Dewali -- October 31, 2024

Locator: 48685DIWALI.

Hindi festival of lights.

We always look forward to this festival. 

And, with regard to the school calendar and the festival, the local school district is either very, very clever .... or purely coincidental. But I highly doubt the latter. I think the school district is being very, very clever.

We live in a very, very conservative part of the DFW metropolis. Dallas is blue, Ft Worth is purple, and the north side of Ft Worth where we are is very red. The administrators and officials of the local public schools have a lot of issues to navigate, including how to handle religious holidays.

Diwali is a moveable feast occurring this time of year, sometimes early, sometimes later, coming close to overlapping with Christmas. It is generally celebrated for five days but can be celebrated as little as one day depending on the calendar. I've always considered it a five-day celebration and my hunch is that the local Hindus celebrate it as long as possible.

Diwali this year is very, short in duration, lasting just over 24 hours. It started this morning, Thursday, Halloween and will end tomorrow morning, Friday, 

But, look at this! Next week, Sophia gets Monday and Tuesday off from school. A four-day weekend which just happens to coincide with Diwali! 

And this is what makes me think the school district is so clever. There are a number of Indian students that attend the local public schools but not all folks might think it appropriate to celebrate a Hindi festival. So, to avoid controversy, the school district scheduled Monday and Tuesday next week as teacher continuing education / workshop days. The kids have the four-day weekend and the teachers get the mandatory continuing education required by the state.

Again, perhaps it's just coincidental. I really don't know, but it sure makes me wonder.

Cramer's First Hour, Part 1 -- October 31, 2024

Locator: 48684CRAMER.

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

Zuckerberg vs Gates: at this "stage" in his life, Mark Zuckerberg seems so much "smarter" than Bill Gates when the latter was at the same stage in his life. This suggests to me that Zuckerberg has a lot more room to grow .... exponentially.  

Starbucks: among the companies that are going to get a lot of attention between now and the end of 2025, Starbucks may be the most interesting. 

So many stories out there right now regarding Starbucks, and generally none of them very favorable to the company. Another headline story how Starbucks hopes to win back some customers. Eighty cents for cream for one's coffee -- remember, a senior coffee at some participaing McDonald's is about 79 cents, but that was awhile ago; not sure what the price might be now. Regardless, a "senior" coffee is not a company policy; local franchises may off it, however.

Apple / AAPL: Cramer anticipates that Apple will "miss" when the company reports earnings after market close.

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Disclaimer
Brief 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 something appears wrong, it probably is. Feel free to fact check everything.
  
• 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.
• Longer version here.

A COP Heiress Who Received $100,000 In Dividends Last Quarter, Will Get $134,000 In Dividends This Quarter -- That Should Cover 3% Inflation Concerns -- Thursday, October 31, 2024

Locator: 48683B.

Comcast: considers spinning off cable networks.

COP: raises dividend by 34%.

US economy, link here:

With another solid performance in the third quarter, the U.S. has grown 2.7% over the past year. It is outrunning every other major developed economy, not to mention its own historical growth rate.

More impressive than the rate of growth is its quality. This growth didn’t come solely from using up finite supplies of labor and other resources, which could fuel inflation. Instead, it came from making people and businesses more productive.

This combination, if sustained, will be a wind at the back of the next president. Three of the past four newcomers to the White House took office in or around a recession (the exception was Donald Trump, in 2017), which consumed much of their first-term agenda. The next president should be free of that burden.

Meanwhile, higher productivity growth should make the economy a bit less prone to inflation, more capable of sustaining budget deficits, and more likely to deliver strong wages. All would be a boon to President Trump or President Kamala Harris.

To describe this economy as remarkable would strike most Americans as confusing, if not insulting. In the latest WSJ poll, 62% of respondents rated the economy as “not so good” or “poor,” which explains the lack of any political dividend for President Biden. There are many reasons for the disconnect, most important the high inflation of 2021-23, whose effects still linger.

And then this, Goldilocks:

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Back to the Bakken

WTI: $69.19.

Friday, November 1, 2024: 3 for the month; 63 for the quarter, 577 for the year

• 40293, conf, Grayson Mill, Hovland 26-35 5H,
• 40291, conf, Grayson Mill, Hovland 26-35 XW 1H,
• 40246, conf, Empire North Dakota LLC, Pike 32-6 1H,

Thursday, October 31, 2024: 60 for the month; 60 for the quarter, 574 for the year
None.

RBN Energy: BridgeTex on track to be the last Permian-to-Houston Pipe to fill up.

Permian producers have enjoyed an abundance of outbound options since the pandemic, with egress capacity surpassing production. While a significant amount of capacity remains available, not all routes have proven equal in the eyes of the market, with Corpus Christi and Houston the most sought-after destinations for Permian crude. In today’s RBN blog, we’ll explore why ONEOK’s BridgeTex Pipeline is the only conduit serving the Houston market that still has room to take on additional volumes — although it appears to be quickly nearing full capacity.

Dodgers: Biggest MLB Comeback To Clinch The Series -- The Dodgers Were Down 5 - 0 In The Fifth; Down 1 In The Eighth Before The Tying Run And Then The Winning Run -- October 30, 2024

Locator: 48682SPORTS.

Silver Hill Energy With Three New Permits; Oasis Reports Two Completed DUCs -- October 30, 2024

Locator: 48681B.

WTI: $68.85.

Active rigs: 40.

Three new permits, #41294 - #41296, inclusive:

• Operator: Silver Hill Energy
• Field: White Earth (Mountrail)
• Comments:
• Silver Hill Energy has permits for three wells, NWSW 35-158-94, to be sited:
• Double-R Sarah, 1791 FSL and 502 FWL
• Double-R Paige, 1756 FSL and 502 FWL,
• Double-R Leah, 1721 FSL and 502 FWL,

Three permits renewed:

• MRO (2): Levi USA and Kottke USA, Lost Bridge, Dunn County;
• Slawson, Magnum, Baker, McKenzi

Two producing wells (DUCs) reported as completed:

• 40417, 969, Oasis, Fossum 5301 43-35 3B, Indian Hill, npd,
• 40418, 1,017, Oasis, Fossum 5301 43-35 4B, Indian Hill, npd, 

Well of interest:

• 19324, IA/674, Oasis, Fossum 15-35H, Indian Hill, t11/10; cum 233K 1/24;