I am
inappropriately exuberant about the Bakken and I am often well out front
of my headlights. I am often appropriately accused of hyperbole when it
comes to the Bakken.
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 Bakken, 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. Nvidia is a metonym for AI and/or the sixth industrial
revolution.
I am also inappropriately exuberant about all things Broadcom.
$10 billion or criminal investigation. Time for Harvard to get serious. Harvard will try to run out the clock. Trump has three more years as president.
************************ Twenty-One Republicans Voted Against Trump, Voted With Schumer
Reps.
Andy Biggs, R-AZ, LaurenBoebert, R-CO, Josh Brecheen, R-OK, Tim Burchett, R-TN, Eric Burlison, R-MO, Kat Cammack, R-FL., Eli
Crane, R-AZ, Byron Donalds, R-FL, Randy Fine, R-FL, Brandon Gill,
R-TX, Anna Paulina Luna, R-FL, Thomas Massie, R-KY, Cory Mills,
R-FL, Andy Ogles, R-TN, Scott Perry, R-PA, Chip Roy, R-TX,
David Schweikert, R-AZ, Keith Self, R-TX, Victoria Spartz, R-IN,
Greg Steube, R-FL, and William Timmons, R-SC.
Republicans not supporting Trump -- it gets tedious.
**************************** Southern California Vacation For Family Of Four Two Adults; Two Children Under Age Of 12
$7,200. And worth every penny.
$300 x 24 months = $7,200.
$600 x 12 months = $7,200.
Air transportation, return.
Car rental.
Seaside accommodations, five days, five nights.
Two days at Legoland.
One day at San Diego Zoo.
Two days at the beach.
****************************** The Book Page
The News: A User's Manual, Alain de Botton, c. 2014.
Mark Kelly (D-Ariz): to US Navy seamen -- consult your lawyer -- is an illegal order forthcoming?
Hegspeth: shoot it down.
**************************** Fail
Later, Iranian gunboats failed to board US-flagged oil tanker after US Navy intervenes.
Again:
Obama: would have let it go; given a speech.
Biden: we have oil tankers in the Gulf?
Trump: this is really not a good thing. FAFO.
Mark Kelly (D-Ariz): to US Navy seamen -- consult your lawyer -- is it legal for the US Navy to intervene? For all we know the Iranians were simply bringing chaye.
SCCO: seriously, truthfully, crossing my heart and hope to die, this was the first ticker I checked this morning -- I thought it was all about fiber now -- at least that's what Cramer said.
Dow: all-time high. Who wudda thought?
Trump closer to deal with Iran?
the India tariff news?
earnings?
WOW! This has been a theme on the blog for the past few weeks. Now, this, top story on CNBC online this morning (other then the Disney story). I guess that cash hoard that Apple has is pretty nice. Wow, in a post some weeks ago I addressed this directly.
Gaza: opening the border crossing between Gaza and Egypt was a requirement of President Trump's peace plan for "the territory." Today it's being announced that after two years, the Rafah border crossing is now open. Link here. It's such a big story that even The New York Times was forced to begrudgingly cover it. Rest of liberal media: crickets, but if mentioned, doesn't give any credit to Trump. It get tedious.
Disney: new CEO. CNBC's coverage is excessive.
Palantir: an "n" of one. Greatest quote ever. Link here.
PayPal: an incredible debacle. Link here. For as long as I can remember CNBC beat the drums for this one; now? Crickets. Not mentioned once this week by Cramer, et al.
Melania: driving the Hollywood elite nuts. Link here. Hollywood Reporter, link here. Also not mentioned on CNBC. From the Hollywood Reporter:
GOOG: a decade ago, Google wrote a $900 million check for a 7.5% stake in SpaceX. Today, the SpaceX merger with xAI = a $1.25 trillion market valuation. Absolutely insane.
Trump's tariffs: for as long as I can remember CNBC couldn't say enough bad things about Trump's tariffs; now? Crickets. Not mentioned once this week by Cramer, et al, except in passing.
Pelosi: remember that story about Pelosi selling her Apple stock just before earnings came out? Okay. Some folks follow Pelosi, others follow Trump. It appears Pelosi missed INTC.
Tuesday, February 3, 2026: 6 for the month, 59 for the quarter, 59 for the year,
41959, conf, Petro-Hunt, State 162-100-16B-21-2H,
41352, conf, Hess, GO-Beck Living TR-156-98-2017H-3,
39807, conf, BR, Mazama 1C,
RBN Energy: for Devon and Coterra, a Permian match made in hydrocarbon heaven. Link here. Archived.
The February 2 announcement that Devon Energy and Coterra Energy
have agreed to merge didn’t come as a huge surprise — it had been
rumored for weeks. The two large oil and gas producers have highly
complementary assets in two major basins (the Permian’s Delaware and the
Anadarko) and, as they see it, their combination will likely provide $1
billion in synergy-related savings by the end of next year. Finally —
and this is important — a Devon/Coterra combination had been urged on by
activist investor Kimmeridge Energy Management, with Coterra in
particular, for falling short of its potential. In today’s RBN blog,
we’ll discuss the deal and its implications.
Devon Energy and Coterra Energy’s Acreage in the Delaware Basin
Figure 1. Devon Energy and Coterra Energy’s Acreage in the Delaware Basin. Source: Devon
For
Devon and Coterra (like ConocoPhillips/Marathon), the Permian — or,
more specifically, the Delaware Basin in West Texas and southeastern New
Mexico — is key. As shown in Figure 1 above, Devon has about 400,000
net acres (orange-shaded areas) and 496 Mboe/d of production in the play
(as of Q3 2025), 45% of it crude oil, while Coterra has 346,000 net
acres (teal-shaded areas) and 367 Mboe/d of production (44% oil).
Devon
and Coterra are also active in the Anadarko (left-most map in Figure 2
below), where significant portions of their combined 520,000 net acres
in Oklahoma are complementary and their pro forma production is expected
to average 173 Mboe/d.
