Headlines -- August 2, 2021

No links.

Xilinx: new high (not confirmed).

Nvidia: announces a 4-1 split. 

Poll: defying the odds, President Biden's job approval bounces. (Dead cat bounce?)

Top S&P 500 stocks for August: each has gained in August for the past five years:

• Nvidia
• Synopsys
• Twitter
• Mastercard
• Visa
• Intuit
• Cintas
• Microsoft

Micron: initiates a dividend for the first time; shifts to "opportunistic" share buybacks.

McDonald's: masks mandatory for staff and customers.

Music streaming: best music streaming service for 2021.

• contenders:
• Spotify
• Apple Music
• YouTube Music
• Amazon Music
• Tidal
• Deezer
• Qobuz
• Pandora Premium
• top three:
• best overall: Spotify
• best for iPhone users: Apple Music
• best for audiophiles: Tidal
  

Apple Watch: Shazam.

Air Mail. 

Images From All Over -- The "This Is Not Sturgis" Edition -- August 2, 2021

 

The Gap Is Not Trivial -- August 2, 2021

Do you remember the trope that "daughter wells" in the Bakken are never as good as the "parent well"?

The following graphic is from CLR's August, 2021, presentation (CLR August, 2021, presentation: pdf link here.):

Note the 2021 wells. 

Everyone of those wells is a daughter well. The parent wells, in most cases, were drilled back before 2016.

And, oh, by the way, this is happening across the Bakken, not just in the "sweet spots."

Trivia: it appears that "150 = 150." 

Average cumulative MBoe (150) at 150 days. It's almost linear until 250 (either the x axis or the y axis) at which time the slope tends to decrease ever so slightly. But it looks like one can anticipate 300K boe in the first year.

At the wellhead:

• 300K bbls x $25/bbl = $7.5 million.

Folks who have followed the Bakken for a long time, know the significance of that "$7.5 million" figure.

Notes From All Over -- The Louisiana Edition -- August 2, 2021

Dividend announcements:

• FANG: raises dividend to 45 cents.
• CMCSA: unchanged. 
• Baker Hughes: unchanged.
• CLR: increases dividend from 11 cents to 15 cents.
• Norfolk Southern: increases dividend to $1.09.
• Suncor: unchanged.
  

Two CLR wells with huge jumps in production:

• #21083;
• #21086.

CLR August, 2021, presentation: pdf link here.

• most interesting slide? Number 8 of 24.

NKLA:

• NKLA produced zero vehicles and sold nothing during the quarter. What exactly are they “reporting” tomorrow?

Covid-19:

• Baton Rouge, LA: largest hospital in the city is at capacity; no more beds left.
• see for yourself;
  
• at some point everyone will test positive for Covid-19, one variant or another
• public policy: vaccines don't matter; it's all about the masks.
• vaccinated, not vaccinated: everyone's gotta wear "the mask"

The Numbers Don't Add Up -- August 2, 2021

For all those folks who tell me that charging EVs overnight will not put any stress on the grid. 

From social media:

California has asked folks to stop charging their EVs. The state will pay them to use generators instead. 

This needs to be fact-checked but he source is impeccable. 

I wish I had $10 from every person who has told me EVs are the wave of the future. I could buy a new Honda Civic.