Everything, Everywhere Happening All At Once -- October 8, 2024

Locator: 48540TECH.

Link here.

By tomorrow, this story should be everywhere.

By the way, more evidence / reporting / details that DOJ is/was considering action to breakup Google. I could be wrong on that, but that's what I'm reading on twitter. Will need to watch. Probably nothing.

**********************************
Disclaimer
Brief 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. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.

 Let's see if there are any more stories regarding the Nvidia - Microsoft story. Here's one -- six hours ago:

The Grayson Mill Costanza Wells In Siverston -- October 8, 2024

Locator: 48539COSTANZA.

For folks like me, used to single wells on single-well pads, it's quite stunning to see these mega pads. Yes, this has been going on for quite some time, but it is still stunning, still exciting. Exhibit A: the Grayson Mill Costanza pad in Siverston oil field.

The wells:

• 40961, drl/conf/ros, Grayson Mill, Costanza 23-14 XW 1H, Siverston;
  
• 40962, loc/conf, Grayson Mill, Costanza 24-13 1TFH, Siverston;
• 40963, loc/conf, Grayson Mill, Costanza 24-13 2H, Siverston;
• 40964, loc/conf, Grayson Mill, Costanza 24-13 3TFH, Siverston;
• 40968, loc/conf, Grayson Mill, Costanza 24-13 4H, Siverston;
• 40723, loc/conf, Grayson Mill, Costanza 24-13 5TFH, Siverston;
• 40969, loc/conf, Grayson Mill, Costanza 24-13 6H, Siverston;
• 40970, loc/conf, Grayson Mill, Costanza 24-13 7TFH, Siverston;
• 40971, loc/conf, Grayson Mill, Costanza 24-13 8H, Siverston;
  

The maps:

Wells of interest:

• 24654, 881, Oasis, Hartel 1-26HA, Siverston, t8/13; cum 357K 8/24;
• 24655, 838, Oasis, Hartel 1X-26H, Siverston, t8/13; cum 357K 8/24;
• 24656, 882, Oasis, Hartel 1-26HB, Siverston, t8/13; cum 502K 8/24;

• 32369, conf, XTO, Hartel 14X-23EXH, Siverston, t--; cum --;
• 32370, conf, XTO, Hartel 14X-23A, Siverston, t--; cum --;
• 32371, conf, XTO, Hartel 14X-23E, Siverston, t--; cum --;
• 32372, conf, XTO, Hartel 14X-23B, Siverston, t--; cum --;
• 32373, conf, XTO, Hartel 14X-23F, Siverston, t--; cum --;
• 32416, conf, XTO, Hartel 14X-23BXC, Siverston, t--; cum --;

Five New Permits For MRO In Bailey Oil Field -- October 8, 2024

Locator: 48538MRO.

Five new permits, #41214 - #41218, inclusive.

• Operator: MRO
• Field: Bailey (Dunn)
• Comments:
• MRO has permits for five wells in Bailey oil field, SWSW 9-145-93; the wells are Laurie, Torgus, Vione, Bjarne and Hannifan,
• all to be sited 615 FSL and at the following distances FWL: 515; 715; 755; 795; and, 835.
  

Well of interest:

• 22657, 1,204, MRO, Judy Christensen 31-4H, Bailey, t8/12; cum 265K 8/24;

Cramer's Last Hour -- Part 1 -- October 8, 2024

Locator: 48537CRAMER.

Cramer's first hour: a mix of facts, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC.  

The market! Wow, what a day. US major indices near new records. Oil and oil equities sink. Most surprising (most numbers rounded):

• NVDA: up 4%; up $5 / share.
• AAPL: up 2%; up $4 / share.
• PLTR: up 7%; up $2.50 / share.

Tech, the "Fast Money" panel, not surprising, "seems" confused. 

EVs/GM: analyst suggests the $10,000 BYD is / will be a real force, even with a 100% tariff ($20,000) with which American care companies will need to compete. Really? 

• Remember this from July 9, 2024? Stellantis now in deep doo-doo! Doing everything it can to conserve cash! Dealers frustrated, irate.

GDPNow: link here. Most recent estimate (today): 3.2%. This is up from previous estimate (one week ago): 2.5%.

**********************************
Disclaimer
Brief 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. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.

***************************************
Back to the Bakken

WTI: $73.93.

Active rigs: 40.

Five new permits, #41214 - #41218, inclusive.

• Operator: MRO
• Field: Bailey (Dunn)
• Comments:
• MRO has permits for five wells in Bailey oil field, SWSW 9-145-93; the wells are Laurie, Torgus, Vione, Bjarne and Hannifan,
• all to be sited 615 FSL and at the following distances FWL: 515; 715; 755; 795; and, 835.
  

