Monday, January 3, 2022
Clearing Out The In-Box -- January 3, 2022
Tesla smashed expectations; delivered way more EVs in 4Q21 than analysts forecast. Link here.
- record delivery for any quarter: 308,600 cars
- TSLA surges; company joins the exclusive $1 trillion market valuation club
- for the year: almost a million deliveries; actual: 936,000;
- analysts' forecast: 263,000 vs actual of 308,600 -- truly amazing -- and everyone was complaining about semiconductor chip supply chain issues
- this supports my view that supply chain issues had a lot to do with piss poor planning, not necessarily a supply chain shortage (don't take that out of context)
- TSLA: recently under $1,000 when Elon Musk started selling shares to pay outrageous federal and California state taxes; now, new price target of $1,400
Investing: the S&P 500 beat both the Dow and the NASDQ in 2021 by the widest margin in 24 years. Link here.
Chicago: announces vaccine. Goal: prevent new lockdowns.
Israel: offers fourth dose in less than a year. Previously, the fourth dose only for immuno-compromised; now available for everyone.
North Texas: it's cold down here. LOL. While cooking Cornish hen and lamb last night, I had to turn on the air conditioner to make the apartment a bit more comfortable for guests. Wow. What a great state. LOL.
Note to readers: the link to Victor Davis Hanson at
the sidebar at the right will be removed and replaced with Bjorn
Lomborg. This is the first change of many for the blog for 2022.
2022 Theme: Spare Capacity -- January 3, 2022
First up: Kuwait is fully out of spare capacity and seeing terminal decline issues that compete with Sauid, Mexico, etc...link here.
WTI At $75. EOG Breakeven At $30; Covers Dividend At $36 -- January 3, 2022
Stockpicker's market: wow!
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Back to the Bakken
Active rigs:
| $75.27 | 1/3/2022 | 01/03/2021 | 01/03/2020 | 01/03/2019 | 01/03/2018 |
|---|---|---|---|---|---|
| Active Rigs | 30 | 13 | 55 | 65 | 53 |
Monday, January 3, 2022: :1 for the month, 1 for the quarter, 1 for the year;
Sunday, January 2, 2022:1 for the month, 1 for the quarter, 1 for the year;
- 36999, conf, CLR, LCU Reckitt Federal 8-27H, Long Creek, no production
RBN Energy: top ten RBN Energy prognostications for 2022 -- Year of the Tiger.
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