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Monday, March 11, 2024

A Lot Of Posts Were Posted Tonight -- The Last Five Or Six Posts Still Need To Be Completed -- March 11, 2024

 Locator: 46730B.

But it seems "everything everywhere is happening all at once" and I don't want to get behind.

Right now, this is probably the most excited I've been about "everything everywhere" since the early days of the Bakken revolution. 

Oracle was up 15% after hours today, AAPL was moving up today, and now this, late tonight:

The Oscars -- 2024

Locator: 46729HOLLYWOOD.

Updates

March 17, 2024: long list of links.

March 17, 2024: a nice review, link here.

Original Post

Link here.

Incredible Asymmetric Warfare -- US Won't Sell China Chips, China Won't Buy US Wheat --

Locator: 46727WHEAT.

Link here


Let’s see what Deere (DE) does tomorrow. And, some related grocery prices should plummet. Isn’t that what we all want? If that happens, Midwest farmers will be clamoring for oil companies to put in pipelines (for the money those pipelines bring in).

Pipelines -- March 11, 2024

 Locator: 46726PIPELINE.

Link here


Just wait until they kill the DAPL.

Two Interesting Charts -- Foreshadowing WTI? March 11, 2024

Locator: 46723CHOCOLATE.

Both charts are from today.

Link here

Now, with the raw product going parabolic, how will the "refiner" do?

Ticker HSY:

Apple -- March 11, 2024

Locator: 46722APPLE.

I have posted and re-posted this many times:

Apple, a $3-trillion-market cap company. Right, wrong, indifferent, I break it down this way:

  • $1 trillion: hardware with integrated software, e.g., watches, iPhones, laptops, desktops, Vision Pro.
  • $1 trillion: services, e.g., cloud services; TV+; music; Siri; medical (oxygen monitor); apps; browser, maps.
  • $1 trillion: Apple Silicon, the chip division.

With recent developments, this is being changed to:

Apple, a $4-trillion-market cap company. Right, wrong, indifferent, I break it down this way:

  • $1 trillion: hardware with integrated software, e.g., watches, iPhones, laptops, desktops, Vision Pro.
  • $1 trillion: services, e.g., cloud services; TV+; music; Siri; medical (oxygen monitor); apps; browser, maps. Does not include FinTech.
  • $1 trillion: Apple Silicon, the chip division.
  • $1 trillion: FinTech.

If $4 trillion is beyond the pale, then leave it at $3 trillion:

  • $750 billion: hardware with integrated software, e.g., watches, iPhones, laptops, desktops, Vision Pro.
  • $750 billion: services, e.g., cloud services; TV+; music; Siri; medical (oxygen monitor); apps; browser, maps.
  • $750 billion: Apple Silicon, the chip division.
  • $750 billion: FinTech.
I’ll ask again: which sector will benefit most from AI? Services (the cloud), music, or FinTech?

Presidential Politics --

Locator: 46721POLITICS.

Insurrectionists: link here.


Carl Q: link here. Remember, three of the best on CNBC -- Carl Q., David Farber, and Sara Eien.

ORCL Up 15% After Earnings — March 11, 2024

Locator: 46720B.

Oracle:

Link here

Link here.

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The Rest


Investing
: it's so difficult to restrain myself from talking about investing. But this is not an investment site and I would bring nothing to the discussion, anyway. There are a gazillion analysts on CNBC every day and a gazillion websites in addition to the information provided by one's brokers. My only advice for investors (not traders):

  • never quit reading;
  • leave investing to the professionals, but investors need to know as much as possible to maximize efforts of the professionals with whom they are working: provide your broker the following information and review it at least annually:
    • your risk tolerance;
    • your time horizon;
    • your strategic plan, to include financial goals
  • have professionals file your taxes, but everyone should do their own taxes first before handing them off to their accountant
Investing: tomorrow is another big day for me with regard to putting new money into the market. At 8:01 p.m. I had no idea where to put this new money. Never quit reading. At 8:03 p.m. I knew. 

Investing: for those investing in tech, do the following —
  • check the one-year chart;
  • check the five-year chart;
  • check the p/e.
  • And then act.
Caitlin Clark: advances to “March Madness.”

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Back to the Bakken

Active rigs: 40.

WTI: $77.93.

Three new permits, #40578 - #40580, inclusive:

  • Operator: Oasis
  • Field: Tyrone (Williams County), Tioga (Williams)
  • Comments:
    • Oasis her permits for two Iceman Federal, NESE 5-156-10, 
      • to be sited 2525 FSL with one 877 FEL and the other, 943 FEL; and, 
    • one Ongstad well, NWNE 15-157-95, 
      • to be sited 480 FNL and 2580 FEL.

Five producing wells (DUCs) were reported to be completed:

  • note: the Sanish-Antelop is one of the best, perhaps the best, field in the North Dakota Bakken;
  • 37928, 137, BR, Boxer 2B MBH, Pershing, no production data;
  • 38033, 137, Petroshale, Tahu 2MBH, Sanish-Antelope, no production data,
  • 39572, 1,795, Grayson Mill, Barracuda 150-100-2-11-8H, Sandrocks, npd,

Wells of interest:

  • 32767, 2,759, Petroshale, Petroshale US 8H, Sanish-Antelope, t12/17; cum 706K 12/23; off line 1/24;
  • 33010, 1,391, Petroshale, Petroshale US 12H, Sanish-Antelope, t18/19; cum 386K 1/24, with huge jump in production, 10/23;33005, 1,560, Petroshale, Petroshale US 3H, Sanish-Antelope, t3/18; cum 586K 1/24;
  • 25457, 1,320, Grayson Mill, Barracuda 150-100-11-24H, Sandrocks, t9/13; cum 190K 8/23; off line 8/23;

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The Book Page

The book this week:

The Road Not Taken: Edward Lansdale and the American Tragedy in Vietnam, Max Boot, c. 2018.