Well of interest:

• 22657, 1,204, MRO, Judy Christensen 31-4H, Bailey, t8/12; cum 265K 8/24;

Three producing wells (DUCs) reported as completed:

• 37579, 1,241, BR, Croff 2B MTFH, Croff oil field;
  
• 40304, 583, Hunt, Trulson 156-90-11-14H-2 NWNE 11-156N-90W,
• 40952, 158, Empire North Dakota LLC, Woodpecker 29 2H, 

Wells of interest:

• 17297, offline/525, BR, Croff 1-2H, Croff, t8/08; cu 437K 6/24;
• 33143, offline/1,245, BR, Croff, t10/17; cum 628K 6/24;
• 33145, 585, BR, Cross 22B UTFH, Croff, t10/17; cm 684K 8/24;

Cramer's First Hour, Part 4 -- October 8, 2024

Locator: 48536CRAMER.

Cramer's first hour: a mix of facts, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC.  

Kansas City Chiefs: incredible game last night. Absolutely in control. Had huge running game. Direct snap to Travis Kelce was high point (?) and then completed pass.

"Fast Money" --  panelists generally don't "get" Apple (AAPL). Particularly Dan Nathan. AAPL today:

New York City:

 Tulips, link here:

**********************************
Disclaimer
Brief 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. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.

Cramer's First Hour, Part 3 -- October 8, 2024

Locator: 48535CRAMER.

Cramer's first hour: a mix of facts, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC.  

Nvidia: first story on Cramer's opening hour this morning. Overtakes Microsoft as #2.

Buffett: continues to shed BofA -- now just above 10%. Sits at 10.1%. Link here.

Amazon Prime -- Apple! It's Prime Day(s) for Amazon today. October 8 - 9, 2024. Prime deals now.

Holy mackerel -- for all practical purposes, back to $1,000 -- 15-inch -- M3 -- saving almost $300 on a $1000-computer ... I'm going to regret this ...

Nvidia: second biggest company: from Forbes today -- emphasized by Carl on Cramer's first hour:

Despite losses for its big tech peers, Nvidia’s stock rallied Monday, leading it to eclipse Microsoft as the second-largest company in the world amid the AI boom. Nvidia registered its highest market cap since August at $3.19 trillion, trailing only Apple, valued at $3.4 trillion.

**********************************
Disclaimer
Brief 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. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.

Cramer's First Hour, Part 2 -- October 8, 2024

Locator: 48534CRAMER.

Cramer's first hour: a mix of facts, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC.  

RoboTaxi:

• Waymo: 100,000 rides / month -- perfect safety record
• Tesla: "middle of the pack" when it come to RoboTaxi -- CNBC, this morning.

Roblox; watch this one today.

Israel: still talking opening about hitting Iranian oil sector. Why would Israel keep talking about this openly? It's very, very easy to connect the dots. Link here.

**********************************
Disclaimer
Brief 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. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.

TSMC -- October 8, 2024

Locator: 48533TSMC.

TSMC:  

TSMC vs Intel, Motley Fool, October 7, 2024. Link here.

Energy needs surge -- huge story -- location, location, location --

Ticker:

Nobel Prize Laureates -- Physics -- Machine Language Learning -- Google Brain -- The Godfather Of AI -- October 8, 2024

Locator: 48532NOBEL.

One would assume this is the basis of neural processing units, but that assumption could be way wrong. Whatever. CPUs, GPUs, and NPUs.  From an earlier post: Update: add NPUs to discussion. Link here.

John Joseph Hopfield (born July 15, 1933) is an American scientist and emeritus professor of Princeton University, most widely known for his study of associative neural network in 1982. 

He is known for the development of the Hopfield network. Along with Geoffrey Hinton, in 2024 he was awarded the Nobel Prize in Physics for his work on artificial networks. He has been awarded various major physics awards for his work in multidisciplinary fields including condensed matter physics, statistical physics and biophysics. 

Geoffrey Everest Hinton (born 6 December 1947) is a British-Canadian computer scientist, and cognitive psychologist most noted for his work on artificial neural networks, which has earned him the title as the "Godfather of AI". 

He won the 2024 Nobel Prize in Physics alongside John Hopfield. From 2013 to 2023, he divided his time working for Google (Google Brain) and the University of Toronto, before publicly announcing his departure from Google in May 2023, citing concerns about the risks of artificial intelligence (AI) technology. In 2017, he co-founded and became the chief scientific advisor of the Vector Institute in Toronto.

The Vector Institute is a private, non-profit artificial intelligence research institute in Toronto focusing primarily on machine learning and deep learning research. 

