Wednesday, October 30, 2024
Silver Hill Energy With Three New Permits; Oasis Reports Two Completed DUCs -- October 30, 2024
Locator: 48681B.
WTI: $68.85.
Active rigs: 40.
Three new permits, #41294 - #41296, inclusive:
- Operator: Silver Hill Energy
- Field: White Earth (Mountrail)
- Comments:
- Silver Hill Energy has permits for three wells, NWSW 35-158-94, to be sited:
- Double-R Sarah, 1791 FSL and 502 FWL
- Double-R Paige, 1756 FSL and 502 FWL,
- Double-R Leah, 1721 FSL and 502 FWL,
Three permits renewed:
- MRO (2): Levi USA and Kottke USA, Lost Bridge, Dunn County;
- Slawson, Magnum, Baker, McKenzi
Two producing wells (DUCs) reported as completed:
- 40417, 969, Oasis, Fossum 5301 43-35 3B, Indian Hill, npd,
- 40418, 1,017, Oasis, Fossum 5301 43-35 4B, Indian Hill, npd,
Well of interest:
- 19324, IA/674, Oasis, Fossum 15-35H, Indian Hill, t11/10; cum 233K 1/24;
Cramer's First Hour, Part 2 -- The Sixth Industrial Revolution -- The Nvidia Revolution -- October 30, 2024
Locator: 48679CRAMER.
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.
Another example of the "Nvidia revolution."
Corning and ATT: $1 billion fiber deal ticker --
GLW: up 5% yesterday; one-year: 84%
- aggressive growth plan
- two largest fiber factories in the world are in North Carolina; also lowest cost; and both are owned by Corning; tariffs can only help them; tariffs won't hurt them
- physics: fiber beats satellite
- one single "piece" of paired fiber can match one satellite in terms of transmitted data
Corning fiber competitors:
Ken Fisher: link here. %
Mac Mini: I stopped by the Apple Store in Southlake, TX, on the way home from running errands. It hasn't arrived yet -- the M4 Mac Mini -- but I'm pretty sure I'm going to buy it after the excitement dies down. The Mac Mini was first introduced in 2005; Steve Jobs died in 2011. One wonder what vision Jobs had for the Mac Mini?
From a post just a few days ago:
See wiki, as currently understood and generally accepted:
- first industrial revolution: 1760 - 1840; ended in the middle of the 19th century; inventions; advancements in textiles; age of inventions;
- second industrial revolution: advancements in manufacturing processes; 1870 - 1914 (beginning of WWI); age of mass manufacturing;
- third industrial revolution: beginning in 1947, information age; computer coming out of WWII; Colossus, Bletchley Park;
- fourth industrial revolution: rapid technological advancement beginning in the late 1990s; the Age of Apple (or the personal computer).
Much better:
- first industrial revolution: ended in the middle of the 19th century; age of invention;
- second industrial revolution: 1870 - 1914 (beginning of WWI); age of Henry Ford, mass manufacturing;
- third industrial
revolution: peri-WWI -- the age of conventional manufacturing and
logistics; rise of synthetics and the oil and gas industry; age of Standard Oil (or the age of John D Rockefeller);
- fourth industrial revolution: beginning in 1947, information age; the computer age (or the age of Turing);
- fifth industrial
revolution: rapid technological advancement beginning in the late 1990s
-- maybe it began in 1984 with the (in)famous Apple commercial; age of Apple (or the age of Steve Jobs)
The
question is whether "we" have entered the sixth industrial revolution:
Nvidia blades; LDCs; a return to nuclear energy to meet energy needs of
the information age. If so:
- sixth industrial revolution: artificial intelligence enters its stride; the "Nvidia revolution."
It's hard for me to accept that the need for nuclear energy to meet the needs of LDCs does not signify a new industrial revolution.
Note: "the Nvidia revolution" is a metonym for the artificial intelligence advancements that began in the early 2020s.
For investors: take some time to look at the various stock markets around the world during the earlier industrial revolutions. The best two might be the second industrial revolution, the age of Henry Ford, and the third industrial revolution, the age of John D Rockefeller. One might come up with a lot of ideas.
Watching the World Series suggested an analogy between investing and winning at baseball.
Cramer's First Hour -- October 30, 2024
Locator: 48678ECONOMY.
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.
Super Micro Computer: oh-oh
- Ernst and Young resigns as Super Micro's accounting firm
- shares down 31% at open
- accounting issues
- Cramer thinks it will get worse
Economic numbers released this morning: "we're in a sweet spot."
- GDP, 3Q24, first read: 2.8% vs 3.15 forecast
- PCE price index ex-food, energy: 1.6%
- PCE price index: +1.5%
- core PCE: +2.2%
- blah, blah, blah
- there's people complaining about these numbers, really?
- the Fed's favorite measure of inflation: core PCE which exludes
- the difference between PCE and PCE price index: PCE is a measure of consumer spending, while PCEPI is a method used to measure inflation
- so, the Fed's favorite metric is slightly above 2, at 2.2%; and,
- the measure of inflation is 1.5%. Okay.
From an investor's point of view: time to stay the course; stick to your plan.
Google AI: I'm really pleased with Google search. No one else now comes close.
Apple's M4 and M4 Pro Mac Mini: link here.
- 5 x 5 inches; less than half the size of the previous design
- compared to best-selling PC desktop in that price range, Mac mini is up to 6x faster and one-twentieth the size
- a 10-core CPU, a 10-core GPU,
- but for pro-level, significantly more
- 2x faster than the M1 MacMini
- front and back ports
- for the first time, includes Thunderbolt 5 for faster data transfer speeds
- Thunderbolt: high-speed interface that uses USB-C connectors
- can support multiple protocols; can connect multiple devices, can connect multiple 4K monitors
- for $599:
- 16GB of memory
Lilly: drops 10%, pre-market
- Cramer is livid; says it's a story of miscommunication; CEO didn't handle the conversation, the story well;
- suggests that Lilly didn't trust (demand) numbers; thought they were too much, so:
- under-produced; unable to meet demand and some consumers had to go elsewhere
GOOG: Cramer was absolutely impressed with the numbers
- amount of money they are making is insane; no wonder it has government's attention
- despite its numbers, GOOG had worse (stock)performance of the Mag-7
- CAPEX: $13 billion / quarter and they need to spend more
Reddut: soars to record high.
- RDDT: up 24% in past month
- shares up 30% pre-market
CAT: dragging down the Dow.
**********************************
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 something appears wrong, it probably is. Feel free to fact check everything.
- 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.
- Longer version here.
Wednesday -- Hump Day -- October 30, 2024
Locator: 48677B.
Stories to watch today:
- Eli Lilly
- UBS
- smashes 3Q24 expectations with $1.4 billion in profit
- EPS: 43 cents/share
- revenue of $19.31 billion
- revenue net of interest expense was $12.33 billion topping forecasts
- Volkswagen
- 60% fall in profits; sales in China slump: The Guardian.
- profit falls 42%: CNBC.
- company faces battle in talk of closing three plants in Germany;
- Apple's Mac Mini
- EV air taxis
- as always, the Mag-7
- Ken Fisher and the Mag-7
- Corning and ATT: $1 billion fiber deal
- ticker GLW: up 5% yesterday; one-year: 84%
- aggressive growth plan
- two largest fiber factories in the world are in North Carolina; also lowest cost; and both are owned by Corning; tariffs can only help them; tariffs won't hurt them
- physics: fiber beats satellite
- Corning fiber competitors
- rule of 40
- AppEconomy
- MSFT earnings
- ONEOK
- Ford CEO and his favorite car
- SBUX; HQ in Seattle, the boss lives in San Diego; has ordered his folks to be "in the office" three days a week;
- SNAP: up $10 / share in pre-market trading
- REDDIT soaring in pre-market trading; up over 20%
- PR PA PP
- this week's econ numbers
- GDP with a 3-handle; and some (not all) analysts see growth stronger than the number
- ADP report and wage data
- 10-year Treasury: 4.220%
Jargon:
- superclusters: Medium.
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Back to the Bakken
WTI: $67.81.
Thursday, October 31, 2024: 60 for the month; 60 for the quarter, 574 for the year
- None.
- 40217, conf, Enerplus, Olson 146-97-3-10-7H,
- 40209, conf, Grayson Mill, Hovland 26-35 6H,
One well of interest:
- 40209, conf, Grayson Mill, Hovland 26-35 6H, South Tobacco Garden:
| Date | Oil Runs | MCF Sold |
|---|---|---|
| 8-2024 | 24724 | 41893 |
| 7-2024 | 32984 | 54086 |
| 6-2024 | 15267 | 19398 |
RBN Energy: access to uninterrupted power just one factor in siting data centers.
The prospect of a massive buildout of data centers across the U.S. has utilities preparing for a surge in power demand. And while access to an uninterrupted power supply is a critical factor for companies deciding where to build a data center, it’s not the only variable — power prices and proximity to customers also play a major role. In today’s RBN blog, we’ll look at where data centers are deployed across the U.S., the major factors that determine where a facility gets built, and how the sudden expansion is playing out in the major U.S. technology hubs.
As we wrote in Storm Front, a data center is a facility housing many networked computers that work together to process, store and share data. Most major tech companies — such as Amazon, Google and Meta — rely heavily upon data centers as a central component in delivering online services. Most relevant to our discussion today, data centers are energy-intensive, consuming anywhere from 10 to 50 times the energy per floor space of a typical commercial office building, with electrical demand at larger facilities ranging from 100 to 300 megawatts (MW), or enough to power tens of thousands of homes.