Winter Storm Abigail Setting Records And Hurricane Season Not Yet Over -- October 21, 2020

First things first: well, hello there .... early winter ... from weather.com ...

Snow that has blanketed parts of the northern Rockies, northern Plains, upper Midwest and northern New England set October records in multiple locations, and more snow is on the way through early next week, possibly as far south as Texas.

We're only about a month into autumn, but in the last week a colder pattern in parts of the country has reminded us that winter is fast approaching.

Minneapolis-St. Paul has set the most recent October snowfall record after piling up 7.9 inches on Tuesday, October 20, 2020. That's the heaviest snowstorm on record so early in the season in the Twin Cities.

Montana has been the hardest hit since last week. Great Falls picked up 13.8 inches of snow Friday through Monday and set a number of October snowfall records, including:

-Heaviest calendar-day October snowfall: 8.2 inches Sunday, October 18, 2020.

-Greatest October snow depth: 10 inches Monday, which topped previous record set last year on October 9, 2020.

-Earliest-in-season 10-inch snow depth, which beat the previous record set Nov. 9, 2012.

Remember all the Kennedy stories that we would never see snow again. Wow.  

With distance learning / remote learning / streaming there should be no reports of "snow days" for school.

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Wow, That Was Fast. Skipped Right Through The Second Wave

From New York Intelligencer: the third wave of the pandemic is here. For the archives.

Comparing Apples And Oranges -- October 20, 2020

Another glowing review of the new Apple iPhone 12 smartphones. Link here. There's definitely a different level of (positive) anticipation regarding these new phones. Comparing apples and oranges:
GM is on a huge CAPEX spending spree, announcing yet another new EV factory, this will be their third in just the past few months;

• P/E:
• GM: 33
• AAPL: 36
• dividend:
• GM: none
• AAPL: 0.76%
• cash flow, quarterly:
• GM: a negative $10 billion
• AAPL: $60 billion

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. 

So many story lines. I'm just blown away by the fact that GM and AAPL have essentially the same P/E. I'm way too biased but it just seems to me the excitement over the iPhone 12 is unprecedented except perhaps with that seen with iPhone 6. Combine the excitement with the new phone plus 5G and it certainly seems this could really be incredible. 

Folks who still have jobs have a lot of money to spend. $/GB storage these phones are actually less expensive than the previous corresponding phones. Folks are looking for something exciting, anything to take their minds off politics and Chinese flu. I'm seeing literally no negative reviews of the iPhone 12.

We won't see this when Apple reports this quarter's numbers but next quarter's results should be amazing. 

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.

Apple iPhone 12 update (previously posted):

• Securities analyst Ming Chi-Kuo suggests iPhone 12 Pro demand is higher than expected. Link here. 
• iPhone 12 Pro pre-orders are already selling out. Link here. Others have suggested that when the Apple site when live to begin taking orders for the iPhone 12, the supply of iPhone 12's were sold out in twelve minutes. 
• Taiwanese carriers believe that sales of iPhone 12 models will be the strongest since the iPhone 6 and iPhone 6 Plus. Link here.

Previously posted: 

• Apple: AirTags coming. Social media comments again suggest some folks simply don't understand things.
• Apple: new iPhone 12 colors. Disclaimer: I'm buying into the hype. 
• Apple: how to think about Apple iPhones. 

Previously posted:

By the way, how much is it costing Apple to put 5G into their phones. Over time, the cost is coming down, but as recently as August 22, 2020, this was the breakdown:

• iPhone 12: to save on cost with simpler battery board design;
• amazing how much these components cost: $85 for sub-6GHz 5G technology;
• $135 for millimeter wave technology
• those two components alone total: $220!

Back to 5G. I don't know if folks remember, but the other day I posted a video to explain mineral rights to a reader. During that video, I had to "re-fresh" a graphic on my computer. The re-fresh took several seconds. With 5G that will never, never, never, ever happen again. The re-fresh will literally be instantaneous. 

Previously posted, link here: why the iPhone 12 could be a runaway seller.

Are we seeing this kind of enthusiasm for GM?

And the P/E for GM and AAPL almost the same at 33 - 36.

Huge Jump In Production -- BR Zephyr Well In Corral Creek -- October 20, 2020

The well:

• 32002, 2,117, BR, CCU Zephyr 34-34 MBH, Corral Creek, t2/17; cum 454K 8/20;
  

Full production here.  

