Locator: 44362TRUMP.
Trump 2.0 is tracked here.
Tuesday, November 19, 2024
Comcast Announces Spinoff Of Cable Networks -- Everything Everywhere Happening All At Once -- November 19, 2024
Locator: 44361ARCHIVES.
Good riddance, Joe and Mika and Joy. Will they pivot to a podcast to try to make it work? LOL.
Love and hate, a good tradition, link here.
Washington Post: burning it down. And, of course, life during wartime:
Walmart Rips! Director's Cut -- Hess With Four New Permits -- Back Up To 40 Active Rigs -- November 19, 2024
Locator: 44358B.
Wow: Trump taps Dr Mehmet Oz to oversee Medicare and Medicaid. Trump 2.0 is tracked here. Wow, what a trifecta for pseudo-science: Trump, RFK, Jr., and now Dr Oz.
- most recently, in Pennsylvania, Oz lost the US Senate race to someone who is looking more and more mainstream (LOL) everyday, Pennsylvania's former Lt Gov (D) John Fetterman.
- along with DOGE and RFK, JR, Oz could make some huge changes in the Medicare and Medicaid programs.
- quick! Name the current administrator, Medicare and Medicaid.
Walmart (WMT): Walmart beats, rips to a record high. Whoo-hoo! The consumer is still doing well and this retailer, at least, is executing!
- forward P/E
- Walmart: 34
- Target: 16
- Apple (AAPL), current: 38
- market cap
- Walmart: $700 billion
- Target: $70
- well, that's an easy ration to remember!
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Director's Cut
September, 2024, data posted November 19, 2024:
- oil:
- September, 2024: 1,199,764 bopd
- August, 2024: 1,179,728 bopd
- natural gas:
- September, 2024: total, 3,567,827 MCF/day; 95% capture
- August, 2024: total, 3,526,788, MCF/day; 95% capture
- in general:
- wells permitted / month: 100
- rig count: 38
- DUCs: 375
- inactive: 1,800
- completed / month: 95, but can be much lower (58 last month, September, 2024)
- producing: actual, September, 2024, new all-time. high: 19,200
************************************
Daily Activity Report
WTI: $69.39.
Active rigs: 40.
Seven new permits, #41349 - #41355, inclusive.
- Operators: Hess (4), Iron Oil Operating 2), Five States Operating Company
- Fields: Wheelock (Williams); Parshall (Mountrail); Bull Creek (Stark)
- Comments:
- Five States has a permit for a Bull Creek oil well, BC 2-21H, SESW 16-138-99,
- to be sited 250 FSL and 1320 FWL.
- Iron Oil has permits for two Patten wells, NWNW 34-153-89,
- both to be sited 292 FNL with one 1247 FWL and the second, 1297 FWL;
- Hess has permits for two GO-Dustin Brose wells and two GO-Beck wells, NWNW 29-156-98,
- to be sited 465 NFL and between 1200 FWL and 1299 FWL.
One permit renewed:
- 36870, BR, Omlid 4-7MBH,Elidah oil field, McKenzie County;
One permit canceled:
- 35362, Iron Oil Operating, Bear Butte 2-11-2H, McKenzie County
Four producing wells (DUCs) reported as completed:
- 39386, 570, BR, Watchman Peak 3-8-11MBH, McKenzie County;
- 39523, 470, Kraken, Blue 2-35-26 2H, Williams County;
- 39524, 323, Kraken, Alamo 3-34-27 5H, Williams County;
- 39252, 383, Kraken, Alamo 3-34-27 4H, Williams County;
Midday -- November 19, 2024
Locator: 44357LEGO.
Director's Cut to be released at 3:00 p.m. today. Start here at this link.
Weather: incredibly beautiful weather here in north Texas. A high of 72°F forecast; currently (1:17 p.m. CST), 70°.
Lego: "Late Holiday, 2024 Catalog" arrived today. Wow. A dozen "nice-to-have," another dozen "really, really nice-to-have" models. But only one "must-have" model: set number 76328. Batman™: The Classic TV Series Batmobile.
I absolutely don't have any more room or any more need for another Lego model, but this is an exception -- I'll make room. 19" long. $149.99.1,822 pieces = $182.20.
Hyperbole: from the current issue of The Atlantic --
Early in the article:
Wow, "every president between 1901 and 1921." All four of them --
- Theodore Roosevelt: a great president; hardly supports the writer's thesis;
- William H Taft: as good as any president; better than most?
- Woodrow Wilson: the only Dem in this group --
During his first year as president, Wilson authorized the widespread imposition of segregation inside the federal bureaucracy and his opposition to women's suffrage drew protests.
His first major priority was the Revenue Act of 1913, which began the modern income tax, and the Federal Reserve Act, which created the Federal Reserve System.
