Locator: 46878B.
Updates
Later, 8:01 p.m. CT: link here.
From the linked article:
Rivian Automotive Inc. emerged as a darling of investors — a brand with
promise of bringing the "cool" factor to the once-red-hot market for
electric vehicles.
But the Irvine-based company hit the brakes Wednesday, announcing a 10%
cut to its workforce and lower production expectations.
The news sent
its stock plummeting. The 25% drop in stock price that it notched
Thursday was its worst day in its history.
Original Post
Personal investing today, bought:
Carvana today: classic short squeeze. Most "shorted" stock in the market; reported unexpected earnings; stock surges. Up an astounding 33% today.
WBD, RIVN, LCID: wow, I feel sad for those investors who listen to the "wrong" analysts.
ARKK: that was probably my biggest mistake -- listening to Cathie Wood -- sometime last year (2023) if I recall correctly. Fortunately, came to my senses and got out within a week.
Jim Cramer on Cathie Wood.
Germany: but, maybe we should feel even sorrier for the demise of Germany's heavy industry sector? Link here:
China: now banning selling stocks at the opening and the closing, along with making "quick profits."
- Punishment to include longer prison sentences.
BRK: surging this past month; nice balance on the tech - non-tech barbell of investing.
Yeah, Wall Street needs the Fed to lower rates:
***************************
Back to the Bakken
WTI: $76.19.
Monday, February 26, 2024: 62 for the month; 121 for the quarter, 121 for the year
39616, conf, Whiting, DE YK 12-33-2TFH,
37486, conf, CLR, Gibb 3-24H,
Sunday, February 25, 2024: 60 for the month; 119 for the quarter, 119 for the year
38641, conf, Hess, GO-Knudson-156-97-2017H-3,
37485, conf, CLR, Gibb 2-24H1,
Saturday, February 24, 2024: 58 for the month; 117 for the quarter, 117 for the yea
39617, conf, Whiting, DE YK 12-33-2H,
39340, conf, Enerplus, Cushion 148-93-04A-09H-LL,
37343, conf, Whiting, Bigfoot LS 23-22 8H,
Friday, February 23, 2024: 55 for the month; 114 for the quarter, 114 for the year
None.
RBN Energy: additionality rules throw a monkey wrench into plans for hydrogen scale-up.
The federal government’s Hydrogen Production Tax Credit (PTC), also
known as 45V, provides the highest incentives for hydrogen produced
using clean sources of power generation, like wind and solar. That might
seem like great news for current and potential hydrogen producers
looking to take advantage of the credit, since the U.S. has added
significant renewable generation capacity in the last several years, but
the reality is much different. In today’s RBN blog, we’ll explain how
“additionality” fits into the “three pillars” of clean hydrogen, how it
would be calculated under the proposed guidance, and some ways the rules
might be adjusted to give hydrogen producers and power generators a
little more flexibility.
The proposed rules around 45V were rolled out in late December 2023.
Under 45V, credits are available based on the rate of lifecycle
greenhouse gas (GHG) emissions during a clean hydrogen facility’s first
10 years of operation. As defined by the Inflation Reduction Act (IRA),
clean hydrogen is produced in a way that results in a lifecycle GHG
emissions rate of not more than 4 kilograms (kg) of carbon dioxide (CO2) equivalent per kilogram of hydrogen (CO2e/kg). As we described in Part 1
of this series, that new standard could severely limit how much of the
tax credit is available to many of the potential low-carbon hydrogen
production facilities. For example, a blue hydrogen project — one in
which hydrogen is produced through the auto thermal reforming (ATR) or
steam methane reforming (SMR) of natural gas, with the resulting
emissions mitigated by carbon capture — can qualify for the credit if it
has sufficiently high carbon-capture rates, but the proposed
regulations likely limit it to the less lucrative bottom two tiers of
the credit due to a “locked” upstream natural gas feedstock emissions
factor. There are four tiers to the credit, maxing out for the top tier
(GHG emissions rate of less than 0.45 CO2e/kg) at $3/kg but falling to $1/kg or less for the other three tiers (between 0.45 and 4 CO2e/kg).
With regard to other "stuff" on this post -- remember:
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.
Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.
Reminder: I am inappropriately exuberant about the US economy and the US market.
