Locator: 51143AI.
Headline: US files proposed deal with Keystone pipeline owner over 2022 Kansas rupture. When I click on the story, I'm hit with a paywall which I can't cross. So, with that information only, AI provides:
This speaks volumes about what one can do with AI.
On another note, there's another story here but I won't touch it.
Locator: 51142B.
PGA: Scottie Scheffler missed the cut today; won't be playing the Genesis Scottish Open this weekend.
FIFA: Spain defeated Belgium, 2 - 1. Spain advances to the quarter-finals, playing France, July 14, 2026. The last two games of the Round 16 will be played tomorrow, Saturday, July 11, 2026, link here.
Cramer: investing $1,000 in each of the FANG stocks in 2023/2024 would have returned $82,000.
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Back to the Bakken
WTI: $71.41.
Active rigs: 24.
One new permit:
Locator: 51141QUICKCONNECTS.
Alison's quick connects:
Locator: 51140MARKET.
After a lackluster morning, and much negative, the major indices change at mid-day. Looking better.
Near the close:
AVGO turned positive.
AAPL still negative but has come off its lows. Later, near the close, AAPL turned green for the day. Trading at 315 it's only $2 from its all-time high.
WTI comes down a bit. Everything suggests investors / traders are more hopeful with regard to the Mideast. I'm not getting the feeling that Iran has yet followed through with major military response.
It seems SK Hynix WI is pulling tech back up. There is concern that SK HNIX (SKHYV) will take investor money from other tech. Surprisingly, the Dow is the big winner today despite SK HNIX being listed on the NASDAQ.
NVDA: up an astounding $8.00 but it's been a laggard; folks finally "getting it"?
Other tech in the red, but not bad.
SK HNIX WI trading at $170 (IPO priced at $150).
But there's no way the average US investor a) understands any of this; and, b) can put any value on these companies (appropriate P/E). This is all YOLO, FOMO, and MOJO. Talking heads talk like they really understand this.
Me? I'm really fascinated by what Apple is doing, along with QCOM and AVGO. A new CEO may change direction to some extent but Tim Cook who knows the "supply chain" will always be there to help the CEO. AVGO seems to be the favorite of the three (APPL, AVGO, QCOM). APPL is always "scary" around earnings time. QCOM has been incredibly volatile with regard to investor interest. My thoughts: these companies have a huge moat: cash-on-hand; cash flow; and huge market cap.
Rumors: META could spend $220 billion this year.
A talking head I trust on CNBC favors AMZN -- one of my three favorite companies to watch but not necessarily buying stock hand-over-fist.
"SpaceX stock is struggling" -- CNBC.
BRKB is down again today.
You can track all of Berkshire's real-time quarterly moves through the CNBC Berkshire Hathaway Portfolio Tracker or monitor the exact weights on the Slickcharts Berkshire Hathaway Holdings page.
BRKB:
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Disclaimer
Brief
Reminder
Briefly:
Locator: 51139B.
Schwab: this is where President Trump has a brokerage account. Link here.
Schwab, which has emerged as one of the Trumps’ go-to financial firms, is one of the major money managers at the center of that trading activity. Of the eight investment accounts detailed in Trump’s annual financial report, one managed by Schwab—identified only as “account no. 7”—held the most money, as measured by the minimum values assigned to each holding, and had among the highest volume of trades on or after the August court ruling. The $500-million ruling was in Trump's favor.
Market: yesterday the following were just some of the stocks that hit new 52-week highs -- CSX, Bank of New York Mellon, Marathon Petroleum.
Background? South Carolina National Guard suspends eight Apache helicopter pilots after low altitude fly-by over the weekend.
For the archives. This will end up being a non-story but it certainly makes the South Carolina National Guard look foolish. Pete Hegseth has weighed in on "x." Hegseth says this situation will be resolved quickly.
Soccer, FIFA, World Cup: finishing up the round of 16 on July 11. One game today; two games on the 11th. The quarter-finals start next week.
