Headlines -- November 16, 2023

Locator: 46077HEADLINES.     

Gaza: Israel says tunnel shaft found.

Deflation: the market's next worry. It will be interesting to see how folks explain budget deficits and huge government debts lead to deflation. I thought it all led to hyperinflation.

EVs: it's not gonna be easy. China's rapid EV transition puts VW on track for its worst local sales in years.

Bud: sales plunge; US marketing chief steps down; 

Market:

• NVDA in buy range?
• INTC jumps to 17-month high
• EV startup Lucid enters lucrative SUV market with $80,000 Gravity
• AAPL back over $190 -- even CNBC anchors seemed surprised
• media giants are still getting hammered by TV ad market declines
• MacBook Pro 14-inch M3 Pro review: the go-to workhorse. Link here.
  

But does Hyundai have Apple Car Play?

Copper? Has the energy transition hit a wall? 

So much more.

Off-shore wind, link here. 

Filler -- Apple And Southern California -- November 16, 2023

Locator: 46076APPLE.     

Apple: MacBook Pro 14-inch M3 Pro review: the go-to workhorse. Link here. 

The 14-inch MacBook Pro with M3 Pro has a much more reasonable footprint -- and price tag -- than its larger sibling, but where it sits in the lineup is unexpectedly complicated.

Apple's M2 series MacBook Pro hit shelves a mere ten months ago. Now here we are, not just with the M3, but the M3 Pro and M3 Max as well.

In the new lineup, Apple has officially killed off the 13-inch MacBook Pro, introducing a tweaked 14-inch MacBook Pro with the M3 chip on the low end, a more capable version of the 14-inch MacBook Pro in the middle, and of course the 16-inch MacBook Pro on the high end.

Here, we're looking specifically at that middle-tier 14-inch MacBook Pro with M3 Pro processor.

But still no luck replacing the Qualcomm 5G modem. Link here. And here.

DFW: link here.

Thanksgiving costs: much better than last year. Sounds transitory to me.

Wholesale prices, or what retailers pay turkey suppliers, for a typical 16-pound bird are down 32% for the first week of November compared with last year, according to the research firm Urner Barry. The average retail price for a 16-pound turkey is $27.35, down 5.6% from last year, according to the Farm Bureau.

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Tusk

Time for a musical interlude. 

Southern California.

Never get tired of this.

My alma mater.

It looks like this particular video has been cleaned up.

Case 30564, Slawson, Dockets -- December, 2023

Locator: 46075DOCKETS.    

From the December, 2023, hearing dockets:

Slawson, Big Bend oil field, Mountrail County:

• i) establish an overlapping 1600-acre unit: S/2 of the S/2 and lots 5, 6, 7, and 8 of section 9 and all of sections 16 and 21 - 152-91; two wells on that 1600-acre unit; and,
  
• ii) on each of two existing 1280-acre units, not less than four wells per spacing unit, one unit: sections 9 / 16 - 152-91; the other unit, sections 12 / 28 - 152-91;

The map:

Case 30589, Slawson -- December, 2023, Dockets

Locator: 46074DOCKETS.   

From the December, 2023, hearing dockets:

Slawson, Big Bend oil field, Mountrail County:

• i) on an existing 640-acre unit, section 22-152-91; not to exceed seven wells;
• ii) on an existing 1280-acre unit, sections 27 / 34 - 152-91, not to exceed nine wells;

Currently:

• four wells in the 640-acre unit, section 22-152-91; and,
• four wells in the 1280-acre unit, sections 27 / 34 - 152-91

640-acre spacing unit, section 22:

• 38727, n/d, Sauger Federal 4-22H, Van Hook, t10/22; cum 100K 9/23;
• 18717, 1,306, Sauger Federal 1-22H, Van Hook, t4/0; cum 4442K 9/23;
• 21039, 626, Sauger Federal 3-22H, Van Hook, t11/11; cum 275K 9/23;
• 20107, 1,060, Sauger Federal 2-22H, Van Hook, t11/11; cum 397K 9/23;

1280-acre spacing unit, sections 27 and 34:

• 38726, n/d, Cannonball Federal 1 SLH, Big Bend, t10/22; cum 128K 9/23;
• 18170, 1,382, Cannonball Federal 1-27-34H, Van Hook, t5/10; cum 526K 9/23; with recent jump in production;
• 21038, 454, Cannonball Federal 3-27-34H, Van Hook, t12/11; cum 592K 9/23;
• 20099, 1,080, Cannonball Federal 2-27-34H, Van Hook, t11/11; cum 439K 9/23; with recent jump in production;

The map:

Two New Permits; Thirteen Permits Renewed; Four DUCs Reported As Completed -- November 16, 2023

Personal investing: I have been overweight in "oil" for decades but starting about two years ago I started becoming very aggressive in "diversifying" my portfolio. 

For a period of time in the past two years, I put absolutely no new money into "oil." Now, some exceptions (some opportunities are just to good to ignore). But, having said that, when WTI plunged today I was not eager to check my portfolio. I was surprised to find that my portfolio slumped ... 0.000333 or 0.03% today. Absolutely inconsequential, and reassures me, that at least for the moment, I am well protected from huge losses in oil. But it does prove that one can pivot if one wants. But, wow, it was emotionally difficult. Did CNBC help? Definitely.

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Back to the Bakken

Active rigs: 36.

WTI: $73.20.

Two new permits, #40343 - #40344, inclusive:

• Operator: KODA Resources
• Field: Fertile Valley (Divide)
• Comments: KODA Resources has permits for two Stout wells, NWNE 22-160-102, to be sited 335 FNL with one well 1800 FEL and the other 1765 FEL

Thirteen permits renewed:

• CLR (10): four Lancaster, two Marlene, two Shroeder, and two Sacramento permits, in Brooklyn, Elk, and Stoneview oil fields, Williams and McKenzie counties
• Liberty Resources (2): a Christine permit and an LTM permits, Enget Lake (Mountrail County);
• BR: a Fritz Falls permit, Murphy Creek, Dunn County

Four producing wells (DUCs) reported as completed:

• 31231, 0, BR, Gladstone 4-1-13MBH,
• 38839, n/d, Enerplus, Hay Draw 148-97-27-34-7H,
• 39170, 947, WPX, Pennington 16-15HCL, Big Bend, the Pennington wells are tracked here.
  
• 39167, 768, WPX, Pennington 16-15-14HY, Big Bend, the Pennington wells are tracked here.