DUC Spreadsheet -- IN PROGRESS -- January 24, 2024

 Locator: 46635DUCS.

From a reader, thank you very much.

Month/YR	Bakken
	Drilled	Completed	DUC
Dec-13	--	--	603
Jan-14	174	143	634
Feb-14	214	158	690
Mar-14	216	218	688
Apr-14	220	207	701
May-14	216	208	709
Jun-14	237	225	721
Jul-14	257	243	735
Aug-14	229	207	757
Sep-14	250	232	775
Oct-14	186	243	718
Nov-14	209	202	725
Dec-14	224	194	755
Jan-15	198	193	760
Feb-15	230	151	839
Mar-15	183	170	852
Apr-15	143	127	868
May-15	125	139	854
Jun-15	110	135	829
Jul-15	103	124	808
Aug-15	111	101	818
Sep-15	99	92	825
Oct-15	118	84	859
Nov-15	100	89	870
Dec-15	98	78	890
Jan-16	71	80	881
Feb-16	61	41	901
Mar-16	68	45	924
Apr-16	43	39	928
May-16	47	59	916
Jun-16	42	54	904
Jul-16	45	56	893
Aug-16	53	82	864
Sep-16	49	66	847
Oct-16	59	85	821
Nov-16	61	86	796
Dec-16	53	49	800
Jan-17	62	52	810
Feb-17	51	58	803
Mar-17	78	71	810
Apr-17	78	104	784
May-17	94	82	796
Jun-17	76	105	767
Jul-17	95	103	759
Aug-17	99	110	748
Sep-17	98	97	749
Oct-17	105	110	744
Nov-17	93	86	751
Dec-17	77	65	763
Jan-18	107	72	798
Feb-18	74	74	798
Mar-18	95	90	803
Apr-18	109	110	802
May-18	125	131	796
Jun-18	108	118	786
Jul-18	134	155	765
Aug-18	108	138	735
Sep-18	108	122	721
Oct-18	121	118	724
Nov-18	110	99	735
Dec-18	108	70	773
Jan-19	121	71	823
Feb-19	108	56	875
Mar-19	111	110	876
Apr-19	118	112	882
May-19	127	127	882
Jun-19	118	149	851
Jul-19	123	122	852
Aug-19	123	144	831
Sep-19	110	88	853
Oct-19	116	108	861
Nov-19	96	88	869
Dec-19	94	86	877
Jan-20	99	98	878
Feb-20	94	100	872
Mar-20	94	108	858
Apr-20	69	33	894
May-20	33	14	913
Jun-20	18	11	920
Jul-20	18	22	916
Aug-20	19	27	908
Sep-20	18	51	875
Oct-20	19	41	853
Nov-20	20	31	842
Dec-20	20	51	811
Jan-21	20	41	790
Feb-21	19	24	785
Mar-21	25	45	765
Apr-21	27	47	745
May-21	29	62	712
Jun-21	31	33	710
Jul-21	32	66	676
Aug-21	39	69	646
Sep-21	42	79	609
Oct-21	43	78	574
Nov-21	47	68	553
Dec-21	52	50	555
Jan-22	53	35	573
Feb-22	64	49	588
Mar-22	67	68	587
Apr-22	58	39	606
May-22	75	61	620
Jun-22	75	81	614
Jul-22	75	89	600
Aug-22	76	93	583
Sep-22	78	82	579
Oct-22	77	95	561
Nov-22	79	78	562
Dec-22	80	40	602
Jan-23	80	87	595
Feb-23	80	85	590
Mar-23	80	88	582
Apr-23	79	101	560
May-23	74	99	535
Jun-23	70	113	492
Jul-23	70	111	451
Aug-23	68	105	414
Sep-23	64	108	370
Oct-23	67	85	352
Nov-23	67	82	337
Dec-23	66	80	323

 

Congratulations To Robotics Granddaughter Olivia! Whoo-hoo! January 24, 2024

Locator: 46634ARCHIVES.

Olivia is captain of the school's robotics team.

Her high school has approximately 2,000 students and is probably over-weighted with high achievers. We won't get into ethnicities but folks can probably guess. Sophia is in the "wrong" ethnicity to be a star performer on the robotics team. LOL.

Tesla 4Q23 Earnings -- Guidance -- "Notably Lower" -- January 24, 2024

Locator: 46633TSLA.

Phrase for the day:

Misses on top and bottom line.

Margin: number to watch -- 15.7% -- the expectation. See box below.

Shares down 5% after release.

EPS: 71 cents vs 74 cents but the big number to watch is "margin."

Now drops below $500 / share.

This is Cathie Wood's favorite stock which she sells at highs and buys back in at lows.

First analyst on CNBC: "Tesla is dead." 

Phil LeBeau: "the numbers are disappointing." 

"notably lower" -- Tesla's own words -- delivery rate is going to be even worse in 2024! 

Screenshot:

EVs have lost their luster. Reality setting in.

"Long in the tooth," early adopters are now looking to sell / trade up. How is resale value holding up? One individual's experience.

Batteries? A combination of government data and Tesla company statements, batteries are expecte to last upwards of 40 years. Tesla guarantees batteries for eight years. From various sources, internet, google search, January 24, 2024. After eight years, batteries no longer guaranteed. Makes re-sale problematic, one would think.