Market: tomorrow -- futures -- at 2:11 a.m. Friday, July 10, NASDAQ is down 100 points (inconsequential) but most tech companies are coming in negative in futures -- interestingly, Micro is an exception. After hours MU is up 1.1% and up a little more than $10. And that follow Thursday (yesterday) when Micron was up 4.5% and adding almost $43 per share.
The NATO summit: link here --
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Back to the Bakken
WTI: $72.27.
New wells reporting:
RBN Energy: deveolper continues pursuit of a Philadelphia-area LNG export terminal. Link here. Archived.
Developing more LNG export capacity in the Mid-Atlantic region would appear to make logistical sense, given its proximity to Marcellus/Utica production and easy access to all-important European markets. But physical constraints at the Cove Point LNG site in Maryland limit the potential for an expansion there, and efforts to advance projects along the Delaware River near Philadelphia have stalled out. Or have they? As we discuss in today’s RBN blog, Penn America Energy’s moribund plan for an LNG export terminal just downriver from The City of Brotherly Love seems to have gained new life with a new company name and a new site — in Eddystone Borough, PA.
Think back to just a couple of years ago, when the Biden administration’s “pause” on new Department of Energy (DOE) approvals and permits for exporting LNG to countries without Free Trade Agreements (FTAs) threw a wet blanket on what had been an on-fire market for new LNG export projects. During the pause, the pace of new Sales and Purchase Agreements (SPAs) slowed to a crawl, as did new-project announcements. All that changed early last year, when the Trump administration ended the pause and made clear it would do all it could to facilitate the development of new LNG export capacity.
Since then, nine projects have reached a final investment decision (FID): Woodside’s Louisiana LNG, another expansion at Cheniere Energy’s Corpus Christi LNG, VentureGlobal’s CP2 LNG Phase 1 (and, later, Phase 2), NextDecade Corp.’s Rio Grande LNG Train 4 (and then Train 5), Sempra’s Port Arthur LNG Phase 2, Catarus Energy’s Commonwealth LNG, and — most recently —Delfin FLNG, which will be the U.S.’s first floating LNG export facility. Together, these projects will add just over 80 million tons per annum (MMtpa) of LNG export capacity, or about 11 Bcf/d, by the early 2030s.
Just as there are concerns that the ongoing buildout of data centers may leave the U.S. with a big surplus of “compute” capacity for AI, there are worries that too much LNG export capacity is being added and that markets in Europe, Asia and elsewhere will not be able to absorb all the LNG the new terminals will be capable of sending out. But that hasn’t stopped developers from planning still more LNG export capacity — for example, Glenfarne Group may be nearing FID on its Texas LNG project in Brownsville, TX, Cheniere and VentureGlobal are considering possible expansions and, as we will discuss today, the developer of a long-planned LNG export terminal near Philadelphia apparently “won’t back down” in its efforts to get its project sited and built.
When we last blogged about a possible Philly-area project back in 2022, the developer was named Penn America Energy LLC and was considering four possible sites along the Delaware River. Our thought at the time was that it would likely pick one in Marcus Hook, PA, which is already the site of an Energy Transfer marine terminal that (among other things) exports LPG and ethane. However, Penn America tried to locate the project in nearby Chester, PA, and encountered strong local opposition; the Biden-era pause also set back the company’s push to secure long-term offtake deals to underpin the multibillion-dollar project.
More recently, right-to-know (RTK) requests and related efforts by Delaware Riverkeeper, a regional environmental group, indicated that Penn America’s development team has rebranded itself as Eddystone Energy LLC and is working to win over state and local support for a project called Eddystone LNG in Eddystone Borough, a tiny riverfront municipality (1.5 square miles, 2,500 people) just northeast of Chester and a couple of miles southwest of Philadelphia International Airport. Despite its small size, Eddystone in the early 1900s was the home of the world’s largest steam locomotive manufacturing plant and, during World War I, the largest rifle-making factory in the U.S. Oh, and Jennifer Aniston lived in the borough briefly in her. youth and attended Eddystone Elementary School.