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Conference started yesterday. Namaste.
Yoga for roughnecks? How to know when an industry has lost its edge.
https://www.bloomberg.com/news/articles/2019-04-16/namaste-oil-drillers-yoga-mats-debut-at-texas-industry-meeting?srnd=premium
Zillow analytics on solar roof premium at sale. If true, it would make sense to install solar prior to sale especially in the most expensive markets. That would only work for out right purchase and install. I recall an article about escrow/transfer issues if the solar panels are leased.
https://www.zillow.com/research/solar-panels-house-sell-more-23798/
Thanks. Seems like a high barrier to overcome relative to edp-514 preclinical results.
NIO - Shining a light on JAC manufacturing partner and CEO's past hyperbolling to riches. Autoline had some nice things to say about their interior but the drivetrain is another matter apparently.
https://dailykanban.com/2019/02/junheng-li-nio-is-an-appetizing-opportunity-to-short/
I do mean HCV viral loads because I am not sure what analog to compare to otherwise. Sounds like that may not be valid? Is there an HBV nuke already on the market? Apologies for my ignorance.
Remind me of the decreases in viral load, in log scale, of the HCV nuc's that were cleared by FDA in currently available combos.
LOL. I suppose Russians should immediately export cars to the US.
Toyota got the same shrug years ago. Then Hyundai took their turn at being snubbed. BYD is probably next. The question will be whether Chinese ICE cars makes it here before EVs.
Wind projects. Updated maps at bottom.
https://nawindpower.com/awea-u-s-wind-grew-8-last-year-with-texas-leading-the-way
Direct EV subsidies in China is being withdrawn in favor of charging infrastructure. BYD buses sold in the US are built in US factory. Regarding licence plate auctions - that is the way it is rationed in all crowded big asian cities with decent public transportation. Hong Kong, Singapore, Jakarta, etc... All of which would be parking lots if not for ownership restrictions. NYC's implementation of congestion pricing is another approach and they should adopt that in LA and SF.
BYD should be welcomed in the US if they have manufacturing here as well like other automakers.
BYDDF - Nice article about their history and how they got into EVs in China. There was a passage about how the CEO bought a new shirt from a street vendor just before a PR/business meeting to spiff up. No wonder Warren Buffet likes him. :-}
https://www.bloomberg.com/news/features/2019-04-16/the-world-s-biggest-electric-vehicle-company-looks-nothing-like-tesla?srnd=hyperdrive
Thanks. Have they given any indication for timing of IND filing?
Do you have a link to edp-514 abstract at EASL? TIA if so.
The reporter is equating paper applications with China's government with actual businesses. The number of actual startups really seriously thinking of going beyond a place holder are probably in the single digits when you consider the amount of money needed to manufacture. So those with $ backing from Tencent (NIO), Alibaba, Bidu, Didi/BAIC etc... will try. In addition to existing ICE makers, BYD and tesla. I still don't have clarity on NIO's purportedly superior business model (outsourced manufacturing) results in higher cash burn with high sales. Half a billion usd per quarter and going up and CEO announced recently they will defer building their own factory.
TSLA/Waymo/GMcruise - MIT AI media lab head one on one interview with Musk about the current state of affairs in self driving AI. Lots of interesting comments. MIT has no collaboration or funding with Tesla as of now. One eye opener to me was MIT's Fridman put down of Waymo effort. I get the sense that he is skeptical of Musk high level of confidence in making all the leaps necessary for full autonomy by 2020 "at the latest".
I don't make fun of them because I am used to seeing computer models that have all the physics right come up with bad forecasts. Because of compromises needed to fit the models into limited elements. There is never enough details included assuming you know the details in the first place.
Watch the climate models now. They were never intended to capture glacial mass balance and flows. There seems to be a rude awakening now wrt to antarctica. Greenland, we already know about (and not from computer models).
APC seems much more comfortable with risk taking. My first and only encounter with them was Algeria when Sonatrach offered blocks. Their aggressiveness made an impression given the state of affairs in Algeria at the time. Beheadings with results lined up on road sides as an example.
