Ovintiv, Dividends, Olympics, Mental Health Day, And All That Jazz -- July 27, 2021

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. 

Ovintiv, 2Q21 earnings; link here:

• increasing free cash flow;
• paying off debt;
• strat plan based on $50-oil and $2.75 natural gas
• 50% increase in quarterly dividend payment; 56 cents / share annualized;

Investing for dividends:

• Motley Fool: three to buy if "the market crashes"; link here; two of the three:
• AbbVie
• EPD
• the best risk-reward plays in oil, link to Alex Kimani;
• number one: ENB
• number two: EPD
• number three: PSXP / PSX
• others:
• MPLX LP
• Rattler Midstream LP
• other MLPs:
• Plains All American Pipeline, LP
• Plains GP Holdings, LP
• Magellan Midstream Partners, LP
• Kinder Morgan, Inc (KMI)
• The Williams Companies (WMB)

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. 

Olympics TV ratings, headlines; not selected by me; top hits from a google search:

• Tokyo Olympics ratings a bust for NBC, a boost for streaming -- Los Angeles Times:
• Olympic ratings plunge and star athlete stumbles heat up NBC's make-good talks with advertisers -- Variety;
• NBC's streaming service Peacock slammed over its Olympics coverage -- New York Post;

Can you imagine Tom Brady having a bad first quarter in a Super Bowl, taking himself out of the game, saying his mind was not in it?

Covid-19:

• the administration seems to be in panic mode; not sure if it's real or simply a "thing"; I really have no idea; but the numbers were really, really poor the past two days;
• Mondays and Tuesdays are always bad, but this week -- yesterday and today -- were particularly bad;
• biggest mistake in trying to get folks to get their immunizations: telling folks who are already fully vaccinated need to go back to indoor masking and the possibility of new lockdowns are back on the table; so, the cynics and under-educated will say, "why get vaccinated." 
• all we hear is that even the vaccinated will "get" the delta virus; so again, why get vaccinated?
  

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Brotherly Love

Pad Fire Near Keene -- Update -- Still Burning -- July 27, 2021

Updates

August 3, 2021, 1:06 a.m.: update; it's still burning.

August 2, 2021: no updates available following a google search.

Original Post 

From a reader, thank you very much.

See these two posts for the original story:

• the pad fire;
• the map;

Now the update from KXNET news:

• nearly five days, still burning;
• contained; no fire off the pad;
• site is on the Little Missouri National Grassland
• a Petro-Hunt well pad;
• barriers posted on 103 V Avenue and 47th M Street NW

The well is said to be "north of Charlson, North Dakota."

Google maps:

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Brassed Off

Related:

• Interview with Stephen Tompkinson;
• 21st anniversary; Royal Albert Hall;
• short tribute to Peter Postlethwaite;
• Pete Postlethwaite: a tribute;

Four New Permits; Nine Permits Renewed; And Four CLR DUCs Reported As Completed -- July 27, 2021

Finally, we get the answer. The NDIC may have posted this some time ago; if so I missed it. 

But now we know.

From the NDIC, link here:

Data Services Notification:

As we upgrade our internal reporting & database tools which send data to the website some Oil and Gas Division data is temporarily out-of-date.
Data is accurate up to July 14, 2021. Check this alert for news on when services are whole. Questions can be emailed to oilandgasinfo@nd.gov.

Active rigs:

$71.65	7/27/2021	07/27/2020	07/27/2019	07/27/2018	07/27/2017
Active Rigs	23	12	59	62	60

Four new permits, #38444 - #38447, inclusive:

• Operator: RimRock Oil & Gas (3): Eagle Operating
• Fields: Twin Buttes (Dunn); Great Northern (Bottineau)
• Comments:
• Eagle Operating with a permit for a well in Bottineau County, SWNW 20-160-83; the well will be sited 2135' FNL and 505' FWL
• RimRock has permits for the following wells:
• Fundmentally 15-14H, Basically 15-14TFH, and Essentially 15-14H, all in SWSE 14-147-92; the three wells will be sited 498' FSl and 2068' FEL; 523' FSL and 2084' FEL; and, 608 FSL and 2135" FEL;

Thirteen wells in Divide County were transferred from Petro-Hunt to Resource Energy Can-AM, one file #15761, but the others all in the 21XXX to 25XXX range.

