Active rigs: 41. It's been a long time since we've seen 41 active rigs.
Seven new permits, #41073 - #41079, inclusive:
Operators: Hess (4), Silver Hill Energy (2), BR
Fields: Dollar Joe (Williams); Kittleson Slough (Mountrail); Lone Butte (Dunn)
Comments:
BR has a permit for another Tilton well, SENW 18-147-97,
to be sited 2317 FNL and 3493 FWL
Silver Hill has permits for two TJ E Federal wells, NENE 32-158-91,
both to be sited 300 FNL with one at 769 FEL and one at 734 FEL;
Hess has permits for four GO-Foss wells, SESW23-156-97;
all four to be sited 2195/2195 FWL and at 632 FSL; 599 FSL; 533 FL; and, 500 FSL
Two permits renewed:
26330, Formentera Operations, an Olav permit, Skjermo oil field, Divide County;
37817, Neptune Operating, a Dorothy permit, Rainbow, Williams County; this one is still confidential, no release date, it appears it will be running south to north into sections 18 / 19 - 158-98. note:
from data center: $24 (prior quarter: billion $22.6)
The Day The Earth Stood Still, wiki, opened, 1951.
Nividia: will report earnings later today; after market close.
Nvidia: before the day is over, this will probably become a much sought-after graphic, link here. Compare this chart with any other similar chart and one will see just how incredible Nvidia is.
look at those incredible margins and other data points, from left to right:
largest revenue center, "Data Center": $22.6 billion; grew 23% q/q
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.
And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.
Electricity rates by state, April, 2024, link here.
Electricity
bill, north Texas. Household energy: only electricity, no natural gas.
Utility says their electricity is 100% renewable.
My rate runs
about 15.6 cents per kWh, slightly higher than the "advertised" 14.25
cents, up slightly from 14.11 cents one year ago.
You can see that
it's actually been cooler this year, but I made a conscious decision
not to worry about electricity this summer. And you can see the
difference.
Average high temperature:
last year: 105°F
this. year: 98°F
previous month: 96°F
Usage:
last year: 720 kWh
this year: 832 kWh
Average paid this month:
15.6 cents / kWh -- no complaints. ERCOT held -- no blackouts. No real spikes in the price of electricity.
from data center: $24 (prior quarter: billion $22.6)
The Day The Earth Stood Still, wiki, opened, 1951.
Nividia: will report earnings later today; after market close.
Nvidia: before the day is over, this will probably become a much sought-after graphic, link here. Compare this chart with any other similar chart and one will see just how incredible Nvidia is.
look at those incredible margins and other data points, from left to right:
largest revenue center, "Data Center": $22.6 billion; grew 23% q/q
net profit: $21.4 billion; grew 1pp q/q; 25% margin;
Cramer's first hour: a mix of fact, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC.
A reminder:
historically, the months of August and September are the worst months
of the year for investors who hope to pay more for shares.
Schwab:
investor sentient -- investors are the most bullish they've been since
Schwab first starting doing this survey. Survey: what is driving the
strong sentiment? A wealth effect is building. Concentration risk is
starting to spread out. Tech, health services, materials, utilities. Re-posted from yesterday.
BRK:
sells more BofA shares; $982 million in most recent sale
closing in on $1 trillion market cap [BRK did hit the magic number during an intra-day high but then fell back below $1 trillion market cap by the close]
now: about $280 billion in cash
AAPL: after being negative overnight and pre-market this morning, has just turned green (one cent), ten minutes before open. But now negative, down 12 cents. Nothing matters until 4:20 today. At the open, slightly in the green. Whoo-hoo!
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.
And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.
EV setback (again): GM delays Indiana battery factory. Link to TWSJ.
************************* Back to the Bakken
WTI: $74.04.
Thursday, August 29, 2024: 74 for the month; 130 for the quarter, 454 for the year 40471,conf, Oasis, Maverick Federal 5602 13-12 4B, 40418,conf, Oasis, Fossum 5301 43-35 4B, 39855,conf, Enerplus, Wildebeest 148-95-4A-16H, Elidah oil field; huge well; see this post with maps; 39712,conf, Hess, TI-Larson-LE-157-85-2635H-1 39710,conf, Hess, TI-Larson-157-85-2536H-4,
Wednesday, August 28, 2024: 69 for the month; 125 for the quarter, 449 for the year 40476,conf, CLR, Clover 4-10H, 40361,conf, Oasis, Maverick Federal 5602 13-12 3B, 36270,conf, BR, George-Lillibridge 4C MBH-ULW,
For a few days last week, Canada experienced a nationwide shutdown of
its rail transportation network — the backbone of its economy. Of the
literally thousands of items railed across Canada to consumers and for
export to the U.S. and overseas, we consider three important liquid
energy commodities — crude oil, propane and butane — that are
transported by rail to provide some perspective on the volumes and
dollar values that could have been jeopardized by an extended shutdown.
In today’s RBN blog, we summarize the short-lived disruption to Canadian
and international commerce and tally the impacts that could have been.
It’s often taken for granted, but rail transportation is critical to
the North American economy — not just Canada but the U.S. and Mexico
too. Machinery, automobiles, grains, coal, lumber, consumer goods,
chemicals, and many other things move by rail every day to keep items on
shelves for consumers, move raw materials to processing centers and for
export to overseas customers.
