Locator: 44564TheCoronation.
My first choice: BBC if I can find it.
You know, there's a British sports bar just down the street from where I live ... I wonder ....
Friday, May 5, 2023
PSA: Set Your Alarm And Turn On The Telly -- 5:00 A.M. May 6, 2023
WTI Surges -- No Back Story -- Simply What WTI Does -- May 5, 2023
Locator: 44564B.
Batalla de pueble: link here.
Couldn't resist. Sorry, not sorry. For those who care.
Katie Ledecky. 9-year streak ended. Macht nichts.
Paramount. February, 2023, was bad. May, 2023, was incredibly worse.
Apple earnings. A quarter never goes by that CNBC finds significant shortcomings. Despite incredible headwinds and major shifts in production sites, AAPL soundly beats expectations.
MacBook Air: being stockpiled for release as early as June 5, 2023. Link here.
US signal intelligence.
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Back to the Bakken
Active rigs: 41.
WTI: $70.37.
Natural gas:
Peter Zeihan newsletter.
Monday, May 8, 2023: 11 for the month; 63 for the quarter, 318 for the year
None.
Sunday, May 7, 2023: 11 for the month; 63 for the quarter, 318 for the year
31210, conf, BR, Gladstonoe 8-1-13MBH,
None.
Friday, May 5, 2023: 10 for the month; 62 for the quarter, 317 for the year
38774, conf, Whiting, Crane Creek Sstate 11-16-2TFH,
31258, conf, BR, Gladstone 7-1-13TFH,
RBN Energy: Canadian heavy oil prices increasingly align with other North American trading hubs.
In the past, Canadian heavy oil was all too often the sick man of the North American oil market. Plagued by a limited number of refinery outlets and numerous episodes of insufficient pipeline export capacity from Western Canada, it was often subject to far larger price discounts versus the light crude oil price benchmark of West Texas Intermediate (WTI) than was justified by quality and pipeline transportation costs alone. In the past few years, however, improved pipeline export capacity to and through the U.S. has expanded the number of refineries Canadian heavy oil can reach, and the expansion of crude oil export terminals along the Gulf Coast has resulted in greatly improved exposure for Canadian barrels to buyers in international markets. The end result has been a closer alignment of Canadian heavy oil pricing in its home base of Alberta with those in the Midwest and Gulf Coast.
The machinations of Western Canadian Select (WCS), the price benchmark for the region’s heavy oil production, remain a hot topic for the crude oil market and RBN blog readers. With more than 90% of Canada’s crude oil exports to the U.S. being heavy in nature — and typically linked to the WCS benchmark in some way — the price drivers of this closely watched price marker have affected billions of dollars in investment decisions from the production to the refining side of the business. They also generated an overt political response a few years ago in Alberta, home to the vast majority of Western Canada’s heavy oil production in the form of bitumen from the oil sands.
Thursday, May 4, 2023
Thursday: Apple, JP Morgan, Nvidia, United Healthcare, Walmart -- May 4, 2023
Locator: 44565TCM.
Updates
May 6, 2023: I didn't pay a whole of attention to this list when I posted this, but now that I have some time, this is my list -- the five companies in 2040 (ten years longer than the original post).
I need 1) retail (on-line and brick/mortar) for daily needs; 2) banking and investing; 3) transportation and energy; 4) mobile communication; and, 5) tech which supports 1 - 4.
- Amazon (retail on-line, streaming, cloud, discount brokerage)
- Walmart (retail brick and mortar, banking)
- CVX (energy)
- Apple (cellular, banking, discount brokerage)
- TSM (tech)
Original Post
Wow, wow, wow -- TCM is featuring Warner Bros movies this month.
And Warner Bros makes me think of Warner Bros Discovery and that leads me to thinking about investing opportunities.
Recessions? Stagflation? Banking crisis? LOL.
John Huston. Wiki. Wow.
Wine tastings should never be done without pairings with Kate Weiser chocolate. Another LOL.
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Pretty Blue Eyes
So much packed into this two-minute-twelve-second music video. So much.
This was my life. 1968. And, yes, there was a "pretty blue eyes" in my life.
An electrical storm to the northwest of us; may or may not pass over us later tonight. But an incredibly beautiful evening on the balcony.
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For The Archives
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The Experts
Comment -- May 4, 2023
Locator: 44564W.
Random comment:
- today, another headline -- the decrease in US diesel demand signals recession -- yeah, that's the headline.
- exactly how is that headline / interpretation / analysis / signal helpful for me as an investor?
- for the past ten years there have been predictions of stagflation, recessions, stock market collapse, and more recessions, more stagflation, and another stock market collapse, and the headlines continue; I can't say that any of those headlines ever helped me in my investing;
- interestingly I do not recall one headline in the past ten years that predicted that the Silicon Valley Bank would collapse; then the First Republic Bank would collapse; and, then the banks would continue to fall like dominoes, until we had a national banking crisis -- but I digress;
- now, we get headlines that this will be one of the worst hurricane seasons on record; again, how does this "headline" help me with my investing strategy; should I sell all my BRK shares since BRK is a big insurer? Should I sell all my XOM and COP and PSX shares knowing that hurricanes wipe out coastal refineries; should I buy shares of recreational companies that sell kayaks and canoes; honestly, now that I know this summer will be the worse hurricane season on record, I have no idea what I should do. I don't even know what "defensive" stocks would be appropriate in that scenario.
- all the predictions that China would collapse; that China would invade Taiwan; that the Chinese supply chain would cripple Apple; that Qualcom's awful earnings report was a harbinger to come for Apple, I suppose I should have sold all my Apple yesterday; today Apple reported one of its best January - March quarters ever; and announced a $90-billion share buyback and dividend program; and, then raised its dividend 4% which is almost insane considering Apple likes paying dividends as much as Warren Buffett likes paying dividends.
- AAPL surged after hours
- even the headline that Lordstown is on the verge of bankruptcy didn't help me; I don't invest in EVs
- anyway, enough of this, but before I go, a quick look at Drudge to see the next depressing headline:
- yeah, there it is. I can't make this stuff up. Should I sell all my shares in B** which I've had for forty years and those shares now hava a cost basis so low, it can no longer be calculated but it's paying a 5% dividend?
Another comment:
- even as we seem to be spiraling into a banking crisis of mega-proportions, the Fed sees "no problem" and continues raising "rates."
- I don't know about you, but I'm almost getting the feeling that this has become personal; a personal "fight" between JPow (Fed) and Janet Yellen (Treasury);
- I know nothing about economic politics and macroeconomics but this certainly has a "strange" feeling to it, what's going on in Washington right now.
- about the time the Fed started raising rates (and I was still watching CNBC), I got the feeling that JPow was personally angry about something -- I think I may have blogged that but I can't remember. But that feeling has returned; that JPow seems angry.
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