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AMD

Holy mackerel. LOL.

Up $10 during the day, and up again, after hours.

INTC: up 20 cents.

NVDA: up $15 today. Up another $2.40 after hours.

What's going on? Nothing out of the ordinary ... but think about this ... except for Cathie Wood, everyone "in" Tesla is now dumping their Tesla and buying Nvidia and AMD. LOL.

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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At The Museum

PMI: Waiting For The Print Story -- January 24, 2024

Locator: 46632ECON.

PMI: definition.

Waiting for the print story / reported earlier today -- think about this for a minute.

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Books And Arts Page

New books, for this week:

• Bonnard's World, George T. M. Shackelford and Elsa Smithgall, 2023
• The Kimball Museum in collaboration with the Phillips Collection
  
• The Gulf: The Making of an American Sea, Jack E. Davis, c. 2017.
• The Oxford Illustrated History of the British Monarchy, John Cannon & Ralph Griffiths, c. 1988.|
• The Rossettis, Tate, edited by Carol Jacobi and James Finch, c. 2023
• Collaboration between the Tate Britain London (April - September, 2023); and,
• Delaware Art Museum (October, 2023 - January, 2024)
  

Meanwhile, locally, and fnally, something other than the Impressionists.

Bonnard's World: Kimbell Art Museum, Ft Worth, TX, November, 2023 - January, 2024  - last week for this exhibition. From the web page:

In Bonnard’s Worlds, the Kimbell Art Museum presents its first exhibition dedicated to the works of French painter Pierre Bonnard (1867–1947), inspired by its 2018 acquisition of the artist’s Landscape at Le Cannet (1928).

As an artist, Bonnard found inspiration in the natural spaces, intimate interiors, and people that surrounded him in his homes and on his travels through Paris, Normandy, and the French Riviera. Through his paintings—glowing with intense colors and flooded with light—he invites us all into the most fascinating corners of these worlds.

The first major exhibition of Bonnard’s paintings in Texas in nearly forty years, Bonnard’s Worlds explores the sensory realms of experience that fueled the painter’s creative practice—from the most public spaces to the most private.

Reuniting seventy of Bonnard’s finest paintings, created over the course of his career, the exhibition includes some of the artist’s most celebrated works from museums in Europe and the United States as well as many that are unfamiliar to the public from private collections around the world.

Governed neither by chronology nor geography, but by measures of intimacy, the exhibition transports visitors from the larger realms in which Bonnard lived to the most private interior spaces of his dwellings and of his thoughts.

Pierre Bonnard:

Pierre Bonnard; 3 October 1867 – 23 January 1947) was a French painter, illustrator and printmaker, known especially for the stylized decorative qualities of his paintings and his bold use of color. A founding member of the Post-Impressionist group of avant-garde painters Les Nabis, his early work was strongly influenced by the work of Paul Gauguin, as well as the prints of Hokusai and other Japanese artists. Bonnard was a leading figure in the transition from Impressionism to Modernism. He painted landscapes, urban scenes, portraits and intimate domestic scenes, where the backgrounds, colors and painting style usually took precedence over the subject.

Landscape at Le Cannet:

Provenance Henri Kapferer (1870-1958), Boulogne-Billancourt, France. Aimé Maeght (1906-1981), Cannes and Paris, by early 1950s; by descent to his son Adrien (b. 1930) and Paule Maeght, Cannes and Paris; acquired by (Richard L. Feigen, New York, 1997); Private collection, Chicago; Private collection; (New York, Sotheby’s, November 2, 2005, lot 39); Wildenstein & Co., New York; Purchased by Kimbell Art Foundation, 2018.

Aimé Maeght: As a youth, Maeght studied art and music, training as a lithographer at the Ecole des Beaux-Arts in Nîmes. His first commercial encounter in the art world came in 1930, when Pierre Bonnard came to his Cannes shop and had Maeght print a program for a Maurice Chevalier concert with a Bonnard lithograph. 

After the programs were produced, Maeght put the lithograph in the print-shop window. A quick sale encouraged the artist to give him a second picture. Maeght made his Paris debut as a major art dealer on the Rue de Teheran in 1945, after World War II. 

On sale were all the paintings done by Henri Matisse during the war. He also represented Alexander Calder, Georges Braque, Marc Chagall, Alberto Giacometti, Joan Miró, and Fernand Léger.

Much of his success as a dealer was attributed to his wife, Marguerite Maeght.

Weekly EIA Petroleum Report -- January 24, 2024

Locator: 46631B.

Weekly EIA petroleum report, link here:

• US crude oil in storage: decreased by a whopping 9.2 million bbls; 5% below 5-year average:
• imports, crude oil: 5.3% more than four-week period last year; affected by winter storm Gerri;
• refiners: holy mackerel -- down to 85.5% -- very seldom see it get this low -- affected by winter storm Gerri;
• gasoline product supplied up 3.7% from same period last year -- interesting, considering the refiners' number;
• distillate fuel inventories decreased by 1.4 million bbls; 1% above the five-year average;
• jet fuel supplied up a paltry 1.6% compared with same four-week period last year

Gasoline demand: link here.

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We're Living On Pool Time