Locator: 44868TSLA.
Locator: 44868NVDA.
What's driving NVDA? Link here.
NVDA:
Nvidia surges on a day the overall market is flat / slightly negative.
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TSLA
Story began to trend about a week ago.
TSLA continues to melt up.
On a day the market is flat / slightly negative.
In one month, TSLA has appreciated by 32%; has gained $55 / share. Most of that in the past week or so.
Locator: 44868B.
iPhone 15: link here.
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Apple Silicon, Part 2
Yesterday: my first blog on Apple Silicon, arguably the biggest chip company in the world.
Today, more, from The Verge, dated June 7, 2023. Jon Porter "heard" the same thing I heard during Tim Cook's WWDC keynote speech.
Although it seems like a surefire thing in retrospect, it’s worth taking a moment to reflect on how successful Apple’s switch to Apple Silicon has been. Prior to Apple’s big announcement, Arm-based processors had only really been successful in smartphones. A couple of manufacturers had attempted to make Windows laptops work on Arm (perhaps most notably with the Surface Pro X), but none had delivered on the promises of the architecture without significant compromises.
Apple has not just successfully transitioned its entry-level MacBooks to Arm, where the architecture’s battery life benefits were the biggest appeal, but it also upended our concept of Arm performance for both laptops and desktops. Apple not only ported its own operating system and apps but also convinced major third-party developers to do the same.
The iPhone manufacturer is notorious for its love of control. It controls how people can use its smartphones and which apps they can install. It controls how the repair ecosystem around them works. And with its transition to Apple Silicon, it has an unprecedented amount of control over how it makes its Macs. It doesn’t need to wait for Intel and AMD to release new chips to upgrade its computers or rebuild a relationship with Nvidia. Now, as it starts its next journey, Apple can march to the beat of its own drum.
Locator: 44867B.
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Today's Weekly Jobs Report
Big headline.
Little story.
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101 Days Of Summer
Day 12.
Beautiful biking weather. On a scale of 1 - 10, a twelve (12).*************************
Back to the Bakken
Active rig: 37.
WTI: $72.74. Green.
Natural gas: $2.340. Green.
Peter Zeihan newsletter.
Friday, June 9, 2023: 23 for the month; 131 for the quarter, 386 for the year
39417, conf, Bison Land & Minerals, West Dry Creek 1H,
39257, conf, Stephens Williston LLC DBA SEG Williston, Greenbrier 15591W-0211-5H,
33904, conf, Slawson, Mole 5-20TFH,
RBN Energy: E&P consolidation continues in the Permian and Eagle Ford.
The headwinds facing producers in the Permian, the Eagle Ford and other shale plays are trimming the valuations of oil and gas assets and making it easier for deep-pocketed acquirers and private-equity-backed sellers to reach deals. For proof, look no further than the ongoing frenzy of M&A activity in South and West Texas, where large and medium-size E&Ps alike continue to gobble up smaller producers with complementary assets. Their goals are one and the same: increase scale, improve efficiency, cut costs and build inventory in highly productive plays with easy access to Gulf Coast refineries, fractionation plants, and export docks for oil, LNG and NGLs. In today’s RBN blog, we discuss the most significant deals in the Lone Star State so far this spring and what they mean for the acquiring companies.
Sagging hydrocarbon prices, concerns that the best well sites have already been drilled, and prospects for a slowing economy this summer and fall have combined to bring down the valuation of many oil and gas assets in recent months, thereby closing the bid/ask spread and enabling a number of deals to be reached.
Just a few weeks ago we looked at Ovintiv’s $4.275 billion plan to purchase ”substantially all” of the leaseholds and related assets of EnCap Investments’ Black Swan Oil & Gas, PetroLegacy Energy, and Piedra Resources in the Permian’s Midland Basin. The deal, which is expected to close later this month, is a biggie for Ovintiv — it will nearly double the company’s oil and condensate output in West Texas, lower its per-barrel production costs, and add more than 1,000 well locations to its inventory.
