Thursday, January 4, 2024

Grayson Mill With Four New Permits -- January 4, 2023

Locator: 46456B.

WTI: $72.35.

Active rigs: 32.

Four new permits, #40426 - #40429, inclusive:

  • Operator: Grayson Mill
  • Field: Elk (McKenzie)
  • Comments:
    • Grayson Mill has permits for four Alfred North wells, SWNW 17-151-102;
      • to be sited 425 FWL and between 2278 FNL and 2398 FNL;

iPad Is The Best -- From The NY Times -- January 4, 2024

Locator: 46455AAPL.

Link here. 


Be sure to read the review at the link. Again, this is a NY Times Wirecutter review.

In the photo below, their mom writes: 

They are taking turns on Khan Academy, a free app for reading and math under 2nd grade.


I did not know if 64 GB would be adequate but the review says it it adequate for most users; it will cost another $150 to upgrade to 128 GB. It seems more than adequate for Judah and Levi. The boys turn four in early March. They are already quite proficient on the iPad. 

By next Christmas, I assume, I will get a second iPad so they each have one .. if they can hold out that long.

Road To Germany -- January 4, 2024

Locator: 46454GERMANY.

We talked about this yesterday. Now, Charles Kennedy weighs in.

From the linked article:

According to Agora’s calculations, only about 15% of the CO2 volumes saved last year constitutes permanent emissions reductions resulting from additional renewable energy capacity, efficiency gains, and the switch to fuels that produce less CO2 or other climate friendly alternatives.
“About half of the emissions cuts are due to short-term effects, such as lower electricity prices, according to the analysis,” the think tank said, noting that “most of the emissions cuts in 2023 are not sustainable from an industrial or climate policy perspective - for example, if emissions rise again as the economy picks up or if a share of Germany’s industrial production is permanently moved abroad.”
“We don’t consider the emissions reductions seen in the industrial sector to be sustainable. The drop in production due to the energy crisis weakens Germany’s industrial base,” said Simon Müller, director of Agora Energiewende Germany.

I measure the health of a country's economy by the energy it uses. From twitter today, this is not a good news story:

Apparently, so do others, link here:



Price of natural gas in Germany
, "at the border":

Five-Minute Lunch -- January 4, 2023

Locator: 46453RECIPES.

Personal investing: my buckets -- again, this is not my portfolio. This is simply where / how new money will be / is allocated. Those in "red" are new additions. I try to keep the total to 20 tickers. 

"Movers" should be re-named "trading only." These positions are bought to be held for eight months or less, deciding then whether to hold or sell.  The others have a 5-year holding position and my overall portfolio has a rolling 30-year horizon. When looking at charts for investing purposes, I only "compare" at one-year and five-year histories.

Today, I added to my positions in:

  • WMT
  • CAT
  • ABBV
  • TSM
  • SWKS
  • CVX
  • AAPL

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

Chili and Spinach

Chili: Yellowstone Angus Beef Chili

Spinach:

  • while chili is heating up on stove, grab a large skillet
  • spray a bit of Pam on the skillet but then "wipe" it around/off with a paper towel (so the skillet looks dry again, but the Pam is still there)
  • splash a few drops of water on the skillet (probably a tsp)
  • add a huge amount of fresh spinach because it will cook down to a small amount (see pictures)
  • sprinkle a bit of soy sauce on the spinach, a tablespoon is probably too much; a tsp too little
  • heat on high to get things going and stir (almost) continuously to prevent burning
  • when spinach looks about done, remove from heat (or watch if very, very closely to keep it from burning)
  • pour chili into bowl, add cheddar cheese (no onions for me) and place spinach on plate
  • I like inexpensive red wine with chili

[Note: the Bitburger was from last night. LOL.]




Just Getting Started -- Thursday, January 4, 2024

Locator: 46452B.

Stories on the docket for later today, tomorrow:

  • iPad: the best tablet out there; link here.
  • recession last year? 
    • Auto industry marks best year (2023) since 2019; 
    • how could so many be so wrong! Pending.
    • Ford to re-price the F-150: pending.
    • Chevy Corvette: pending.
  • Xerox: to cut workforce: pending.
  • Walgreen's: beats earnings estimate -- what recession in 2023? Pending.
  • huge European supermarket will drop many PepsiCo products; 
    • fighting "outrageous" price increases;
  • US payrolls jump; exceed estimate; what stagflation? Pending.
  • embiggen and cromulent: pending.
  • Biden to choose new VP running mate: tea leaves: pending.
  • Rivian downgraded: pending.
  • online spending: hits new record. What recession? What stagflation? Pending.
  • road to Germany; folks are misreading the energy story. Link here. And, here.
  • blow to Intel: link here and more pending.
  • links to BRK-B to start the new year: pending.
  • one guy I won't watch: pending.
  • chips for 2023: pending.
  • Equinor, BP say "no" to wind project: pending.
  • Permian well performance: pending.
  • API numbers: pending.
  • EIA weekly petroleum report: see below.

**************************
Weekly EIA Petroleum Report

Link here.

  • US crude oil in storage: down a whopping 5.5 million bbls; 
    • WTI plunges after report; 
    • US crude oil inventories now 2% below the five-year average;
  • crude oil imports increased; 7% greater than four-week average last year
  • refiners: 93.5%
    • glut of gasoline in storage
  • distillate fuel increased by a whopping 10.1 million bbls and are now only 6% below the five-year average; huge turnaround; what does it mean?
  • jet fuel product supplied was up 2.1% compared to same four-week period last year

API data, from yesterday:

*****************************
Back to the Bakken

WTI: $72.32.

Monday, January 8, 2024: 6 for the month; 6 for the quarter, 6 for the year
39929, conf, Neptune Operating, Jacobson 17-8-5 3H,

Sunday, January 7, 2024: 5 for the month; 5 for the quarter, 5 for the year
39930, conf, Neptune Operating, Jacobson 17-8-5 2H,

Saturday, January 6, 2024: 4 for the month; 4 for the quarter, 4 for the year
39025, conf, Hess, GO-Golden Valley-157-96-283H-2,
39024, conf, Hess, GO-Golden Valley-157-96-2833H-3,

Friday, January 5, 2024: 2 for the month; 2 for the quarter, 2 for the year
None.

Thursday, January 4, 2024: 2 for the month; 2 for the quarter, 2 for the year
None.

RBN Energy: Michigan gives Line 5A a nudge, but pipeline still ensnared by controversy.

After a roughly three-year wait for a critical state permit, Enbridge’s Great Lakes Tunnel and Pipe Replacement project for its Line 5 pipeline across the Straits of Mackinac in Michigan has taken a step forward. The Army Corps of Engineers’ permits for the tunnel project would seem to be the only major obstacle standing in the way of construction, but there may well be more challenges ahead. Like a few other oil and gas projects — namely, Mountain Valley Pipeline (MVP) and Dakota Access Pipeline (DAPL) — Line 5 has become entangled in controversy, including local opposition worried that a spill would irreparably damage their surroundings and spoil the state’s natural resources. In today’s RBN blog, we take a closer look at the Line 5 project, its next steps, and the opposition it continues to encounter.

Ticker ENB: Enbridge has had a great one-month run and pays 7.38%. Whoo-hoo!