3B MBH,
RBN Energy: cut in Mexican crude exports has US refiners looking for alternatives.
Mexico’s efforts to start up the newest addition to its refining system — the Olmeca refinery — are causing headaches for global buyers of its crudes. Few are convinced that the plant near the country’s key Dos Bocas oil port is ready for service. Yet its operator, Petróleos Mexicanos (Pemex), surprised many with cuts to its crude exports in April, which were reportedly made to ensure the complex will have enough feedstock and could continue through 2024. In today’s RBN blog, we will discuss what led to the export cuts, the implications for importers, and potential replacement options.
Locator: 47092EARNINGS.
Reminder tomorrow:
Reminder, today:
Look at that, tomorrow, anticipation: ERF, STR, OMG.
*************************
The Book Page
This week, I'm continuing to read A History of the Jews in America, Howard M. Sacher, c. 1993.
Absolutely fascinating. A great summer / beach book.
Locator: 47090B.
WTI: $78.31.
Active rigs: 40.
Five new permits, #40724 - #40728, inclusive:
Three producing wells (DUCs) reported to be completed:
| Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
|---|---|---|---|---|---|---|---|---|
| BAKKEN | 3-2024 | 31 | 24015 | 23966 | 38938 | 16426 | 15267 | 1105 |
| BAKKEN | 2-2024 | 5 | 10889 | 10858 | 17638 | 7158 | 7101 | 38 |
| Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
|---|---|---|---|---|---|---|---|---|
| BAKKEN | 3-2024 | 31 | 17345 | 17265 | 53655 | 14066 | 12265 | 1717 |
| BAKKEN | 2-2024 | 5 | 0 | 0 | 152 | 0 | 0 | 0 |
Locator: 47089EARNINGS.
Reminder, today:
Look at that, today, anticipation: CHRD, OXY, CRC, OMG.
OXY: Ticker today: flat during normal trading hours; flat after hours pending announcement; earnings report here. EPS: 75 cents.
OXY is scheduled to release first-quarter 2024 results on May 7, after market close. In the last four reported quarters, the company delivered an earnings surprise of 3.39%, on average. The Zacks Consensus Estimate for earnings is pegged at 56 cents per share on revenues of $6.7 billion.
The top and bottom-line estimates suggest a decline of 7.7% and 48.6%, respectively, from a year ago. Missed on sales. Ticker down in after hour trading. Wow, you just get the feeling that nothing is going right for Buffett right now.
CRC: Ticker today: up slightly during normal trading hours; flat after hours pending announcement;
California Resources Corporation Common Stock is expected to report earnings on 05/07/2024 after market close. The report will be for the fiscal Quarter ending Mar 2024. According to Zacks Investment Research, based on 2 analysts' forecasts, the consensus EPS forecast for the quarter is $0.58. The reported EPS for the same quarter last year was $2.63.
CHRD: after market close; consensus EPS, $4.81; consensus revenue estimate is $766.26 mllion. Ticker today: up slightly during normal trading hours; flat after hours pending announcement; earnings here. Dividend: all in — $2.94.
Locator: 47087INFLATION.
12-pack, 12-oz bottles.
$12.99 / 2 = $6.50 / six-pack.
That seems less than upwards of $11.99 / six-pack often seen not too long ago. Just saying.
*****************
The Book Page
Tolstoy, War and Peace, "... every army moves on waves of ignorance and misinformation."
Norman Mailer remembered having read that when writing The Naked and the Dead.
Then, epitomized in the Coen Bros Burn After Reading.
Locator: 47086AAPL.
Updates
May 7, 2024: what's wrong with the iPad? Opinion at Bloomberg. I love my iPad. I use it for entertainment. When I want to work, I use my laptop. In a world of apps, it's all about the iPad.
Original Post
Biggest takeaways:
Apple Special Event. On Safari, apple.com. On now.
Starts with quick update / review by Tim Cook.
MacBook Air: world's best-selling 13-inch laptop and 15-inch laptop.
iPad: an amazing device in all respects. Great versatility. Huge updates today:
"GoodNotes" and iPencil -- for college students
streaming and social media with high resolution
new iPad Air
new iPad Pro
Apple Pencil
College generation now talking about taking entire Apple Suite into the college library:
a
