A Hess Blue Buttes Well Goes Over 500K Bbls Crude Oil Cumulative -- December 13, 2020

The wel;

• 18104, 1,113, Hess, BB-State a-151-95-1615H-1, Blue Buttes, t11/09; cum 498K 10/20; off line most of 4/19; remains off line 12/19; intermittent, small production 10/19; struggling? remains off line 1/20 -- now listed as IA; back on line as of 4/20; recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	10-2020	31	3157	3050	505	3974	3974	0
BAKKEN	9-2020	30	3151	3394	492	3935	3935	0
BAKKEN	8-2020	31	3755	3729	653	4537	4537	0
BAKKEN	7-2020	28	3316	3194	736	3400	3400	0
BAKKEN	6-2020	30	4621	4560	1012	5384	5384	0
BAKKEN	5-2020	23	3735	3784	818	3711	3711	0
BAKKEN	4-2020	6	1058	869	4	916	916	0
BAKKEN	3-2020	0	0	0	0	0	0	0
BAKKEN	2-2020	0	0	0	0	0	0	0
BAKKEN	1-2020	0	0	0	0	0	0	0

Charlie Pride — Dead At 86. COVID-Related —. December 12, 2020

 

RMDs -- Reminder -- 2020

From a reader who had a question.

CARES Act 2020: check out the "act" for yourself or with your financial advisor, but it appears that ALL RMDs are waived for 2020. One link here. 

Black Lives Matter -- Looking For Change In All The Wrong Places -- Notes From All Over -- Part 3 -- December 13, 2020

From PowerLine today. Wow, doesn't this speak volumes about BLM:

By the way, more and more colleges and universities are doing away with SAT requirements.

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CNN Highlights: Bankruptcies and Failures So Far in 2020
Must Be A Slow News Day
It Seems CNN Updates This Story Monthly

Link here.

There are thirty.

When you scroll through this list, find three that even interest you. None interested me but couldn't resist commenting on a few.

My thoughts:

• Papryus: was doomed well before Covid-19.
• Pier 1 Imports: this was interesting when I was in graduate school; that was decades ago; always wondered how it lasted this long;
• JC Penney: no comment;
• Chuck E Cheese: the bad news -- it looks like it will rise again;
• Sur La Table: one of my favorite stores to browse; really, really nice stuff; really, really expensive;
• Stein Mart: one of my wife's favorite stores when we lived in San Antonio; somewhat stodgy; never really appealed to me;
• Friendly's: only knew about it because family lived in Boston for four years;
  

Notes From All Over -- Part 2 -- December 12, 2020

US consumer sentiment: rises unexpectedly. Link here.

• prior: 76.9
• forecast: 75.5
• actual: 81.4

Dividends, link here. I see ATT (T) declared their next quarterly dividend. Unchanged. I could be wrong, but based on dividend history at this link it looks like this will be the fifth quarter since ATT has increased its dividend. Generally, it's an annual increase.We'll see how the market reacts to this on Monday.

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.

QCOM: with Apple and Qualcomm in the news this week, time to check on QCOM's dividend:

• ex-div: 12/02/20
• record date: 12/03/20
• payment date: 12/17/20
• cash amount: 65 cents
• quarters at same amount: this will be the third consecutive quarter at 65 cents;
• pays: 1.8% (after shares fell 7% yesterday)

 Investment grade bonds: ZeroHedge.

Far from a blessing however, Martin counters that for long-term European IG credit investors, this unprecedented rally combination has created a negative yielding headache, as the new year dawns:

• The average IG corporate bond yields are now just 19bp,
• Average 1-5yr corporate bond yields stand at just 1bp,
• and investors have to buy 10yr credit, or longer now, to avoid the problem of negative yields, implying credit duration will likely become very crowded next year. (Akin to duration, which measure's a bond's sensitivity to interest rate changes, credit duration measures a bond's sensitivity to changes in its credit spread)

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Chinese Flu Watch

The links.

Coronavirus: statistics. By country. By state.

• penetration (more is good; herd immunity):
• North Dakota, #1, at 11.4%
• South Dakota, #2, just crossed the 10% milestone
• US: just slightly less than 5%;
• Texas: right at the US average of 5%;
• California, at less than 4% is in deep trouble;

WSJ - Johns Hopkins data. 

• cases per 100,000, top five:
• Rhode Island remains at #1
• Tennessee enters the list at #5
• South Dakota drops off the list
• North Dakota remains in at #3
• rounding out the list: Ohio at #2; Indiana, #4
• the "brown" map is getting very, very, very light in color; and this is before the first vaccine is administered in the US;
• the north slope, Alaska, is particularly hard hit right now;
  

CDC: MMWR. 

Seasonal flu: first pediatric death recorded/reported this past week. This was from "seasonal flu," not Covid-19. Was that reported anywhere other than in an obscure CDC pamphlet?

Seasonal flu testing:

• 22,474 specimens tested:
• number of positive specimens: 40
• percent positive: 0.2%

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PowerLine's Week In Pictures

This week was particularly good. I had trouble deciding which one I would use. In the end, I went for three. This is the first. 

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We'll Get Back To This Later

Eternal Sunshine of the Spotless Mind. Link here.

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Politics and Coffee

Me through the decades.

Link here.