ICE-EV cross over point shrinks 2 years per year of forecasting. If this keeps up, we will be there next year. Went suv shopping with a close friend recently and IMO it is close for mid range suv if one wants all the tech/safety features plus premium interior. Probably parity if one considers maintenance and gas cost and keeps the car a long time. He ended up getting a 3 year lease on an ICE and will decide at that point whether EV is the better way to go. For the luxury segment, crossover has been here already. The number of new tesla M3 keeps increasing in our city. I hardly see brand new mid range beemers or mercedes sedans anymore. The new beemers and mercedes I do see tend to be the highest end sports coupes, bwm8 or amg. Notice more Maserati sedans and a sprinkling of bentleys.
https://www.bloomberg.com/opinion/articles/2019-04-12/electric-vehicle-battery-shrinks-and-so-does-the-total-cost?utm_content=view&utm_campaign=socialflow-organic&utm_medium=social&utm_source=twitter&cmpid%3D=socialflow-twitter-view
BMW - grappling with end of ICE.
https://www.bloomberg.com/features/2019-bmw-electric-car-german-engines/?srnd=businessweek-v2
"Remote" gas resources are discounted heavily because of the high capital cost for LNG conversion and the process of selling the gas before anything gets done. India will be the main market as that is not too remote. Chevron has the skill and experience from WAPET so that should be duck soup to further develop.
WES provides gas handling infrastructure for what they want to do in Permian so that is good fit.
Ghana is Africa analog to offshore Guyana and Cvx already has extensive staff close by in angola and nigeria.
Algeria will probably be sold to interested parties. Top suspects are TOT, Repsol and ENI. IMO GOM assets will need to be rationalised too.
Pretty good fit with some overlap in DW-GOM. Have always thought they would be taken out and cvx was the most obvious hunter. OXY must be lacking gas infrastructure.
Slide 12 is where the upside is. I was looking at WES following the posts wrt WSJ article about increasing GOR. It looked attractive to me but hadn't pulled the trigger yet. Oh well. 2 days too late.
CVX takes out APC - updating the list from a few years ago.
>>>>>>>>>>>>>>updated<<<<<<<<<<<<<<<<<<
Elephant hunters besides XOM, my guesses ;
1. cnpc (move to longshots because of China policy direction)
2. cvx (buys apc)
3. rds - BGgroup
4. sinopec (move to longshots because of China policy direction)
5. cnooc
6 tot
7. equinor, lukoil, repsol, eni, bp, cnpc, cnooc (longshots)
targets not mentioned in original thread post
ENI (moved up to longshot acquirer)
COP
APA
APC (taken out by cvx)
EOG (added)
PXD (added)
HES (added)
CHK
OXY
ECA
Woodside ASE:WPL
SU
CNQ
IMO (XOM buy out the rest of it, less likely given RDS moves)
PT Pertamina getting into the act too with battery manufacturing for EVs.
https://www.bloomberg.com/news/articles/2019-04-09/indonesia-chases-volvo-renault-investment-in-electric-vehicles?srnd=premium
Another protein alternative with earthy taste gaining an American following. At least you know what you are eating. Lots of food news lately. There was also an article on Hormel winning dismissal of a lawsuit about deceptive advertising about their "meat" products.
https://www.bloomberg.com/news/articles/2019-04-10/toasty-salty-and-extra-crunchy-grasshoppers-hop-to-a-menu-near-you?srnd=premium
GOOG - the monetization of MAPS slowly ramps. Personally, that's the most used software after Chrome and Android.
https://www.bloomberg.com/news/articles/2019-04-10/google-flips-the-switch-on-its-next-big-money-maker-maps?srnd=premium
addendum - forgot to mention Windows 10 OS. Tells you how msft has become an after thought even though laptop is on half the day. Half the family belongs to Apple.
I have found one vegan loaf (mushrooms and nuts) that taste good and meaty. Otherwise please just give me the real thing. NPR had a segment on the whopper this week and it was entertaining to hear the reporter's reaction as she was tasting it.
https://www.tastingtable.com/cook/recipes/vegetarian-mushroom-meat-loaf-recipe
Had the GOR units wrong. Should all be scf/bbl instead of mcf/bbl. I am getting rusty.
