Locator: 48270ISRAEL.
Updates
Original Post
It looks like Israel is getting serious.
Locator: 48269B.
The CLR Cuskelly / Thorvald wells are tracked here.
From today's daily activity report:
One producing well (a DUC) reported as completed:
The map:
From the NDIC website:
The scout tickets:
Locator: 48268US.
The US, for the first time, reaches $35 trillion in debt.
Story buried on business pages if reported at all.
Not talked about on CNBC.
Why not? Why is "nobody" talking about the US debt? Why does no one seem worried about US debt?
Question of the day.
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Corollary
Is US spending "doing anything" for quality of life? Since 1951?
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Maybe This Is Where We Need To Start
And then there's the "brand name." Certainly the "US brand" is worth a few trillion dollars. One wonders if the total worth of the United States includes the dozen or so old Apple computers stored in the garage and never used any more. Certainly they have some resale value. No?
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US GDPNow
July 26, 2024: 2.8% estimate for 3Q24.
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Comment
Maybe these are two questions that can be discussed some day.
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How Good We Have It
This is "the club" in Southlake, TX.
This is where Sophia is going this week for her chess camp.
Locator: 48266B.
Market: unless you've been adding to your technology position in the past six months, today's market action is absolutely awesome. What a huge buying opportunity. Things are starting to shake out. Things are starting to make sense.
Most surprising: BRK-B.
Copper: one of the most interesting stories right now?
Lessons learned: "we're" in the process of providing a "personal financial planning" for the two older granddaughters. Big, big change: no longer do I call it "retirement planning." I call it "financial independence (by age 57)."
Lessons learned: everyday I "study/review" math, vocabulary, and a multitude of other subjects with Sophia, age 10, going into fifth grade. My lessons learned:
AMD: one word. Wow! Folks might remember my thoughts on AMD about a year ago. Relative to Nvidia. After the earnings call, after-hours, AMD is up over $9 / share.
Intel:
Intel: this happened in the first month of the third quarter; damage will continue through the second month of the third quarter; we will see results 3Q24 and perhaps 4Q24 and perhaps full year 2024. This has the potential of being a bigger story than the CrowdStrike / Microsoft story. CrowdStrike after recovering a bit from the debacle, fell $25 today! Wow! Cathie Wood bought a huge position in CrowdStrike the day after the original sell off, immediately after the debacle. It looked like a great bet. It looks like she could have waited.
So, who makes chips that directly compete with Intel? AMD was one of the few tech companies that did well today after reporting earnings.
Nvidia: the "pain" has not quit. The stock price will continue to fall. -- Cramer. But Cramer has an interesting take on this. I agree. NVDA is up 121% from one full year.
Texas oil, a nice problem to have. Link here. In fifty years of following the oil industry, I've never seen this headline in this context. Wow.
In our backyard: The Thirsty Lion is our favorite restaurant -- but we seldom go any more. Eating out has simply become way too expensive.
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Back to the Bakken
WTI: $74.73.
Active rigs: 39.
Five new permits, #40978 - #40982, inclusive:
Four permits canceled:
One producing well (a DUC) reported as completed:
