Sunday, July 19, 2020

Another Huge Deal -- Covid-19? What Covid-19? This, Too, Shall Pass -- July 19, 2020


From Fox Business:
A $17.3 billion buyout creating the world’s biggest casino company won final approval Friday, with New Jersey gambling regulators agreeing to let Nevada-based Eldorado Resorts Inc. acquire Caesars Entertainment Corp.

It comes after an antitrust analyst had assured the New Jersey Casino Control Commission that the deal affecting four of the nine casino-resorts in Atlantic City would not concentrate too much of the local gambling economy in one company’s hands.

They Must Be Reading The Blog -- July 19, 2020

Ever since the "story" broke, I've been posting updates every so often. From July 11, 2020:
Buffett And The Airline Stock He Sold

Back on March 23, 2020, a senior analyst for some firm said that Warren Buffett panicked when he sold his airlines. That analyst did not know a basic rule of investing. LOL.

So, where does Berkshire Hathaway stand today if Warren Buffett re-invested all proceeds from the four airlines he sold, back into AAPL:
 
Airline
Shr Price: 3/31/2020
Dollars: 3/31/2020
Shares
Shr Price: July 10, 2020
Total: July 10, 2020
DAL
28.53
675,000,000
23,659,306
27.09
640,930,599
UAL
31.55
675,000,000
21,394,612
32.67
698,961,965
AAL
12.19
675,000,000
55,373,257
11.94
661,156,686
SWA (LUV)
35.61
675,000,000
18,955,350
33.22
629,696,714
2,700,000,000
2,630,745,965
AAPL
254.29
2,700,000,000
10,617,799
383.68
4,073,836,958
1,443,090,993
2,630,745,965
54.85%
March 24, 2020
224
10,617,799
2,378,386,881
July 10, 2020
383.68
10,617,799
4,073,836,958
1,695,450,077

Hypothetical numbers:
  • on/about March 31, 2020, proceeds from sale of the four airlines: $2.7 billion
  • July 11, 2020, those four holdings would be worth: $2.63 billion
  • had Buffett taken that $2.7 billion and purchased $2.7 billion of AAPL shares back in March, they would be worth $4.074 billion, a 51% increase in value vs a further loss in the value of those airline stocks.
Now, this from Fox Business:


Notes From All Over -- The Mid-Morning Sunday Edition -- July 19, 2020

From twitter over the last few days:



Link here.

From PowerLine:


US House Democrats outraged with Trump's commutations to date. Will introduce bill to curb his presidential powers.

***********************************
For The Archives

Sunday, July 19, 2020:
  • Swainson's hawks: four spotted between 10:30 a.m. and 1:00 p.m. over Grapevine, TX.
  • PGA: Tiger Woods through eleven holes with four bogeys and one double-bogey, one birdie (#1). I'm sure he just wants to finish the course and get home. It will be interesting to hear the color commentators analyze Woods' play. I just don't see any improvement in his play. Later, ridiculous: the two stroke penalty on Rahm for a ball that moved imperceptively.
  • NASCAR: 2:00 p.m. CDT, Texas Motor Speedway. NBC Sports Network. Good luck finding the network.
Original Post

It was an incredible Saturday.

I spent about three hours in the pool, and had it almost to myself. Three different times, about one hour each time.

Highlight of the day: spotting six Swainson's hawks, see this post for background. I spotted three pair through the day. One pair was out early, about 2:30 p.m. and the last two pair about 4:30. None showed up after 6:00 p.m. Probably flying over Grapevine Lake and DFW.

I only identified the bird a few days ago (previously posted) after seeing them for the first time ever this past week. One of my sources, The Birdsong Bible. Sophia and I have spent hours going through this book, listening to and identifying bird songs.

My copy:


From Amazon:


I'm still in my Greek phase, reading Athens by Christian Meier; The Wooden Horse by Keld Zeuneight; and, Helen of Troy, Bettany Hughes. My tattered copy of Helen of Troy:


And examples of typical pages of notes:



PGA. Eight-stroke swing between #1 and #2 in the last few holes.