Those numbers look pretty normal to me. It is creating a headache due to lack of gas handling infrastructure. Not because we are running out of the stuff yet.
thx. can you put the GOR breakdown here if it is not too much work.
No longer subscribe so I have to guess what the journalist is reporting.
From an engineering standpoint, that happens because of the differential liberation process and relative permeability to liquids vs gas as gas saturation goes up with pressure decline. So this happens with conventional reservoirs as well if pressure is allowed to drop below "bubble" point. Another reason why IMO they need to do what DNR and OXY are doing wrt eor.
A second reason that wsj may be looking at is that the oilier resources are being drilled up. So the companies with the good land positions hold the cards. cvx xom eca etc....
I looked at this when prices crashed in 2016 and Bakken GOR was already in the 4000 mcf/bbl range. Permian was half that. What are they now? Did article have any tables and figures breaking those down?
PS should mention that Bakken reservoir conditions are fundamentally different than Permian. Bakken is essentially gas condensate at reservoir conditions while permain stuff is oil.
TRXC/ISRG - head to head comparison data between Senhance and Da Vinci Xi. I am shocked about how much better Senhance did in the case series submitted to FDA for clearance (complications, length of hospital stay) because the Da Vinci surgeons presumably has lots of procedures already under their belts using the older Si system compared to Senhance users who included learning curve cases. See Table 4 in first link.
Senhance label expansion 510K data. (table 3 and 4)
https://www.accessdata.fda.gov/cdrh_docs/pdf18/K180163.pdf
Da Vinci Xi 510K data.
https://www.accessdata.fda.gov/cdrh_docs/pdf17/K170713.pdf
HAIR - Outsourcing of robotic arm manufacturing to Kuka AG. That coincided with a bounce from recent lows. I noticed that latest videos of the system in action at cosmetic surgery shows have already incorporated Kuka arms. Now it is official.
https://www.kuka.com/en-de/press/news/2019/03/medical-robotics-contract-from-restoration-robotics-inc
The damage to Venezuela Orinoco operations from power failures will take months to fix. Many pipes have congealed tar that will take lots of work to repair. This will also cause efficiency loses to field operations since thermal operations are rate dependent (ie high the rate the more efficient - less heat losses). Latest production is around half of what it was prior to outages. The SA bond offering reveal details that IMO indicate Aramco production will not replace production restrictions from sanctions and natural decline from conventional reservoirs in other major producing regions. This is the chance for Alberta to grab market share aggressively.
I doubt anybody here knows better than you regarding the space. I would like to understand better the impact of the shift towards renewables on agriculture. For example, the spread of desert agriculture.
Information Tech education funding model.
https://www.bloomberg.com/opinion/articles/2019-04-04/lambda-school-is-pay-as-you-earn-model-the-future-of-education?srnd=opinion
First order effects are happening now in the countries that chief climate change denier Trump is complaining about. Companies that can capture moisture and convert it into irrigation will do well. It's a double whammy for those farmers. They have to switch to low yielding crops and their coffee plants are contracting rust fungus. The migration northward is just starting and it will become a torrent in a flight for survival.
https://www.scientificamerican.com/article/drought-leaves-up-to-2-8-million-hungry-in-central-america/
Review of current CAR-T efforts in solid tumors. First experiments have been brain cancers.
https://www.the-scientist.com/features/the-next-frontier-of-car-t-cell-therapy--solid-tumors-65612
COP is latest to want out of North Sea. They have been there from the beginning starting with Ekofisk and in a lot of JVs with Statoil/Equinor.
https://www.zacks.com/stock/news/369507/conocophillips-may-divest-bulk-of-its-north-sea-oil-fields?cid=CS-TD-FT-369507
Ghawar cycling more water as expected. SA production is now spread amongst 101 fields compared to a few dozen a couple of decades ago.
https://www.bloomberg.com/news/articles/2019-04-02/saudi-aramco-reveals-sharp-output-drop-at-super-giant-oil-field