As of 2023, it consists of 143 faculty members and affiliates — 38 of which are CIFAR AI chairs — 57 postdoctoral fellows, and 502 students. Along with the University of Toronto, the Vector Institute is affiliated with faculty from universities across Ontario, as well as British Columbia and Nova Scotia.

Cramer's First Hour, Part 1 -- October 8, 2024

Locator: 48531CRAMER.

Cramer's first hour: a mix of facts, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC. 

Second biggest company: from Forbes today -- 

Despite losses for its big tech peers, Nvidia’s stock rallied Monday, leading it to eclipse Microsoft as the second-largest company in the world amid the AI boom. Nvidia registered its highest market cap since August at $3.19 trillion, trailing only Apple, valued at $3.4 trillion.

Foxconn: to build Nvidia's superchip factory in Mexico.

Is this why NVDA is up 5% in pre-market trading? The story of the day? Samsung. Link here.

Normally a company reporting a nearly fourfold increase in its operating profit is a cause for celebration. Not so for Samsung Electronic, which accompanied its profit forecast on Tuesday with an apology.

Samsung stock fell 1.2% in local trading on the Korea Exchange on Tuesday after its profit forecast for the third quarter fell short of expectations.

While the company was hit by one-off bonus payments, the company also struggled to match some of its rivals in terms of producing advanced chips.

Samsung has lost the lead in high-bandwidth memory chips—a key component in AI processors—to domestic rival SK Hynix. Samsung’s latest HBM memory-chip products are reportedly still being tested for potential incorporation in processors from leading AI-chip maker Nvidia.

Graviton (AWS): link here. 

AWS Graviton is a family of 64-bit ARM-based CPUs designed by the Amazon Web Services subsidiary Annapurna Labs.

The processor family is distinguished by its lower energy use relative to x86-64, static clock rates, and omission of simultaneous multithreading.

It was designed to be tightly integrated with AWS servers and datacenters, and is not sold outside Amazon.

In 2018, AWS released the first version of Graviton suitable for open-source and non-performance-critical scripting workloads as part of its A1 instance family. The second generation, AWS Graviton2, was announced in December 2019 as the first of its sixth generation instances, with AWS promising 40% improved price/performance over fifth generation Intel and AMD instances and an average of 72% reduction in power consumption.

In May 2022, AWS made available Graviton3 processors as part of its seventh generation EC2 instances, offering a further 25% better compute performance over Graviton2.

Annapurna Labs is an Israeli microelectronics company. Since January 2015 it has been a wholly-owned subsidiary of Amazon.com. 

Amazon reportedly acquired the company for its Amazon Web Services division for US$350–370M.

History Annapurna Labs, named after the Annapurna Massif in the Himalayas, was co-founded in 2011 by Bilic "Billy" Hrvoje, a Bosnian Jewish refugee, Nafea Bshara, an Arab Israeli citizen, and Ronen Boneh with investments from the independent investors Avigdor Willenz, Manuel Alba, Andy Bechtolsheim, the venture capital firm Walden International, Arm Holdings, and TSMC. 

**********************************
Disclaimer
Brief 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. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.

Tech Update -- Tuesday -- October 8, 2024

Locator: 48530TECH.

NVDA: holy mackerel! Say what?

Chart of the day: link here:

Story of the week, link here:

Lucid, link here:

Rivian, link here:

**********************************
Disclaimer
Brief 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. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.

Taco Tuesday -- US Natural Gas Consumption Soars -- October 8, 2024

Locator: 48529B.

Nobel laureates, physics: machine language learning -- John Hopfield and Geoffrey Hinton fo rwork on machine learning with artificial neural networks. 

Markets: pre-market, all major US market green. Whoo-hoo!

NVDA: gained 2.2% yesterday; premarket, up another 2% today.

US natural gas soars: link here.

***************************
Back to the Bakken

WTI: $75.69.

Wednesday, October 9, 2024: 21 for the month; 21 for the quarter, 535 for the year
None.

Tuesday, October 8, 2024: 21 for the month; 21 for the quarter, 535 for the year
None.

RBN Energy: are Gulf Coast storage rates high enough to support greenfield projects?

Many of the natural gas storage projects under development along the Gulf Coast involve the expansion of existing salt-cavern complexes and, with that, the sharing of at least some already-built infrastructure. That typically saves money, and the lower capital costs can help make a project a “go.” But at least a few well-sited projects competing for commitments are greenfield in nature and require not just the buildout of storage capacity itself but also the development of compression, freshwater wells, saltwater disposal wells, electricity supply, header pipelines and pipeline interconnections. In today’s RBN blog, we discuss two of the largest greenfield projects in the works: the Black Bayou Energy Hub in southwestern Louisiana and the Freeport Energy Storage Hub (FRESH).