Tuesday, September 3, 2024

Cramer's First Hour -- September 3, 2024

Locator: 48522CRAMER.

Cramer's first hour: a mix of fact, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC.  

Boeing: very, very challenged; Cramer doesn't understand why folks are so bullish on Boeing. The argument that there are only two aircraft manufacturers "doesn't hold water."

Intel (INTC): lots of discussion -- says Intel in big trouble. Interestingly, AMD and XLNX mentioned numerous times (positively). Cramer: to call Intel "problematic" is too optimistic. At the open, down another 5%; now down about 4% -- ten minutes into trading.

Cramer may need to assemble a list of companies with balance sheet problems -- Carl. 

DIS: wow, now trading below $90. 

GDPNow, 3Q24, link here:

***********************************
Disclaimer
Briefly 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. 
  • Reminder: I am inappropriately exuberant about the US economy and the US market.
  • I am also inappropriately exuberant about all things Apple. 
  • And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. 

Taco Tuesday -- September 3, 2024

Locator: 48521B.

WTI: $72.33.

Tuesday, September 3, 2024: 6 for the month; 136 for the quarter, 460 for the year
40490, conf, CLR, Roadrunner 4-15HSL,

Monday, September 2, 2024: 5 for the month; 135 for the quarter, 459 for the year
40478, conf, CLR, Clover 6-10H,
40459, conf, Slawson, SnakeEyes 7-30-29TFH,
37581, conf, BR, Croff 2A MBH,

Sunday, September 1, 2024: 2 for the month; 132 for the quarter, 456 for the year
40477, conf,  CLR, Clover 5-10H,
40460, conf, Slawson, SnakeEyes 6-20-29H,

Saturday, August 31, 2024: 74 for the month; 130 for the quarter, 454 for the year
None.

RBN Energy: Gulf coast export terminals vie for NGL and crude oil market share.

Over the past decade, the only significant growth market for U.S. crude oil and NGLs has been exports, with over 90% departing from the Gulf Coast. Exports via Gulf of Mexico ports have surged from about 1 MMb/d in 2016 to over 6 MMb/d last year. Great news for PADD 3 export facilities, right? Well, it’s not that simple. The distribution of barrels has been wildly uneven, resulting in significant winners, forlorn losers, and everything in between. And export volumes are still ramping up, as is the competition among marine terminals for crude and NGL export market share, with far-reaching consequences for producers, midstreamers and exporters. This is one of the core themes at our upcoming NACON conference, which is all about PADD 3 North American Crude Oil & NGLs and scheduled for October 24 at the Royal Sonesta Hotel in Houston. In today’s RBN blog, we’ll delve into the highly competitive liquids export landscape, consider some of the important factors driving flows one way or the other, and — fair warning — slip in some subliminal advertising for the NACON event. 

In observance of Labor Day, we’ve given our writers a break and are revisiting a recently published blog on crude oil and NGL exports from the U.S. Gulf Coast. If you didn’t read it then, this is your opportunity to see what you missed!

Monday, September 2, 2024

A Five-Well Petro-Hunt Pad, The Zabolotny / State Wells, Little Knife, Billings County, Is Coming Off Confidential List This Next Week -- September 2, 2024

Locator: 48520PETROHUNT.

Link here.

Clearing Out The Inbox -- September 2, 2024

Locator: 48519ARCHIVES.

Stories I'll be interested in this week, or stories that simply caught my eye over the weekend.

The usual disclaimer applies and I can't guarantee the links all work; often for any number of reasons, links are wrong and/or are broken. 

The Fed:

  • the Fed may have reduced inflation even more than it intended; we've talked about this before. Link here.
  • Morgan Stanley saying the same thing, link here.

US gasoline prices

  • EIA says, adjusted for inflation, US gasoline prices are about $1.70 lower today vs twelve years ago!!! Link here.Thank you Harold Hamm and Joe Biden.

Intel (INTC):

  • the plan to save the company; comments are very, very helpful.  Link here.
  • the plan, Reuters; exclusive. Link here.
  • over at twitter, link here.
  • crash and burn! Badly designed chips or are they defective? Link here.
  • Intel says nothing to see here? LOL. Link here.

Portfoil Parrot: investing; twitter; new. Link here.

Nvidia (NVDA)

AI:

  • Apple, Johnny Evans. Link here.
  • Open AI user count soars as Apple and Nvidia want to invest. Link here.
  • Facebook's (META) Llama models are approaching 350 million downloads to date. Link here. IIRC, Mark Zuckerberg is the number 1 buyer of Nvidia's GPUs. Needs to be fact-checked.
  • Amazon turns to Anthropic's AI for Alexa revamp. Link here.
  • Barron's -- Apple, Nvidia may join Microsfot in funding Open AI, link here.

MSFT: its "recall uninstall option is just a bug. LOL. Link here.

Germany can't compete:

  • VW weighs first-ever Germany plant closure to cut costs, link here.
  • Dan Tsubouchi, link here.

Lucid:

Dollar General: consumers are "strapped," feeling the pain. Link here. But they can afford $100,000 EVs.

HEVs
:

  • the fake EVs. Simply ICE with a bit of a kick. Nothing more, nothing less. Link here.
  • sales. EIA. Link here.

