The Sixth Industrial Revolution -- The AI Revolution -- Meta Announces A $10-Billion LDC In Louisiana -- It Will Be Meta's Largest Data Center Ever In Louisiana -- December 4, 2024

 Locator: 44492IR.

Tag: Meta NE-ISO ISO-NE Do-Re-Mi

Link here. 

The LDC:

• location: near Monroe, LA, in Richland Parish' Holly Ridge (link here) 
• first of its kind for the state (link here)
  
• $10 billion
• 4 million square feet
• to wrap your head around that, 4 million square feet is 40 times -- repeat, 40 times -- the Walmart "store" in your neighborhood (or your town)
• will be powered by three new natural gas plants with 2.2 gigawatts of combined capacity
• Meta to partner with Entergy to provide this power
• the entire ISO-NE has a combined capacity of 35 GW
• enough energy to power one million homes
• will also provide power to the surrounding community
  

Now for the hyperbole:

• “Entergy raised its earnings growth outlook substantially (solely because of this 1 new customer) and the stock rose 15% on that day,” wrote Rodney Rebello, an analyst covering power stocks at Reaves Asset Management, in an email to Barron’s. “It’s a monumental deal for the sector.”
• Meta says the Louisiana data center will be significantly larger than Meta's other data center campuses.

Size of data centers:

ISO-NE:

Dow Hits 45,000 For First Time Ever -- December 4, 2024

 Locator: 44491B.

DOW 45000

Link here.

Simply insane, at the close:

LNG: google "sre total return last five years" vs "lng total return last five year." Answer: 68%; 270%.

• overview, basics;
• SRE, the next big investmentment?
• SRE vs LNG;
• the three to watch.

Car sales, link here.

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Back to the Bakken

WTI: $68.68. Significant decline from the morning's opening. Possibly related to headline that Trump's policies will drop WTI to well below $60. One wonders what that would do to the price of LNG / natural gas.

Active rigs: 35.

Four new permits, #41392 - #41395, inclusive:

• Operator: Grayson Mill (3); CLR
• Fields: Cow Creek (Williams); Alkali Creek (Mountrail)
• Comments:
• CLR has a permit for a Vachal FIU well, NENE 27-154-94, 
• to be sited 215 FNL and 494 FEL;
• Grayson Mill (Devon) has permits for three Tufto wells, NENW 18-155-100, 
• to be sited 386 FNL and at the following distances FWL: 1901, 1931, and 1991.

One permit canceled:

• 41273, Slawson, Atlas 3-21-16H, McKenzie County.

France In Chaos -- Economic Debacle -- Wednesday, December 4, 2024

Locator: 44490FRANCE.

Link here to The Telegraph. 

Lots Of Drilling Activity In The Arnegard Area -- Lots Of Work Left To Be Done In The Bakken December 4, 2024

Locator: 44489B.

The map:

Midday -- Wednesday, December 4, 2024

Locator: 44488CCS.

New SEC chairman: Paul Atkins, announced today by President-elect Trump. Crypto advocate. 

ISO-NE: midday, electricity running $180. Link here.

****************************
CCS

From oilprice today:

Saudi state oil giant Aramco is teaming up with the world’s largest oilfield services provider, SLB, and the world’s largest industrial gases company, Linde, to build a carbon capture and storage (CCS) hub in Saudi Arabia, which will be one of the largest such sites in the world.

************************
Apple

Synching passwords: link here.

From the linked article:

If you keep your passwords stored on Apple’s iCloud, you can access those passwords on Firefox through an official iCloud Passwords extension, as spotted by MacRumors.

However, the extension only supports macOS Sonoma or later, so you won’t be able to use it with Windows.

If you do need to access your iCloud passwords on Windows, you can access them by downloading iCloud for Windows and the iCloud Passwords extension for Chrome or Edge instead.

We’ve asked Apple if it plans to add support for Windows to its Firefox extension.

Another developer originally made the Firefox extension, but Apple has taken it over, according to a notice on the extension’s GitHub page.

Apple is “now the sole owners in charge of maintaining their own official iCloud Passwords extension,” the developer says. The extension’s repository and source code aren’t linked to it anymore except for “historical reasons.”

Meanwhile:

BRK, link here. IBD says BRK is doing great. For the last couple of days:

Cyber Monday -- Shattered Sales Records -- Expectations Exceeded -- December 4, 2024

Locator: 44487RETAIL.

 
Expectations exceeded:

AAPL, BRK-B -- December 4, 2024

Locator: 44486INV.

Apple's (AAPL's) Eleven:

BRK-B: in free fall. Do the movers and makers know something that is not being reported? Biggest drag on my portfolio -- except perhaps energy, right now. But energy I understand; no news being reported regard the significant fall in BRK-B when the market in general is surging.

**********************************
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.

Cramer's First Hour, Part 1 -- December 4, 2024

Locator: 44485CRAMER. 

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.  

Breaking: CEO, UnitedHealthCare, a division of UNH, assassinated in NYC just ahead of the UNH's investor day. Breaking. No official statement yet. Assassin fled on foot. NYC. Source. Everything needs to be fact-checked. Later, from NYTimes:

Apple's (AAPL's) Eleven:

Microsoft, link here:

S&P 500, NASDAQ hit record highs at the open.

Broadcom (AVGO): up $5.35 / up over 3% in pre-market trading. Whoo-hoo!

Personal investing: Sophia has her picks for the day. She says she is way too overweighted in tech and her individual favorites are too expensive. So, she says she is going to get more conservative today. Not sure if it's the right course. Will add to positions in some of the following: UNP, WMT, SCHB, SCHD, SCHG. So, we'll see.

**********************************
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 -- December 4, 2024

Locator: 44497B.

Breaking: CEO, UnitedHealthCare, a division of UNH, assassinated in NYC just ahead of the UNH's investor day. Breaking. No official statement yet. Assassin fled on foot. NYC. Source. Everything needs to be fact-checked. Later, from NYTimes:

GDP Now, link here:

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

WTI: $70.29.

Thursday, December 5, 2024: 9 for the month; 113 for the quarter, 644 for the year

• None.

Wednesday, December 4, 2024: 9 for the month; 113 for the quarter, 644 for the year

• 40759, conf, Slawson Exploration, Fish Finder 5-21-9H,
• 39747, conf, Hess, RS-F Nelson-156-92-2413H-2
• 39590, conf, Grayson Mill, Niles 19-22F 4H,
• 39589, conf, Grayson Mill, Niles 19-22F 3H,
• 39588, conf, Grayson Mill, Niles 19-22F 2H,
• 33973, conf, Enerplus, Titanium 147-93-16A-21H,

RBN Energy: falling oil prices erode E&P profits, dampen outlook for production boost.

Boosting America’s hydrocarbon output was a major plank in the 2024 Republican platform, and Donald Trump’s recent victory has stimulated a lot of optimism about the U.S. upstream sector. The nomination of Liberty Energy CEO Chris Wright as Energy Secretary confirmed that “drill, baby, drill” will be a mantra in the new administration. However, over the past few years, U.S. producers have dramatically shifted their focus from growth at any cost to strict financial discipline focused on maximizing free cash flows and shareholder returns. In today’s RBN blog, we analyze the Q3 2024 results of the major U.S. E&Ps we follow and look for early clues about how their senior executives might react to the renewed federal enthusiasm to rapidly accelerate drilling.