Week 36: September 4, 2022 -- September 10, 2022.

 

Top Stories

Top story: 

• Queen Elizabeth II dies, age 96. King Charles III assumes monarchy.
• in the tabloids, Meghan Markle gets more interesting coverage than the monarch

Javier Blas:

Focus on fracking: most recent edition.

Top story of the week:

Top international energy story:

Top national non-energy story:

• the Russians are fleeing. 
• Ukraine has pushed right up to the Russian border
  

Top national energy story:

• SecTreasury Janet Yellen vows to rid the US of oil and gas.
• SecEnergy Jennifer Granholm vows to balance the budget.
  

Top North Dakota non-energy story:

Top North Dakota energy story:

Geoff Simon's top North Dakota energy stories:

• Quick connects.
  

Bakken economy:

Commentary:

Entertainment:

• NFL: Buffalo Bills crush Los Angeles Lakers in season opener.
  

Grayson Mill Reidle Wells In Briar Creek Along The Montana State Line

The wells:

• 39229, Reidle 6-3F 1H, sections 3/4/5/6-151-104; sited in lot 4 section 6-151-104; cement, C3, production liner 1, 27,863; Briar Creek; 2240 acres;
• 39230, Reidle 6-3F 2H, sections 3/4/5/6-151-104; cement, C3, production liner 1, 27,8632; Briar Creek; 2240 acres; bottom hole, 2087 N 150 E section 3-151-104.
• 39231, Reidle 6-3F 3H,
• 39232, Reidle 6-3F 4H,

The graphic:

The Three Most Dangerous People In The Western World Today -- September 10, 2022

Drum roll:

• King Charles III.
• Janet Yellen.
• John Kerry.

They all have one thing in common.

The 23 leaders and bureaucrats in western Europe, as a group, are a close second.

Devon Energy: A Rare Win-Win From Their Acquisition Spree -- SeekingAlpha Contributor -- September 10, 2022

Link here.

• Earlier in 2022, Devon Energy marked a new chapter with a pivot towards dividends, which thus far has been very profitable for their shareholders.
• Unsurprisingly, the first half of 2022 saw extremely strong free cash flow on the back of booming oil and gas prices. They have followed this cash windfall with an acquisition spree, recently announcing two additions.
• This helps lift their free cash flow and thus dividend outlook relatively higher and thus helps offset a degree of the downside if oil prices keep softening.
• As this does not levy too great of a cost upon their financial position, it creates a rare win-win for their shareholders and thus I believe that maintaining my buy rating is appropriate.

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. Full disclaimer at tabbed link.

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.    

Devon Energy:

• market cap: $45 billion
• p/e: 8.68 (thank you, ESG)
• dividend: 6.8% (would be higher if share price had not appreciated so much -- darn it, all)

Others:

• EOG: $73 billion; 12.7; 2.43% 
• PXD: $57 billion; 9.91; 10.62% 
• CVX: $313 billion; 10.69; 3.55% 
• OXY: $61 billion; 6.45; 0.79% (you can see why Buffett continues to accumulate OXY)
  

My Hunch: There's Going To Be A Lot Of Shortages Before We Get To Copper -- September 10, 2022

Having said that, I continue to accumulate shares in copper-mining companies.Link to ZeroHedge.

“Think of copper as a common carrier, so to speak, of decarbonization. It is literally the wiring that connects the present to the future,” writes Nathaniel Bullard, BloombergNEF's Chief Content Officer. 

While many of us imagine renewable energies to be just that – infinitely renewable, with no use of finite resources – the reality is that solar planes, wind turbines, energy transmission infrastructure, batteries for energy storage, and motors for your electric cars and electric bicycles all rely on metals that are not infinitely sourceable. 

Much lip service has been paid to the extraction and exploitation of lithium to power electric vehicle batteries, but one could argue that copper is even more central to – and therefore potentially threatened by – a large-scale green energy transition.

For the archives.   

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. Full disclaimer at tabbed link.

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.