At the outbreak of World War I in 1914, the U.S. declared neutrality as Wilson tried to negotiate a peace between the Allied and Central Powers. He narrowly won re-election in 1916 against Charles Evans Hughes. In April 1917, Wilson asked Congress for a declaration of war against Germany in response to its policy of unrestricted submarine warfare that sank American merchant ships. Wilson concentrated on diplomacy, issuing the Fourteen Points that the Allies and Germany accepted as a basis for post-war peace. He wanted the off-year elections of 1918 to be a referendum endorsing his policies, but instead, the Republicans took control of Congress.
After the Allied victory in November 1918, Wilson attended the Paris Peace Conference. Wilson successfully advocated for the establishment of a multinational organization, the League of Nations, which was incorporated into the Treaty of Versailles that he signed, but back home he rejected a Republican compromise that would have allowed the Senate to ratify the Versailles Treaty and join the League.
- Warren Harding: died as one of the most popular presidents in history. Ohio Central College.
David Brooks: trying to re-write history?
As mentioned earlier, I won't be renewing my subscription.
Sanctuary City, Los Angeles: city council "poised" to pass a "sanctuary city" ordinance to bar using local resources to help federal immigration authorities. Wow.
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More
Headlines over at twitter so far today:
- Netflix: from The Verge -- Netflix says the Jake Paul vs Mike Tyson fight was "the most-streamed sporting event ever."
- DOGE looking at a more efficient IRS: filing taxes directly. Has been talked about for along time; US Congress always finds way to stop it. Hopefully, taxpayers will be able to tap into their IRS accounts.
- for investors: which trillion-dollar-tech company (or companies) will benefit?
- New York congestion pricing hits a snag.
US field production of crude oil (link here):
Howard Lutnick
Locator: 44356TRUMP.
Trump 2.0 is tracked here.
Secretary Commerce. Had been one of two left standing for Treasury.
From wiki:
Cramer's First Hour, Part 1 -- November 19, 2024
Locator: 44355CRAMER.
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.
DJIA: plummets. Down 500 points pre-market. Biden escalates. Ukraine fires first ATACMS into Russia. Trump likely to say "enough is enough." But that's still two months out. Putin issues new nuclear doctrine.
Cramer: buying opportunity.
Morning Joe: a visit to Mar-a-Lago. The elites still don't get it.
Shortly after the Mar-a-Lago meeting was publicized, lawyer and MSNBC host Katie Phang posted on social media, “Normalizing Trump is a bad idea. Period.” The post was widely perceived to be a response to Scarborough and Brzezinski.
Colombia:
Da Vinci: Ken Burns' two-episode PBR special. Not impressed. Sorry, not sorry. The special moves way too slowly. too much Italian, requiring subtitles. Nothing grabbed my eyes in the first fifteen minutes; made it difficult to continue.
**********************************
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.
Taco Tuesday -- November 19, 2024
Locator: 44354B.
WTI: $69.12.
Wednesday, November 20, 2024: 27 for the month; 87 for the quarter, 602 for the year
- 40664, conf, CLR, Sandhill 6-24H,
- 40195, conf, Hess, EN-Cvancara A-LN-155-93-3231H-1,
- 40674, conf, CLR, Carpenter 6-13H,
- 40103, conf, Enerplus, Devils Canyon 147-97-17-20-4H,
RBN Energy: how the forward cruve influences storage volumes at the critical Cushing oil hub.
The small town of Cushing, OK, occupies a central place in the U.S. crude oil market thanks to its hundreds of storage tanks and numerous pipeline connections. And while it might seem far removed from the factors that influence the global crude market, what happens elsewhere directly impacts the storage volumes at Cushing. In today’s RBN blog, we review the critical role that Cushing plays in crude oil storage, show how the forward curve can influence inventories, and look at what might be behind the recent uptick in storage levels, which followed a four-month slide.
The well of interest:
- 40103, conf, Enerplus, Devils Canyon 147-97-17-20-4H, Lone Butte, t5/24/ cum
| Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
|---|---|---|---|---|---|---|---|---|
| BAKKEN | 9-2024 | 30 | 19242 | 19345 | 20599 | 36515 | 36209 | 306 |
| BAKKEN | 8-2024 | 30 | 27093 | 27033 | 26684 | 45789 | 44976 | 813 |
| BAKKEN | 7-2024 | 25 | 13794 | 13800 | 14964 | 35894 | 34971 | 923 |
| BAKKEN | 6-2024 | 26 | 30690 | 30752 | 36896 | 53461 | 53361 | 100 |
| BAKKEN | 5-2024 | 14 | 24058 | 23732 | 34150 | 39818 | 38335 | 1483 |
| BAKKEN | 4-2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
This older well is off line while the newer Devils Canyon wells are completed:
- 19056, 825, Enerplus, Devils Canyon 17-1H, Lone Butte, t8/11; cum 348K 12/23; off line;