Notes will be posted here. Having just started the book, prologue and introduction, absolutely fascinating. It brings back a lot of memories. And it already explains a lot, much of which I did not understand when I was in high school and college. I was born in 1951.

It's hard to believe but a lot of men and women greatly affected by WWII would have had children born between 1945 and 1955, meaning, children of "war veterans" were themselves being drafted to fight in another foreign war. Those born between 1945 and 1955 would have been 20 years old to 30 years old.

Much of my "coming of age" years involved this period, 1961 - 1969, and maybe even farther out, to the mid-70s, depending on what one is measuring.

Bitcoin Miners And Energy -- March 11, 2024

Locator: 46718BITCOIN.

Link here. A recurring theme on the blog.

Bitcoin mining, data center buildout and energy now followed here.

Apple -- FinTech -- March 11, 2024

Locator: 46717AAPL.

Updates

Later, 7:46 p.m. CDT: after Oracle’s earnings after hours today, the original post is even more relevant.

Original Post

Margins: before I get started, where would AI likely result in the best margins: music or banking?

  • Some of these articles are old, and chronologically the links may be out of order. No comment on the linked articles.

Link here.


Link here, at the blog.


Link here -- advertisement, junk mail, won't post screenshot, undated story.

Link here. Link here.



Liar, Liar, Pants On Fire -- March 11, 2024

Locator: 46716POLITICS.

Updates

Later, 10:14 p.m CDT: I knew the story would be big, but I did not know it would be this big this fast. Link here

Original Post

Link here.

Demographics, World Population, Africa, In One Chart -- An Update -- March 11, 2024

Locator: 46715NIGERIA.

Link here

A recurring theme on the blog.

Link here.


Link here. Nigeria, the size of Texas, will double its population in 27 years,

Gonna use a lot of coal.

Bakken Readers, Operators, Investors Are Way Out In Front On This Subject -- March 11, 2024

Locator: 46714B.

Link here.

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My Life -- When Not With Sophia

Family Archives -- March 11, 2024

Locator: 46714ARCHIVES.

Flashback: the 1966 Buick Wildcat. The Wildcat was one of my favorite cars of all the cars my dad bought over the years. I don't recall the year but it was probably in the late 60s. From Arizona:


Flashback: back in 1983 - 1986, and then again, 1989 - 1992, this was my view of the Moselle River on a regular basis, generally about once a week.


Annual Oscar Party, March 11, 2024:





Waffles and chicken: traditional dinner when college student comes home from college. Sophia's favorite get-together.

Oasis To Report Some Nice Ledahl Wells In Rosebud -- March 11, 2024

Locator: 46713B. 

Personal investing: Added to my ABBV position early this morning.

Endurance EV: update later.

Natural gas pipeline expansion and hydrogen hubs: a reader provided this link -- is WMB looking to expand natural gas pipeline expansion in Wyoming? I think we've seen this movie before: the prequel will run ten years, and there will be an endless number of sequels. But it gives me an opportunity to revisit hydrogen hubs.

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Back to the Bakken

Of interest, coming off confidential list:

  • 39483, conf, Oasis, Ledahl 5402 42-33 4B, Rosebud:
DateOil RunsMCF Sold
1-2024139318270
12-20232554416515
11-20232513516248
10-20232678015107
9-2023154649116

WTI: $77.25.

Tuesday, March 12, 2024: 110 for the month; 169 for the quarter, 169 for the year
39584, conf, Whiting, DE Bud 44-32-4TFH
39583, conf, Whiting, DE Bud 44-32-4H,
39551, conf, Whiting, S-Bar Devon 5393 34-1 7T,
39550, conf, Whiting, S-Bar Joanna 5393 34-1 6B,

Monday, March 11, 2024: 106 for the month; 165 for the quarter, 165 for the year
39506, conf, Oasis, Pocono 5302 33-4 5B,
39503, conf, Oasis, Pocono 5302 33-4 2B,
39484, conf, Oasis, Ledahl 5402 42-33 5BX,

Sunday, March 10, 2024: 103 for the month; 162 for the quarter, 162 for the year
39483, conf, Oasis, Ledahl 5402 42-33 4B,

Saturday, March 9, 2024: 102 for the month; 161 for the quarter, 161 for the year
39794, conf, Petro-Hunt, Terres 144-98-13A-24-3H,
39611, conf, Grayson Mill, Barracuda 150-100-2-11-6H,
39505, conf, Oasis, Pocono 5302 33-4 4B,
39504, conf, Oasis, Pocono 5302 33-4 3B,

RBN Energy: for US exporters, avoiding Panama, Suez canals comes at a cost.

Two maritime passages long regarded as essential shortcuts in the complex world of commodity shipping have become a lot more challenging to navigate. Transiting the Red Sea has turned potentially deadly because of geopolitical tensions, while severe drought has critically reduced operations at the Panama Canal. Combined, these issues are being felt across the energy industry, impacting U.S. and foreign producers and shippers, redrawing trade flows, extending voyage times and, ultimately, raising transportation costs. In today’s RBN blog, we’ll examine and quantify the extra time and costs that shippers of U.S. crude and refined products must bear when using alternative routes.