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Netflix: just went over $1,000. Share price.
Right now, electricity, NY-ISO, ISO-NE:
Netflix: in premarket trading uip almost 15%; up $127 / share after jumping $12 yesterday
P&G: surprising earnings beat estimates as shoppers buy more household staples. Yup. Consumers still doing well.
Tickers of interest: yesterday (yesterday, pre-market) --
- Netflix: up $11.58 (1.35%; 14.64%
- NVDA: up $$4.62 (3.26%, 2.27%)
- ORCL: up $11.54 (7.17%, 8.73%)
- PG: up 59 cents (0.37%; 2.9%)
- RIVN: down 92 cents (down 0.92%; down 0.3%)
- SRE: $1.33 (up 1.56%; --)
- OKE: up 89 cents (up 0.82%, --)
- ENB: up 80 cents (up 1.8%, unchanged)
- EPD: up 52 cents (up 1.55%, --)
- and finally, BRK-B: up 62 cents (0.13%; 0.09%)
Again, read disclaimer. I often make a lot of typographical and content errors. I correct them when I find them. Posted "on the fly." This is not an investment site. Don't make any financial or life decisions on anything you read or think you may have read on this blog or any other blogs in the "MillionDollarWay" stable.
Disclaimer: more than ever it's important to re-read the disclaimer, especially the part about content and typographical errors.
Trump 2.0 -- day 2:
- it gets more interesting each day
- federal agencies given hours to shut down DEI operations;
- need to report back in less than 24 hours any reason for delays;
- DEI staffers on paid administrative leave; will give them time to work on their resumes
- directors given marching orders about "being clever"
- FBI: it appears a huge win-win for Trump on FBI's next director
- US Coast Guard got the memo after director fired for failure to perform
- cutters already moving to defend southern coasts
DOD: my hunch -- having those "come to Jesus" meetings in preparation for briefing Trump over the weekend.
Tariffs: on track for February 1, 2025, for Mexico, Canada
- China? May not be as bad as feared
Immigration: interestingly quiet yesterday
- following based on televised interviews
- ironically, illegals in sanctuary city at greater risk
- Tom Homan had planned for targeted deportations; initially going after only known, violent criminals
- in sanctuary cities, he's not given that information so Feds need to perform sweeps and a lot of non-violent, illegal immigrants who would not have otherwise been picked up will be caught
- large camps remain in Texas; it will be interesting to see how quickly these camps start to shrink
- immigration-processing centers have apparently quit taking appointments
- again, read the blog's disclaimer
- the word will go out
Electricity: right now --
- ERCOT: $25 / MWh
- north Texas: will get to 50°F this afternoon; Arctic blast moving on through
- forecast: more than enough electricity to meet needs
- local and regional power outages due to storm along the coast, but not due to ERCOT
- for me, confusing relationship between CNP and ERCOT with regard to Houston); machts nichts
- NY-ISO: trending toward $500, but has since dropped back to $300 / MWh
- ISO-NE: trending toward $300; mix:
- low on natural gas (despite sitting next to world's greatest accessible source (no pipelines)
- oil at top of resource mix, beating out natural gas (yesterday); today, natural gas back on top -- perhaps that's why cost has gone up overnight); oil still 25% of mix; natural gas, 38% of mix; wind? 1.1%
- maxing out coal: again, despite sitting next to world's greatest accessible source of natural gas
- LNG tankers take sharp right turn to Europe; avoiding US
- Portugal switches from Russian NG to US NG -- reported this morning
MSFT:
- no longer exclusive provider for ARM
Energy:
- oil: all of a sudden folks are looking at heavy vs light oil a bit more closely
- Argentina: books biggest energy trade surplus in 18 years
- Woodside ditches solar for LNG
- Venture Global cuts IPO range to sell more shares
- Portugal ditches Russian natural gas; turns to US and Nigeria to make up shortfall
*********************************
Back to the Bakken
WTI: $75.93.
New wells:
- Thurssday, January 23, 2025: 38 for the month, 38 for the quarter, 38 for the year,
- None.
- Wednesday, January 22, 2025: 38 for the month, 38 for the quarter, 38 for the year,
- 40200, conf, BR, Nordeng 2A MBH,
- 40116, conf, Silver Hill Energy Operating, LLC, Storsul 158-93-8-5-10MBH,
RBN Energy: how much will Trump's flurry of orders remake US Energy?
U.S. energy policy was at the heart of the 2024 presidential campaign in
more ways than one. Many voters cited economic concerns in their
decision to return President Trump to the White House, with energy costs
top of mind, but U.S. energy policy impacts everything from domestic
manufacturing and decarbonization efforts to resource development and
international trade. In today’s RBN blog, we look at the executive
orders issued by Trump on the first day of his second term and how they
fit into his plan for the U.S. to exert “energy dominance.”
