Maybe This Is Important -- February 26, 2026

Locator: 50065NUCLEAR.  
Locator: 50065LDCS.  

For the archives. This is for my extended family members interested in investing. It is the fastest way I can get information out to my extended family members.  It is not meant for the general audience. This is not an investment site. Do not make any investment decisions based on what you read here or think you may have read here. See the blog's disclaimer.   

**************************************
BWXT

McDermott International (2010) --> Babcock and Wilcox (2015) --> BWXT.

 Ticker: has doubled over the past year.

 

Insanity = Opportunity -- NVDA Today -- February 26, 2026

Locator: 50064NVDA.  

Current Trends And A New Wrinkle -- February 26, 2026

Locator: 50063TSP. 

"Peanut Butter raises." 

Quick! Name the biggest "entity" that has used the "peanut butter raises" concept for decades? US Department of War aka Department of Defense.

TSP: Thrift Savings Program. This may have been the biggest "thing" (financially) that ever happened to me when DOD began to offer TSP to all members, and at the same time, grandfathering in current active duty members with the existing pension, back on October 1, 2001.  Now, President Trump is thinking of offering this program to any American earning a W-2 form who works for a company that does not offer a pension. My hunch: if this happens, it will eventually be extended to a much larger group. It's George Bush's vision to provide an alternative to social security. Does this president ever sleep?
 

**************************************
BWXT

McDermott International (2010) --> Babcock and Wilcox (2015) --> BWXT.

 Ticker: has doubled over the past year.

Foreign Exchange Reserves -- Russia, Saudi Arabia, China -- Posted February 26, 2026

Locator: 50062SAUDI. 

Locator: 50062RUSSIA.

Locator: 50062CHINA.

Foreign exchange reserves: Russia, Saudi Arabia, China.

Russia, link here: posted February 26, 2026: 

Saudi, link here: posted February 26, 2026:

China, link here, posted February 26, 2026: 

SRE -- February 26, 2026

Locator: 50061SRE.

From CNBC, link here:

Raised dividend: $0.6575.

Disclaimer: this was reported only a few minutes ago and some data may be subject to change. In a long note like this, there will be content and typographical errors. 

How important is AI / chatbot? Quick: does anyone produce better information more quickly than chatbots? Even x doesn't do this well. 

SRE earnings. Reported this past hour, 7:00 a.m. CT.

Maybe I "spoke" too fast. Was annual revenue y/y reported above? If so, I missed it. Apparently SRE missed revenue estimate by a huge amount. Link here.

Sempra Energy reported fourth quarter EPS of $1.28, $0.05 better than the analyst estimate of $1.23. Revenue for the quarter came in at $3.75B versus the consensus estimate of $4.25B. Ouch. Blame it on:

• California regulators; and, 
• warm winter weather in Texas.

Comments:

• Quarterly results were lifted by strong performance at Sempra Texas, whose utility Oncor continued to expand its electrical grid to meet rising power demand from industrial customers and data centers. Reuters. 

• Earnings at its Sempra Texas utilities segment rose 48.9% to $201 million in the reported quarter. 

Impact of Texas LDCs going forward?

Thursday -- February 26, 2026

Locator: 50060B.

SRE: stellar. Beats on bottom line; misses on top line. Raises dividend.

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

WTI: $64/12/

New wells reporting:

• Saturday, February 28, 2026: 72 for the month, 125 for the quarter, 125 for the year,
• 41933, conf, Phoenix Operating, Willer 28-33-6H-LL, 
• 41932, conf, Phoenix Operating, Willer 28-33 5H, 
• 41930, conf, Phoenix Operating, Willer 28-33 4H, 
• 41847, conf, BR, Rolla 6F, 
• 41785, conf, Enerplus, MHA Heeler 4994 12-23 3BU, 
• 41784, conf, Enerplus, MHA Mastiff 4994 12-23 2BU, 
• 41783, conf, Enerplus, MHA Collie 4994 12-23 1BU, 
• 41621, conf, BR, Sivertson 6C, 
• 41581, conf, XTO, HBU Marmon Federal 24X-13B, 
• 41580, conf, XTO, HBU Marmon Federal 24X-13F, 
• 41579, conf, XTO, HBU Marmon 24X-13C, 
• 41578, conf, XTO, HBU Marmon 24X-13H,
• 41577, conf, XTO, HBU Marmon 24X-13D, 
• 41372, conf, Hess, EN-Hanson A-LW-155-94-0618H-1, 
• 41369, conf, Hess, EN-Hanson A-155-94-0607H-6,
• Friday, February 27, 2026: 57 for the month, 110 for the quarter, 110 for the year,
• None.
• Thursday, February 26, 2026: 57 for the month, 110 for the quarter, 110 for the year, 
• None.

RBN Energy: why accounting methods matter. Link here.  

As E&Ps release a flood of year-end results, investors, analysts and industry observers scrutinize annual reports to compare the performance of upstream oil and gas companies. Yet, despite operating in the same shale basins, drilling similar wells and facing the same commodity price environment, some producers report markedly different financial results that are often not driven by geology, operational execution or management strategy. Instead, they stem from accounting methodology, specifically from whether a company uses the Full Cost (FC) or Successful Efforts (SE) method to account for its oil and gas properties. In today’s RBN blog, we explain why this seemingly mundane topic really matters.

Reading about accounting methods may not seem super exciting, but it’s not that much different than filing taxes. Every spring, millions of us sit down with our W-2s and yet two households earning almost identical money can report far different taxable income because of accounting rules — exactly what happens with upstream oil and gas companies, too. These rules are essential to understanding how oil and gas producers are doing financially and otherwise.