Williston Made The CNBC List -- March 10, 2017

Dickinson made the list, too.

Watford City, ND, did not make the list but I don't know if there was a population minimum (I could not find the answer  in the full report, but the smallest cities, it appeared, had populations of at least 9,000. Watford City, using the 2010 census, would not have met that threshold). 

The list: the fifteen wealthiest US cities.  

Link here.

Of the top 15 US cities, Williston, ND (Boomtown, USA) comes in #4.

Dickinson, ND, barely broke into the top 15, but beat out New York City.

Cities not on the list: Dallas or Houston; Odessa; Seattle; Chicago; Los Angeles; San Diego; Omaha; Williamsburg.

States not on the list: Washington State; Maryland; DC; Virginia; Nebraska; New Mexico; Middleburg (VA); Ohio; Illinois; Pennsylvania; New Jersey; North Carolia. Except for New York City, no city in New York state made it.

No city in southern California made the list.

Only one city in Texas made the list, falling short of two cities in North Dakota.

Four states had two cities on the list: North Dakota, Colorado, California, Florida.

Only four cities broke the $1 million mark.

Had they only listed the top 10, Williston would have made it.

Had they only listed the top 5, Williston would have made it.

This is not total wealth, this is annual income. 

How much you have to earn to be in the top 1% in the wealthiest US cities:

#1	Jackson	Wyoming	$1,650,902
#2	Bridgeport	Connecticut	$1,390,965
#3	Summit Park	Utah	$1,206,863
#4	Williston	North Dakota	$1,066,541
#5	San Jose	California	$964,238
#6	Naples	Florida	$959,229
#7	Midland	Texas	$885,806
#8	San Francisco	California	$785,946
#9	Key West	Florida	$773,711
#10	Boston	Massachusetts	$701,776
#11	Hailey	Idaho	$690,535
#12	Boulder	Colorado	$683,648
#13	Edwards	Colorado	$680,688
#14	Dickinson	North Dakota	$674,032
#15	New York City	New York	$672,795

For Investors Only -- June 9, 2014

WTI oil: $104/bbl. For a bit of background, see yesterday's post.

Trading at new highs: AAPL, BHI, CAT, CLR, EOG, HAL, HES, HK, JOY, NFX, NOV, SLB, SRE, UNP, WIN, WMB.

Earnings after market close: TPLM. I can't remember if I linked this Zack's article on TPLM. Zack's is bullish on TPLM. [Update, 4:15 p.m. central time: I don't see the earnings report/press release yet, but it must be a good report, or investors think it will be a good report. At 4:01 EDT, shares were up almost 1%, and then at 5:06 EDT, up almost another 2%. So, we'll see. Later: results here. At 6:03 EDT, up almost 2.5%.]

Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read here or anything you think you may have read here. 

Income inequality: I mentioned this the other day. It could be my imagination but it appears there are an increasing number of articles and/or books on "income inequality." It would be expected that this topic would be an important topic for President Obama, but ironically, it should have been an important topic when he was first running for president, not in the six year of his two-term presidency. I assume this was an issue under other administrations but I do not recall this much attention. When one reads the net worth of Joe Biden, Henry Reid, and Nancy Pelosi and chart out their net worth over the last 10 years it is a very interesting picture, especially when considering the source of their new-found wealth. Regardless, whatever, here's yet another story on income inequality being reported by Yahoo!Finance.

Barron's: EOG

• EOG Resources' crude oil production surged 42% in Q1, and if business stays on course, as expected, the E&P company could enjoy a 32% jump in earnings this year, according to a weekend profile in Barron's.
• EOG's enterprise value is 6.9x this year's estimated EBITDA, roughly in line with the EV/EBITDA multiples accorded competitors Chesapeake Energy and Devon Energy, but the story says it deserves a loftier multiple than the group, given its significant drilling inventory, superior production growth, lower debt ratio, and 15.6% return on equity vs. an average of 9.5% among peers.
• EOG raised its 2014 goal for growth in crude oil production to 29% from a prior 27%, and for total energy production to 12% from an earlier 11.5%, but its estimates often prove conservative, sparking expectations for more upward revisions as the year unfolds.