TCM: The Maltese Falcon followed by Three Strangers. See this wiki entry.

Mideast On The Brink

This is page 2.
Page 1: click here.

 

The Mideast is getting a bit noisy, July 7, 2021. Link here

Attack on Saudi, September 2019, is tracked here.

Israeli target practice, 2020, tracked here.

*******************************
Transition

Afghanistan: US suddenly exits; debacle of historic proportions. Kabul falls overnight, Friday, August 13, 2021 - Sunday, August 15, 2021. 

Mideast heating up:

  • November 29, 2020: reports that the USS Nimitz on its way home, has now turned around and is returning to "the gulf";
  • Brits have security forces in Saudi Arabia; apparently the forces have been since January, 2020;
  • US sends B-52s to Mideast (Minot AFB, ND-based bombers)
  • tabloid reports that Israel prepared/preparing;
  • Iranian nuclear scientist assassinated
  • Trump not happy about election "loss" ("everybody" knows Sleepy Joe did not get 80 million votes)
  • Michael Flynn full pardon; might Flynn be back in touch with Trump as "behind-the-scenes" security advisor?
**********************************************
Mideast On The Brink


November 27, 2020: things heating up as the US transitions from a strong president to an incredibly weak, slow-thinking, senescent president.
 
September 26, 2020: Iran has built naval base at chokepoint of the Strait Hormuz; US preparing military response. Link here.
 
July 19, 2020: Iran has already decided to strike back against Israel -- report. Link here.

July 19, 2020:


Initial Production Data For Wells Coming Off The Confidential List This Next Week -- July 19, 2020

The wells:
  • 36631, conf, XTO, Tobacco Garden 21X-17D, Tobacco Garden, no production data
  • 36492, conf, Hess, TI-Stenbak-158-95-2526H-6, Tioga,
DateOil RunsMCF Sold
4-2020360
3-202032253080
2-20201660619091
1-202028122940
DateOil RunsMCF Sold
5-20203059376278
4-20202627051916
3-20203154460492
2-20203607968968
1-20201487025449
  • 36491, conf, Hess, TI-Stenbak-158-95-2526H-5, Tioga,
DateOil RunsMCF Sold
5-2020103073845
4-202087229530
3-202078577786
2-202062925603
1-202047863098

  • 37069, conf, WPX, Wolverine 21-22HD, South Fork, no production data,
  • 35874, conf, Whiting, Fladeland 12-10HU, Sanish,
DateOil RunsMCF Sold
5-20201368029917
4-20201881127696
3-20202663221098
2-2020269060
1-20201910
  • 33425, conf, Sinclair Oil, Crosby Creek 6-5H, Little Knife, no production data,
  • 37269, conf, CLR, Kate 14-19H1, Big Gulch, no production data,
  • 37071, conf, WPX, Wolverine 21-22HC, South Fork, no production data,
  • 37070, conf, WPX, Wolverine 21-22HZ, South Fork, no production data,
  • 36790, conf, Sinclair Oil, Harris Federal 5-32H, Lone Butte, no production data, 
  • 36489, conf, Hess, TI-Stenbak-158-95-2526H-3, Tioga,
DateOil RunsMCF Sold
5-202097103333
4-2020927410072
3-2020841910816
2-202022382688
1-2020840210532
DateOil RunsMCF Sold
5-20202965553276
4-20202526841020
3-20204300366283
2-20201718522139
1-20201170
  • 35743, conf, Whiting, Ogden 14-3XH, Sanish,
DateOil RunsMCF Sold
5-202072938772
4-20201669220097
3-20202129223079
2-20201743415428
1-2020762760
DateOil RunsMCF Sold
5-20204154
4-20202016239785
3-20202113139375
2-20202229546990
1-20206771264
DateOil RunsMCF Sold
5-20202910347997
4-20202811842697
3-20203928259146
2-20201231617836
1-20203010
DateOil RunsMCF Sold
5-2020283572
4-20202542580560
3-202040763116291
2-20203682194549
1-20209162289
  • 37267, loc/NC, CLR, Rodney 4-20HSL1, Big Gulch, no production data,