Wednesday, April 3, 2024

SCCO -- April 3, 2024

Locator: 46904INV.

Up 36% in the past month. Pays more than 3% who bought earlier.


Another option: MMFs.

SCCO vs BRK, five years:


And, SCCO paid a dividend all those years.

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1Q24

Return:

  • S&P 500: 9.76175% appreciation
  • the mutual fund I've had forever and hate the most: 8.39788%

Investing -- April 2, 2024

Locator: 46899INV.

This is not my portfolio. This is where I put new money.  I have a fairly robust revenue stream even in retirement. I limit the list to less than twenty ticker symbols. I re-evaluate the list every quarter.

Obviously I make changes if conditions warrant. 

This was the list I put together on January 1, 2024.

At the end of each quarter I raise more cash by tax-loss harvesting. 

I am in the process of making changes in the spreadsheet for 2Q24. 




PSA: For Mineral Owners -- The Dahl Wells Southeast Of Williston, South Of The River, In Baker Oil Field -- Explanation Of Recent Developments -- April 3, 2024

Locator: 46903B.

Link here.

Explaining The Bump In Heavier Crude Oil In North Dakota -- RBN Energy -- April 3, 2024

Locator: 46902B. 

EIA weekly petroleum report, link here:

  • US crude oil in supply increased (needs to be fact-checked) by 3.2 million bbls; inventories are 2% below the five-year average
  • refiners: 88.6%
  • jet fuel: up 1.2%

AAPL:

Personal investing:

  • by rule, CAT, VZ, and UNP
  • by rule, I cannot buy any more AAPL
  • by rule, sold CIVI

Reminder: I am inappropriately exuberant about the US economy and the US market, I am also inappropriately exuberant about all things Apple.

See disclaimer. This is not an investment site.

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.

Reminder: I am inappropriately exuberant about the US economy and the US market, I am also inappropriately exuberant about all things Apple.

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Back to the Bakken

WTI: $85.92. Let's call it $86!

Thursday, April 4, 2024: 4 for the month; 4 for the quarter, 203 for the year
36083, conf, Hess, BB-Federal A-LS-151-95-1615H-10,

Wednesday, April 3, 2024: 3 for the month; 3 for the quarter, 202 for the year
36082, conf, Hess, BB-Federal A-LS-151-95-1615H-11,

RBN Energy: explaining the bump in heavier crude oil production in Texas, New Mexico, and North Dakota. Archived.

The Energy Information Administration (EIA) recently raised a few eyebrows across the energy industry with a report that producers in three key shale states — including Texas, the nation’s #1 oil producer — seem to be extracting larger amounts of “heavier” crude oil. Of course, the oil is only heavier relative to the light and superlight grades that have been produced in copious amounts since the dawn of the Shale Revolution. But these denser, lower-API volumes have recently helped drive growth in total crude output. In today’s RBN blog, we unpack what the EIA discussed in its writeup, explore some of the possible drivers behind the apparently heavier oil production, and discuss what it might mean for the domestic market.

Goldilocks -- No Hard Landing, No Soft Landing -- It Was A Touch And Go -- Only Question: Rate Of Climb -- Another Go-Around Or To Infinity And Beyond? April 3, 2024

Locator: 46901ECON.

1. Exhibit A, link here. And, here.


2. Exhibit B, link here.

3. Exhibit C, jobs:

4. Exhibit D, GDPNow:

5. Exhibit E, oil:

  • too expensive for Biden to refill
  • Mideast heating up -- that Israeli attack on Damascus consulate killing top three generals just beginnning to sink in
  • gasoline surging; summer driving season has not yet begun

6. Taiwan earthquake, transient effect on chips

  • less than 12 hours later, TSM surges

7. Bottom line, June, 2024:

  • US economy on fire
  • China becomes more and more irrelevant
  • no Fed cut in June; no Fed cut this year
  • Biden to tap SPR again this summer
  • WTI trends toward $90 and that could be way too cautious