A Bruin Fort Berthold Well In Eagle Nest Goes Over 500K Bbls Cumulative -- October 20, 2020

The well:

• 31188, 3,752, Bruin/HRC, Fort Berthold 148-95-25B-36-8H, Eagle Nest, 56 stages, 6.7 million lbs, t4/16; cum 496K 8/20;

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	8-2020	31	3667	3677	1738	3706	3699	7
BAKKEN	7-2020	31	3774	3764	1965	3945	3942	3
BAKKEN	6-2020	9	1096	1058	788	966	939	27
BAKKEN	5-2020	3	320	362	214	430	417	0
BAKKEN	4-2020	30	3257	3268	1822	4023	3917	0
BAKKEN	3-2020	31	3304	3247	1122	3656	3563	0
BAKKEN	2-2020	12	1172	1221	397	1794	1744	1
BAKKEN	1-2020	31	4029	4041	1257	5605	4311	1137
BAKKEN	12-2019	31	4382	4361	1376	5812	0	5609
BAKKEN	11-2019	30	4347	4372	1812	6603	958	5471
BAKKEN	10-2019	31	5308	5368	1978	8477	6275	2015
BAKKEN	9-2019	30	4526	4556	2059	6356	4323	1848
BAKKEN	8-2019	31	5394	5541	2375	7145	3357	3573
BAKKEN	7-2019	31	4520	4356	2757	7385	3957	3222
BAKKEN	6-2019	30	4220	4383	1925	5963	3087	2698
BAKKEN	5-2019	13	2058	1972	787	2033	945	757
BAKKEN	4-2019	30	4880	4875	2753	6302	3079	1622
BAKKEN	3-2019	31	5525	5610	3471	6890	3509	1822
BAKKEN	2-2019	28	4804	4796	2456	4982	3547	481
BAKKEN	1-2019	31	6546	6483	3350	8689	7070	491
BAKKEN	12-2018	31	6582	6552	3117	9014	8284	389
BAKKEN	11-2018	30	6936	6814	3651	12508	11416	707
BAKKEN	10-2018	24	6272	6513	4227	8700	8137	291
BAKKEN	9-2018	30	9179	9242	6000	12677	11686	614
BAKKEN	8-2018	8	2035	1616	1562	3326	2534	616
BAKKEN	7-2018	23	8456	8950	5615	10551	8292	1731
BAKKEN	6-2018	25	11044	10549	4028	15973	13726	2046
BAKKEN	5-2018	11	5265	5295	3022	9500	8612	791
BAKKEN	4-2018	28	16682	17518	9282	28436	26662	1428
BAKKEN	3-2018	31	14677	14370	8216	23294	22940	43
BAKKEN	2-2018	26	11288	10731	4043	14130	13818	115
BAKKEN	1-2018	4	1019	1452	407	1187	1047	106
BAKKEN	12-2017	31	13063	13095	7835	17631	16585	757
BAKKEN	11-2017	30	13543	13672	8307	18748	17748	790
BAKKEN	10-2017	31	12808	12650	9176	16998	16333	448
BAKKEN	9-2017	30	11817	11920	8907	14116	11703	2203
BAKKEN	8-2017	31	18109	17856	12053	23779	22657	905
BAKKEN	7-2017	20	10352	10578	7028	11952	11460	352
BAKKEN	6-2017	30	15224	14936	9771	18366	17306	850
BAKKEN	5-2017	31	9628	9885	8469	12455	11491	747
BAKKEN	4-2017	30	17027	17131	4877	28530	27187	1133
BAKKEN	3-2017	31	20110	20458	9079	21557	19319	2021
BAKKEN	2-2017	28	29710	29176	6673	38381	35277	2908
BAKKEN	1-2017	22	18458	18739	4783	24383	23325	904
BAKKEN	12-2016	25	26804	26749	7560	30261	27109	2977
BAKKEN	11-2016	30	38419	38359	11861	47805	45626	1969
BAKKEN	10-2016	17	26406	25842	7108	26790	19767	6904
BAKKEN	9-2016	0	0	0	0	0	0	0
BAKKEN	8-2016	0	0	0	0	0	0	0
BAKKEN	7-2016	0	0	0	0	0	0	0
BAKKEN	6-2016	0	0	0	0	0	0	0
BAKKEN	5-2016	1	0	428	0	7	0	0
BAKKEN	4-2016	18	37688	37260	18047	34886	27630	7130

Pioneer To Buy Parsley; Another All-Stock Deal -- October 20, 2020

I forgot to post until a reader reminded me: Pioneer to buy Parsley.

Pioneer Natural Resources Co. as agreed to buy Parsley Energy Inc. for $4.5 billion, the latest in a flurry of U.S. oil tie-ups as companies seek to weather low prices brought about by the coronavirus pandemic.

The all-stock deal, which values Parsley at a 7.9% premium to its closing value Monday, would solidify Pioneer’s place as one of the largest producers in the Permian Basin of Texas and New Mexico, the top American oil field.

The long-anticipated string of transactions is expected to continue for healthier companies in the country’s most prolific oil fields, investors said, while many smaller, debt-burdened companies that are hoping for a deal may draw few offers.

Pioneer Chief Executive Scott Sheffield said in an interview Tuesday that size and scale would be key to surviving as an independent oil-and-gas producer as the world transitions away from fossil fuels, and for his company would help it return more cash to shareholders. But he said additional combinations of industry players may take time.

“I do not see much more coming until these other companies can deliver with excess cash flow over the next two or three years,” he said.

“The combination of Parsley and Pioneer creates an organization set to thrive as we forge a strong new link at the low end of the global cost curve,” Parsley Chief Executive Matt Gallagher said in a statement. He is poised to join the combined company’s board of directors