ERCOT: Texas -- huge natural gas demand. LOL. Predicted.

Beth:

BRK: sells more BofA; has now cut state by nearly 15%. Link here.

NBC: with the Summer Olympics, "hit it out of the bullpark." Link here.

Investing: stock market returns after rate cuts; link here.

Caitlin Clark: WNBA Rookie of the Year; link here.

Taylor Swift: concert tickets, start at $2,220. Can go as high as $100,000. Link here.

World Heritage Sites: Frank Lloyd Wright, six across the US, including Taliesen E and Taliesen W. Link here.

Dinosaurs:

  • a new species? NY Times. Link here. Why it's important? Montana.
  • for Sophia: Gorgonopsia. Link here. Gorgons.

Debunked science: from The WSJ. And folks think Trump was wrong with regard to Covid. LOL.

Tax law: companies are reaping millions. Link here. Congress put the wrong date in the tax law and haven't been able to fix it for several  years, but to a dysfunctional Congress.

Parody: link here.

Three college football games over the weekend:

  • Colorado vs NDSU
  • Notre Dame vs Texas A&M
  • USC over LSU!!!

****************************
Katie Ledecky In Williston, North Dakota

Book tour. Signing. At the old Williston library. The line stretched for quite some distance out the front door. That library: one of my favorite spots when growing up in Williston. When I first saw it, I was amazed. I never knew there was anything like a public library and all those books.

The other woman in the picture is my sister, Karla. 

#3 among the Carl and Ruth Oksol siblings.

Going down the Katie Ledecky rabbit hole, I ran across this:

It's hard to believe, but our middle granddaughter will be starting her freshman year at the same university Katie Ledecky attends: Stanford University. School for Olivia starts in less than two weeks.

Initial Production For Wells Coming Off Confidential List This Next Week -- September 2, 2024

Locator: 48518WELLS.

The wells:

  • 40515, conf, CLR, Hartman 12-28H, Chimney Butte, npd,
  • 40325, conf, Petro-Hunt, Zabolotny 144-98-9C-4-3H, Little Knife, npd,
  • 40148, conf, KODA Resources, Amber 1402-3BH, Fertile Valley,

DateOil RunsMCF Sold
7-2024195626972
6-2024212835821
5-20242245111992
4-20242331410561
  • 40514, conf, CLR, Hartman 11-28H, Chimney Butte, npd,
  • 40326, conf, Petro-Hunt, State 144-98-16B-21-1H, Little Knife, npd,
  • 40203, conf, Petro-Hunt, Zabolotny 144-98-9C-4-2H, Little Knife, npd,
  • 40327, conf, Petro-Hunt, State 144-98-16B-21-2H, Little Knife, npd,
  • ` 37578, conf, BR, Mathistad 2B MTFH, Croff, npd,
  • 40481, conf, CLR, Roadrunner 7-15H, Murphy Creek, npd,
  • 40328, conf, Petro-Hunt, State 144-98-16A-21-3H, Little Knife, npd,
  • 40149, conf, KODA Resources, Amber 1435-2BH, Fertile Valley,
DateOil RunsMCF Sold
7-2024215517489
6-2024230526148
5-20241956110137
4-20242637212189
3-20246750
  • 40147, conf, KODA Resources, Amber 1402-3BH, Fertile Valley,
DateOil RunsMCF Sold
7-2024193346653
6-2024220866724
5-20242264313804
4-2024206689693
  • 40480, conf, CLR, Roadrunner 6-15H, Murphy Creek, npd,
  • 39543, conf, Grayson Mill Knight 35-26F 7TFH, Banks,
DateOil RunsMCF Sold
6-20241875667768
5-20243087198122
4-202454468130579
3-2024167746271
  • 39542, conf, Grayson Mill, Knight 35-26F 6H, Banks,
DateOil RunsMCF Sold
6-202431601100458
5-202442103122326
4-202463439164432
  • 39256, conf, Hess, SC-4WX-LW-153-98-3130H-1, Banks,
DateOil RunsMCF Sold
6-2024530584
5-20242209645369
4-20243103663878
3-20245376261432
  • 37579, conf, BR, Croff 2B MTFH, Croff, npd,
  • 40479, conf,  CLR, Roadrunner 5-15H, Murphy Creek, npd,
  • 40457, conf, Slawson, Nightmaker 6-17-8TFH, Big Bend, npd,
  • 37580, conf, BR, Mathistad 2A MTFH, Croff, npd,
  • 40458, conf, Slawson, Nightmaker 7-17-8TFH, Big Bend, npd,
  • 40417, conf, Oasis, Fossum 5301 43-35 3B, Indian Hill, npd,
  • 40490, conf, CLR, Roadrunner 4-15HSL, Murphy Creek, npd,
  • 40478, conf, CLR, Clover 6-10H, Murphy Creek, npd,
  • 40459, conf, Slawson, SnakeEyes 7-30-29TFH, Big Bend, npd,
  • 37581, conf, BR, Croff 2A MBH, Croff, npd,
  • 40477, conf,  CLR, Clover 5-10H, Murphy Creek, npd,
  • 40460, conf, Slawson, SnakeEyes 6-20-29H, Big Bend, npd,