Locator: 47150IRAQ.
I guess you can say the US bought Iraq for China.
Monday, May 20, 2024
Today. And This Guy Might Be Running The US Treasury By This Time Next Year -- May 20, 2024
Locator: 47148DJT.
Screenshot.
Ticker: DJT.
Just Checking In -- $$$ / BOEPD -- May 20, 2024
Locator: 47143B.
Pricing the Permian and Eagle Ford.
- CLR / Permian: $59,090 / boepd.
- NOG / Permian: $52,000 / boepd
- $79,000 / acre
Today, APA, link here:
- APA / Eagle Ford: $700 million / 13,000 boepd = $53,846 / boepd
Two New Permits But That's About It -- May 20, 2024
Locator: 47142B.
WTI: $79.70.
Active rigs: 36.
Two new permits, #40768 - #40769, inclusive:
- Operators: Hess, Enerplus
- Fields: Hawkeye (McKenzie); Little Knife (Dunn)
- Comments:
- Hess has a permit for an HA-Grimestad well, NWNW 30-152-95;
- to be sited 462 FNL and 932 FWL;
- Enerplus has a permit for another Olson well, SWSW 34-147-97,
- to be sited 539 FWL and 414 FWL;
Change of operator: from XTO to Oasis:
- 39549, Bronson 31X-14C, NWNE 14-159-96;
- 35950, Bronson 31X-14D, NWNE 14-159-96;
Stayin' Focused -- Stayin' Alive -- Monday, May 20, 2024
Locator: 47141TECH.
Note size of chips:
Staying focused. Staying alive. Link here.
SCCO: First mention, on the blog, February 26, 2011. Link here. I had no intention of investing in SCCO but some years later -- I forget exactly when -- it all changed.
Posted earlier today:
Note size of chips:
- INTC: Sapphire Rapids, 10 nm, a whopping 1,600 nm^2
- QCOM: Snapdragon, 4 nm, a teensy, teensy, 268 nm^2
- AAPL: A17, 3 nm, half again as small, at 103.8 nm^2
- AAPL: M3, M4, 3 nm, physical size not posted; M4 introduced here; specs but physical size not mentioned;
QCOM: link here.
Disclaimer Briefly
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.Got Air Conditioning? Summer, 2024 Is Going To Set All Time Energy Demand Records -- North Of The Equator, Worldwide -- May 20, 2024
Locator: 47140NATGAS.
Is anyone paying attention?
What fuel is favored for electricity generation (air conditioners)? I'll give you three guesses and the first two don't count.
Is anything paying attention?
Four Most Interesting Stocks Today -- May 20, 2024
Locator: 47139INV. Link here.
Commentary:
When I look at the charts below and the US equity market in the past two months, these thoughts cross my mind:
- no Fed rate cut -- and yet, the market keeps moving higher (at least some sectors)
- some think as many as three cuts yet this year
- some think one cut this year
- some even think of a rate rise before the year is out
- the Fed
- some think JPow's recent comments have been hawkish
- some think JPow's recent comments have been dovish
- for me, it's clear where JPow stands
- inflation -- the way the "big boys" measure inflation, inflation remains sticky
- "inflation remains sticky" has become a meme; it's completely inaccurate
- inflation: is it due to --
- typical business cycle?
- supply chain issues?
- fiscal / monetary policy?
- my favorite chart: assets in MMFs have decreased month-over-month for the two most recent consecutive months; where is that money going; only two spots
- retail spending
- investing
- what else is there?
- AI revolution: real or hyped?
- earnings have surprised almost everyone
- earnings grew into P/Es
- Goldilocks economy: investors / savers both benefiting
- Presidential election year
- price of oil / gasoline
- some think the world is awash in oil
- others think the SPR drawdown is a real concern
- I know longer care about the SPR, but it doesn't matter; it's all MOJO
- demographics: intergenerational transfer of wealth
- my favorite data point
- it's all about RMDs, from tax-deferred retirement accounts to market in general
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The Screenshots
Disclaimer Briefly
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.Wiki Has Updated Its "Transistor Count" Page -- Whoo-Hoo! -- May 20, 2024
Locator: 47138TECH.
The update: the M4 finally makes the page. Interesting location. Also note the Apple A17, 3 nm, 2023.
Compare most recent with that of November, 2023, lots of changes:
November 13, 2023:
Micron Note -- May 20, 2024
Locator: 47137TECH.
I had forgotten this book is not all that old. And it's as relevant as ever. I was reading it in January, 2023, right at the time I was about a year into pivoting into tech. The "only" tech company in that book that I missed was Micron. I've since corrected that mistake. Micron was a big story on CNBC/Cramer this morning.
Tech is tracked here.
Chips, semiconductor: link here.
- Home page for tech: link here.
- The cloud: link here.
- Streaming: link here. Streaming wars.
- Spatial computing: link here.
- Generative AI: link here.
- Apple Silicon: link here.
- Supercomputers: link here.
- Data centers: link here.
Disclaimer Briefly
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.
A Stand-Alone Reminder -- This Is Not An Investment Site -- May 20, 2024
Locator: 47136B.
Disclaimer Briefly
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.
**************************
Carl Q Notes
******************
The Book Page
Reese Witherspoons's library. Link here.
In 2012, she started the production company Pacific Standard with Bruna Papandrea. Its first projects were film adaptations of books: “Gone Girl” and “Wild,” which both opened in theaters in 2014.
Growing up in Nashville, Witherspoon knew the value of a library card. She caught the bug early, she said, from her grandmother, Dorothea Draper Witherspoon, who taught first grade and devoured Danielle Steel novels in a “big cozy lounger” while sipping iced tea from a glass “with a little paper towel wrapped around it.”
This attention to detail is a smoke signal of sorts: Witherspoon is a person of words.
When she was in high school, Witherspoon stayed after class to badger her English teacher — Margaret Renkl, now a contributing opinion writer for The New York Times — about books that weren’t part of the curriculum. When Witherspoon first moved to Los Angeles, books helped prepare her for the “chaos” of filmmaking; “The Making of the African Queen” by Katharine Hepburn was a particular favorite.
So it made sense that, as soon as Witherspoon joined Instagram, she started sharing book recommendations. Authors were tickled and readers shopped accordingly. In 2017, Witherspoon made it official: Reese’s Book Club became a part of her new company, Hello Sunshine.
As Folks Head Into Work This Monday Morning -- May 20, 2024
Locator: 47135ECON.
NVDA: earnings due Wednesday. Today, pre-market, up $12 / share; up 1.4%.
Updates
Later, 10:32 a.m. CDT: mid-morning trading --
Original Post
Boom! 60,000 in five years?
Ryan Air: Ka-ching!
Inflation: so yesterday?
VIX: fresh multi-year lows. M.U.L.T.I.-Y.-E.A.R.-L.O.W.
Russia --> China natural gas pipeline: keep dreaming.
Buffett cash? Never mind. There's a reason why Buffett is forced to keep so much cash on hand.
Sanctions on Russia? Yeah, they're working.
PC war back on? Microsoft's M1 moment? Problem? Apple has deployed the M4.
Reality sucks. The Netherlands throws in the towel on renewables.
Manic Monday -- May 20, 2024
Locator: 47134B.
Chart of the day: something I learned today (SILT -- copper is a well-known by-product of gold mining.
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Back to the Bakken
WTI: $79.60.
Tuesday, May 21, 2024: 32 for the month; 96 for the quarter, 295 for the year
40183, conf, CLR, Sloan 4-8H,
39657, conf, Hess, GO-Bergstrom-156-98-2734H-5,
39404, conf, Whiting, Olson 31-31-2H,
39403, conf, Whiting, Olson 31-31H,
38142, conf, BR, Ole 9-1-29MBH,
Monday, May 20, 2024: 27 for the month; 91 for the quarter, 290 for the year
38143, conf, BR, Ole 8-1-29TFH,
Sunday, May 19, 2024: 26 for the month; 90 for the quarter, 289 for the year
38144, conf, BR, Ole 9-1-29MBH,
RBN Energy: Permian gas processing plans hint at impending rebound in production. Archived.
Permian production may have plateaued over the past few months — the shale play’s crude oil output has bounced between 6 MMb/d and 6.3 MMb/d for almost a year now, and natural gas production has hovered around 18 Bcf/d for about as long. But producer-backed plans to continue adding gas processing capacity in the Permian’s Delaware and Midland basins strongly suggest that E&Ps in West Texas and southeastern New Mexico see a lot more production growth “up around the bend.” As we discuss in today’s RBN blog, midstream companies haven’t tapped the brakes on their plans for new gas processing capacity in the Permian — in fact, they’ve been keeping the pedal to the metal.