l EV headlines today: Ford to halt F-150 Lightning production as EV demand wanes. Better said, "... pause production...," not halt production. Slow sales force Stellantis to "hit brakes" on SUV production. Link here. This is the company that promised us a sub-$30,000 SUV sooner than later. That was about a year ago; haven't heard a thing since. Pausing production of the Durango and the Grand Cherokee. Ford took an early lead in EVs; now GM is surging. NY Times. Ford to halt production of F-150 Lightning EV pickup trucks for six weeks. Reuters. Ford CEO loves his Chinese EV. National Rev ..read more

Locator: 48686COP. COP: raises dividend by 34%. This is a bit ingenuous, I suppose.  The question, of course, is whether, the company continues to pay a VROC going forward. If not, the company can say they significantly increased its dividend and thus not have to raise the dividend for quite some time, and ... well, one gets the picture. This will be fascinating to watch.  From Business Insider: ConocoPhillips (COP) said its Board of Directors approved an increase to the company's existing share repurchase authorization by up to $20 billion. ConocoPhillips also declared a ..read more

Locator: 48685DIWALI. Hindi festival of lights. We always look forward to this festival.  And, with regard to the school calendar and the festival, the local school district is either very, very clever .... or purely coincidental. But I highly doubt the latter. I think the school district is being very, very clever. We live in a very, very conservative part of the DFW metropolis. Dallas is blue, Ft Worth is purple, and the north side of Ft Worth where we are is very red. The administrators and officials of the local public schools have a lot of issues to navigate, including how to h ..read more

Locator: 48684CRAMER. Cramer's first hour: a mix of facts, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC.   Zuckerberg vs Gates: at this "stage" in his life, Mark Zuckerberg seems so much "smarter" than Bill Gates when the latter was at the same stage in his life. This suggests to me that Zuckerberg has a lot more room to grow .... exponentially.  ********************************** Disclaimer Brief Reminder  I am inappropriately exuberant about the US economy and the US market. I am also inappropriately ex ..read more

l Comcast: considers spinning off cable networks. COP: raises dividend by 34%. US economy, link here: ******************************* Back to the Bakken WTI: $69.19. Friday, November 1, 2024: 3 for the month; 63 for the quarter, 577 for the year 40293, conf, Grayson Mill, Hovland 26-35 5H, 40291, conf, Grayson Mill, Hovland 26-35 XW 1H, 40246, conf, Empire North Dakota LLC, Pike 32-6 1H, Thursday, October 31, 2024: 60 for the month; 60 for the quarter, 574 for the year None. RBN Energy: BridgeTex on track to be the last Permian-to-Houston Pipe to fill up. Permian producers have enjoyed an ab ..read more

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Locator: 48681B. WTI: $68.85. Active rigs: 40. Three new permits, #41294 - #41296, inclusive: Operator: Silver Hill Energy Field: White Earth (Mountrail) Comments: Silver Hill Energy has permits for three wells, NWSW 35-158-94, to be sited: Double-R Sarah, 1791 FSL and 502 FWL Double-R Paige, 1756 FSL and 502 FWL, Double-R Leah, 1721 FSL and 502 FWL, Three permits renewed: MRO (2): Levi USA and Kottke USA, Lost Bridge, Dunn County; Slawson, Magnum, Baker, McKenzi Two producing wells (DUCs) reported as completed: 40417, 969, Oasis, Fossum 5301 43-35 3B, Indian Hill, npd, 40418 ..read more

 l Link here. http://milliondollarway.blogspot.com ..read more

Locator: 48679CRAMER. Cramer's first hour: a mix of facts, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC.   Another example of the "Nvidia revolution." Corning and ATT: $1 billion fiber deal ticker -- GLW: up 5% yesterday; one-year: 84% aggressive growth plan two largest fiber factories in the world are in North Carolina; also lowest cost; and both are owned by Corning; tariffs can only help them; tariffs won't hurt them physics: fiber beats satellite one single "piece" of paired fiber can match one satellite in te ..read more

Locator: 48678ECONOMY. Super Micro Computer: oh-oh Ernst and Young resigns as Super Micro's accounting firm shares down 31% at open accounting issues Cramer thinks it will get worse Economic numbers released this morning: "we're in a sweet spot." GDP, 3Q24, first read: 2.8% vs 3.15 forecast PCE price index ex-food, energy: 1.6% PCE price index: +1.5% core PCE: +2.2% blah, blah, blah there's people complaining about these numbers, really?  the Fed's favorite measure of inflation: core PCE which exludes  the difference between PCE and PCE price index: PCE is a measure of consum ..read more