Nine permits renewed:

• BR (6): three Morganfill permits and three Kirklandfill permits, all in McKenzie County
• XTO: a Harley Federal permit in McKenzie County;
• Liberty Resources: a Holmen permit in Burke County;
• Equinor: a Lucy Hanson permit in Williams County

Four producing wells (DUCs) reported as completed:

• 36801, drl/NC, CLR, Alpha 6-14HSL, NESW 14-152-100, Camp, no production data,
• 36802, drl/NC, CLR, Florida Federal 6-11HSL, NESW 14-152-100, Camp, no production data,
• 32475, drl/NC, CLR, Alpha 7-14H1, NESW 14-152-100, Camp, no production data,
• 37502, loc/NC, CLR, Miles 14-6HSL, SENE 6-150-96, Dimmick Lake, no production data,

AAPL -- June, 2021, Quarter

BREAKING: after-hours, AAPL is down $6/share after earnings announcement. There are reasons why AAPL is down this much. This is shocking when looking at the earning report. Apple won't give guidance but they do comment on what they expect in next quarter (sounds like guidance): quarter-over-quarter, the  growth rate will drop. Component constraints will be severe in the September quarter but by the December quarter they should be "back to normal." The buzz phrase: "sequential decline in margins." AAPL is a $138 stock. 

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. 

Earnings:

Earnings:

AAPL: huge beat:

• at the close: $146.77; down $2.22; down 1.49%
• eps: $1.30 vs $1.01
  
• rev: $81.4 billion  estimates: $73.8 billion
  
• comments:
• beat on top line, bottom line, and every line in between (each product line)
  
• iPhones $39.57 billion vs $34.5 billion (this is the number most watched buy folks who do not understand Apple)
• services revenue: $17.49 billion vs $16.3 billion expected
  
• after announcement; stock hardly moves; can you imagine how far this stock would have fallen had this earnings report missed expectations? wow?
  
• wow; super-cycle playing out even more strongly than expected; in six to nine months, a $3 trillion company
• one analyst: share price up another 15% before the end of the year; $150 x 1.15 = $175
  
• on-going chip shortage; affected Mac ad iPad
• iPad beat estimatges but not by much;
  
• gross margins; 43.3% vs 41.9% 
• cash on hand: $190.64
• $2.449 trillion / $146 = 16.78 billion outstanding shares 
• official: 16.69 billion shares
  
• $3 trillion / 16.69 billion = $180/share

In a few minutes, analysis over at CNBC's "Fast Money" by analyst and panel:

• iPhone 12: double-digit growth by both:
• Android switchers; and,
• current Apple iPhone users and owners
• Gene Munster:
• stock and the business
• impressive beat
• bingo word of the day: sustainability
• each time Apple has a great quarter, investors ask how long this "greatness" will last;
• Apple tapping into new massive markets: transportation; health and medicine:
• next year of two: $200-stock
• but could become much bigger
• half their earnings, maybe more, from their services (sustainability)
• hardware multiple: ?
  
• software multiple: ?
• estimate: $7/share earnings next year
• a P/E of 28 - 30 puts AAPL at $200/share
• double-digit growth in iPhone 12 growth --- folks are missing how big a deal this is;

Big Earnings Announcements After Hours -- Tuesday, July 27, 2021

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. 

Earnings:

• AAPL: huge beat:
  
• at the close: $146.77; down $2.22; down 1.49%
• eps: $1.30 vs $1.01
  
• rev: $81 billion  estimates: $73 billion
  
• comments:
• beat on top line, bottom line, and every line in between (each product line)
  
• iPhones $39.57 billion vs $34 Billion
• after announcement; stock hardly moves; can you imagine how far this stock would have fallen had this earnings report missed expectations? wow?
  
• wow; super-cycle playing out even stronger than expected; in six to nine months, a $3 trillion company
• one analyst: share price up another 15% before the end of the year; $150 x 1.15 = $175
  
• on-going chip shortage; affected Mac ad iPad
• iPad beat estimatges but not by much;
  
• gross margins; 43.3% vs 41.9% 
• cash on hand: $190.64
• $2.449 trillion / $146 = 16.78 billion outstanding shares 
• official: 16.69 billion shares
  
• $3 trillion / 16.69 billion = $180/share
  
• MSFT: beats
• at the close: $286.54; down $2.51; down 0.987%
• eps: $2.17 vs $1.92
• rev:
• comments: MSFT drops on earnings;
  
• after announcement: down 3%; down $8.60;
• VISA: huge beat:
  
• at the close: $250.19; down 6 cents; down 0.02%
• eps: $1.49 vs $1.35
  
• rev: $6.13 billion vs $5.88 billion
  
• comments:
• after announcement:
  
• GOOG: huge beat: actually, quite incredible;
  
• at the close: $2,735.93, down $56.96; down 2.04%
• eps: $27.26 vs $19.34
  
• rev: $61.88 billion vs $56.16 billion
  
• comments: well above estimates: the revenue number well above what analysts expected; analysts stunned; stock will jump tomorrow;
  
• after announcement: up $69; up 2.4%; trading at $2,796
  
• SBUX: beats across the board; strong report 
• at the close: $126.03; down 3 cents; down 0.02%
• eps: $1.01 vs 78 cents;
• rev: $7.50 billion vs $7.29 billion
• comments:
• after announcement: down 2%; down $2.53;
• Mattel: beat
  

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.