Cleaning Out The In-Box --February 25, 2021

ATT -- Pay-TV: private-equity giant, TPG, to pay $1.8 billion for one-third interest in new DirecTV unit. Link to The WSJ.  A stand-alone company. Data points:

• ATT has been trying to sell this white elephant for years;
• ATT paid $66 billion for this albatross in 2015
• apparently six years later it's being valued at less than $6 billion
• shares of T pretty much unchanged

Minimum wage: $15 / hour apparently not in the Covid-19 stimulus bill.

Mr Potato Head neutered: now, simply, Potato Head. So, what’s Mrs Potato Head? Later: I'm wrong: the franchise / the box is now called "Potato Head." But the family will still include Mr Potato Head and Mrs Potato Head, Spud, and Yam. Link here.

The Meme For US Oil Companies For 2021: Free Cash Flow (FCF) -- February 25, 2021

FCF is the meme for US oil companies in 2021. 

Another example; note the sources:

The EIA Dashboards, February, 2021

Mano a mano: Bakken wells still exceed the Eagle Ford and Permian for crude oil. The Bakken exceeds the Permian, mana a mano, more than two to one.

EIA dashboards:

• EIA pdf, Bakken: https://www.eia.gov/petroleum/drilling/pdf/bakken.pdf
• EIA, pdf, Permian: https://www.eia.gov/petroleum/drilling/pdf/permian.pdf
• EIA, pdf, Eagle Ford: https://www.eia.gov/petroleum/drilling/pdf/eagleford.pdf

Apple News -- February 25, 2021

Portland, OR, next? Link here. 

Apple today indicated that its retail store at the MacArthur Center shopping mall in Norfolk, Virginia will be permanently closing after over 14 years of business, although an exact closure date has yet to be announced by the company. 

See also.

Texas - 5; California - 1: Target - Apple forming a wonderful future together. Link here.

Target today announced it is building on its long-standing partnership with Apple to include a new "enhanced Apple shopping experience" in its stores across the United States.

• T2180 (Monticello, MN)
• T0324 (San Jose, CA)
• T1397 (Oklahoma City, OK)
• T2516 (Allen, TX)
• T1766 (Hurst, TX) -- near Grapevine, TX
  
• T1797 (Austin, TX)
• T1032 (Irving, TX)
• T1354 (San Antonio, TX)
• T0687 (Gainesville, FL)
• T1790 (Orlando, FL)
• T1820 (Clearwater, FL)
• T2848 (Miami, FL)
• T1159 (North Wales, PA)
• T2764 (Newark, DE)
• T1266 (Woburn, MA)
• T1532 (Nashua, NH)
• T1915 (Latham, NY)

Back to the future: new MacBook Pro models to have HDMI port, SD card reader, and MagSafe (?). Link here. 

NDIC Daily Activity Report Not Posted Today -- February 25, 2021

Speaking of bonds:

Natural gas fill rate. Link here. 

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Back to the Bakken

Active rigs:

$63.28	2/25/2021	02/25/2020	02/25/2019	02/25/2018	02/25/2017
Active Rigs	15	49	66	57	40

No new permits.