Locator: 46909B.
Immigration: the $7 trillion gift. Link here.
Don't you just love politics? Biden may lift the LNG permit pause to win Ukraine aid. Link here. Charles Kennedy so you know it's gotta be good.
US oil companies stealing market share from OPEC. Link here.
TSM:
Fed rate cut, current buzz:
Locator: 46907MISC.
Inflation watch: another great example. The "standard" price is $5.88 in the local area, so $5..99 is a bit on the high side, but look at that, four for fourteen dollars.
Wiretapping? This is brilliant. I wish I had been the lawyer who thought of this. This is a no-brainer. I personally like marketing folks tracking my web surfing: I know I'm always going to get ads. I just prefer ads that provide value to me not random ads. I remember vividly, decades ago getting ads for male-enhancement drugs. I don't get those adds any more. I get ads for Lego, which I prefer.
Basketball television ratings: this is why college athletes need to get paid. Caitlyn Clark, alone, was probably responsible for adding a million or two viewers. Link here.
For investors concerned about inflation, be careful for what you ask. Even a little deflation is a whole lot worse than a bit of inflation. Link here.
For those asking the question, are you better off now than you were four years ago? Link here. Over the last five years, household net worth has grown by 50%.
Landings. See my earlier blog on this. Now, another one.
For the Dutch, reality sucks. Link here. I wonder if folks know why?
Locator: 46906B.
WTI: $85.43.
Active rigs: 38.
Eight new permits, #40634 - #40642, inclusive:
One producing well (a DUC) was reported completed:
Dry hole:
Locator: 46905INV.
This is in response to a comment from a reader regarding Intel.
I'm probably one of the worst investors ever but like Buffett, I'm hoping to live a long life that will make up for all the mistakes I've made since 1984. LOL.
I could afford to be a lousy investor: non-investing life decisions / life outcomes played a much bigger role than any investing acumen. Like no divorce. LOL.
Anyway, I was a passive investor for most of my life -- investing in mutual funds, for example.
It wasn't until around 2011 (or maybe it was 2009 or 2010 when I got into a discussion with my son-in-law who was going to Harvard Business School at the time. We were discussing Netflix vs Roku, a discussion that I posted on the blog back in 2011 or thereabouts.
It was then that I started a segment on the "next big thing," and my first "next big thing" was Netflix. This was back in 2011 or thereabouts. Possibly a year earlier.
Many years later, knowing nothing about the Permian, I did a deep dive into small operators there and for me, "the next big thing" coming out of the Permian was Devon. In the big scheme of things, I was correct, but the stock market did not reward me as expected, and I got out.
Some years later I stumbled on Nvidia. It's a long story. I think I posted that story in bits and pieces on the blog, but I can't remember. Finding / noting / seeing Nvidia was serendipity -- no one was talking about it -- but before I invested in Nvidia I did a deep dive into technology (semiconductor chips) and, wow, incredibly beneficial. At the same time, I happened to come across a book -- I'll look it up later -- but I think it was called Chip Wars. Learned everything I needed to know about investing as far as I was concerned at that moment and picked seven chip-related companies based on what I read. The best thing: from that book and some superficial wiki research I knew to stay away from Intel.
With regard to the seven chip-related stocks: I was wrong on one (SNOW) and missed two: MSFT and MU. A reader brought attention one (AVGO) for which I am eternally grateful.
Regardless of the investing, the "deep dives" were so incredibly rewarding. Because of the "deep dives" I understand:
So, understanding something is more rewarding / more important than the investing per se, if that makes sense.
So, since 2007, I've done "deep dives" in four sectors, looking for the next big thing.
I'm not sure where I'll go next and it may be years before I find something worth another "deep dive."
A satisfactory "deep dive" requires time alone on a balcony overlooking Flathead Lake.
With regard to Intel: I won't "invest" in it but for some it's going to be huge as a trading stock. There's a lot of "legacy" investors in that company and that alone will provide some "soft floors" as they say.
Maybe more later.
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.
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, I am also inappropriately exuberant about all things Apple.Locator: 46904INV.
Up 36% in the past month. Pays more than 3% who bought earlier.
Another option: MMFs.
SCCO vs BRK, five years:
**************************
1Q24
Return:
Locator: 46899INV.
This is not my portfolio. This is where I put new money. I have a fairly robust revenue stream even in retirement. I limit the list to less than twenty ticker symbols. I re-evaluate the list every quarter.
Obviously I make changes if conditions warrant.
This was the list I put together on January 1, 2024.
At the end of each quarter I raise more cash by tax-loss harvesting.
I am in the process of making changes in the spreadsheet for 2Q24.
Locator: 46902B.
EIA weekly petroleum report, link here:
AAPL:
Personal investing:
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.
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, I
am also inappropriately exuberant about all things Apple.
***************************
Back to the Bakken
WTI: $85.92. Let's call it $86!
Thursday, April 4, 2024: 4 for the month; 4 for the quarter, 203 for the year
36083, conf, Hess, BB-Federal A-LS-151-95-1615H-10,
RBN Energy: explaining the bump in heavier crude oil production in Texas, New Mexico, and North Dakota. Archived.
The Energy Information Administration (EIA) recently raised a few eyebrows across the energy industry with a report that producers in three key shale states — including Texas, the nation’s #1 oil producer — seem to be extracting larger amounts of “heavier” crude oil. Of course, the oil is only heavier relative to the light and superlight grades that have been produced in copious amounts since the dawn of the Shale Revolution. But these denser, lower-API volumes have recently helped drive growth in total crude output. In today’s RBN blog, we unpack what the EIA discussed in its writeup, explore some of the possible drivers behind the apparently heavier oil production, and discuss what it might mean for the domestic market.
Locator: 46901ECON.
1. Exhibit A, link here. And, here.
2. Exhibit B, link here.
3. Exhibit C, jobs:
4. Exhibit D, GDPNow:
5. Exhibit E, oil:
6. Taiwan earthquake, transient effect on chips
7. Bottom line, June, 2024:
