Locator: 46082COAL.
Coal. Link here.
China - Taiwan: if one wants to join the discussion, one needs to read the history of China - Taiwan and the agreement during / after WWII.
Friday, November 17, 2023
Coal -- Energy -- November 17, 2023
Lost In Translation -- November 17, 2023
Locator: 46081ECON.
Big international story today? Being reported everywhere:
Translation: the gap between the US and the EU is widening. And not by a small amount.
Finishing up this week:
Since 1996: one might assume Burlington Northern could be very similar to UNP.
Back To The Bakken -- November 17, 2023
Locator: 46080B.
Bakken gas update: ONEOK.
Production by play: link here.
Cushing: despite low Cushing stocks, we’ve slipped into a contango situation.
Saudi: trying to maintain price.
US LNG exports hit new record: link here.
WTI: $73.85.
Sunday, November 19, 2023: 125 for the month; 125 for the quarter, 695 for the year
39777, conf, CLR, North Tarentaise Federal 7-18H1, tracked here.
Saturday, November 18, 2023: 124 for the month; 124 for the quarter, 694 for the year
39778, conf, CLR, North Tarentaise Federal 8-18HSL,
39079, conf, Hess, RS-State D-155-92-0203H-8,
23676, conf, EMEP Operating, Charles Davis 1-4-9H-142-94,
39837, conf, CLR, North Tarentaise Federal 9-18HSL2,
RBN Energy: renewable naphtha likely to play increasing role in decarbonization efforts.
The push to decarbonize frequently focuses on the transportation sector, which is responsible for the largest share of global greenhouse gas (GHG) emissions. That has led to increased blending of ethanol into gasoline and the development of several alternative fuels, most notably renewable diesel (RD) and sustainable aviation fuel (SAF). But as production of those two fuels accelerates, an often-overlooked byproduct of their creation is beginning to attract more attention: renewable naphtha. In today’s RBN blog, we explain the similarities and differences between traditional naphtha and renewable naphtha, look at how renewable naphtha is produced, and show how it can be used to help refiners, petrochemical companies and hydrogen producers meet their sustainability goals and reduce the carbon intensity (CI) of their products.
Let’s start with the basics. Traditional naphtha is derived from the distillation of crude oil or from the separation of NGLs in a fractionation plant. (The heaviest cut produced from NGL fractionation is typically referred to as natural gasoline and is very similar to the light naphtha produced from crude oil at refineries.) It is most often used in gasoline blending and as a petrochemical feedstock in the production of plastics. On the refinery side of things, naphtha can be directly blended into gasoline, although it typically has low octane and, in the case of light naphtha, high vapor pressure, which limits the amount that can be blended directly into gasoline. Still, light naphtha and heavy naphtha can be sent to a refinery’s isomerization or naphtha reforming units before blending to boost octane, increasing its value as a gasoline blendstock. On the petchem side, it can be used as a feedstock in steam crackers to make ethylene and, ultimately, plastics. Light naphtha has high paraffin levels, which is preferred because it provides better yields than other options; it has varying degrees of sulfur and other impurities. (Naphtha competes with propane and butane as a petrochemical feedstock.)
My Favorite Chart Updated -- November 17, 2023
Locator: 46079CHART.
Note: see comments, this link.
My favorite chart: update posted overnight. Break in trend. This is why this chart is my favorite chart.
Seasonal flu, update: link here -- how this plays out will speak volumes this year -- trending now -- masks off -- vaccinations plummeting .... all outpatient influenza-like illness visits ---
Covid: some states appear to be no longer reporting Covid cases (I'm speaking to you, Oregon). North Dakota: cases increasing, but no deaths.
Friday — November 17, 2023
Locator: 46078HEADLINES.
My favorite chart: update posted overnight. Break in trend. This is why this chart is my favorite chart. Posted on blog.
Housing starts: better than expected.
Ten-year dropping: under 4.5%.
Technology, personal: amazing. Particularly the iPad. Inside a case: a must-have.
Taylor Swift: contributed over $8.5 billion to US economy in 3Q23.
- Next week, Monday, November 20, 2023: Kelce vs Kelce -- KC Chiefs vs Philadelphia Eagles.
Dow, pre-market: up strong at 5:00 a.m. ET.
Top investment story past 48 hours, re-posting: QCOM.
Personal investing: undecided so far today. At the moment, all major indices green.
Pre-market trading. Considering: BA, AAPL, NVDA, WMT. ENB. MSFT. GLNCY. PXD. RACE. QCOM. ABBV. SCCO. Will buy no more than three of those being considered. Most unlikely, GLNCY, because it would be a new position but very interesting. [Later: bought MSFT, RACE, and SCCO.]
Must-read: Ken Fisher’s top 12 holdings. He’s like me, also. He’s serious about making money. Only he’s much more successful doing it. It’s noteworthy which one stock is not on the list of top twelve.
Stock in the news: MCD. Holy mackerel, lots of news affecting MCD.
Up almost $6 yesterday. Raising dividend almost 10%. Let’s assume you have only one stock: MCD. Let’s assume your only income is the MCD income and you make $100,000 per annum on this dividend. You just got a 10% raise in your annual income, taxed less than income from actual working. And indications are that this dividend acceleration will continue. History. $1.67, ex-date, November 30, 2023. Payable mid-month December.
Inflation: update for investors. In the big scheme of things, it was transitory.
What recession? Consumers still have plenty to spend. Barron’s. An incredibly long article.
Tea leaves: holiday spending will be much more robust than folks currently think. Key data point: everyone has a job. Second key data point: retailers will market (advertise) heavily. Third data point: the Fed won’t be the Grinch this year. Watch luxury car sales surge. Regional banks may be in better shape going forward with the Fed on pause.
IRA for rural, red America: link here.
D. R. Horton: don’t know if this is a story or an ad. Looks like an ad. Caught my attention due to builder’s success in Texas..
Volvo shares plunge: down 14% as Chinese owner Greeley sells off stock. This EV fad is an unmitigated disaster.
CHPT: recently volatile, but one-year and five-year charts, horrendous.
Enbridge: more solar.
Its problems are both industry-related and self-inflicted. Sales are on track to fall 40% this year because wind turbine installations have slowed in key markets. Quality problems forced TPI (ticker: TPIC) to repair wind blades it had already sold, leading to tens of millions of dollars worth of expected warranty charges. A customer bankruptcy shaved nearly $23 million off adjusted earnings.
The stock, which peaked above $70 in 2021, has cratered 70% this year and now trades for $2.56.
The bond market is also flashing warning signs. A TPI bond due in 2028 is trading for 43 cents on the dollar, with a 28% yield. “Certainly, liquidity is concerning,” said Evercore analyst James West.
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.
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.
Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.
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