OklahomaMinerals.com

Snippets

• ☕️What Else is Brewing Monday Morning
  Berkshire Hathaway had a solid Q2. Its operating earnings jumped 6.6% thanks to a better performance...
  Berkshire Hathaway had a solid Q2. Its operating earnings jumped 6.6% thanks to a better performance from Geico, an insurer it owns. Berkshire’s cash pile has ballooned to $147 billion.
  
  A train derailed in southern Pakistan, killing at least 30 people.
  
  Elon Musk pledged to fund the legal bills of anyone who has been “unfairly treated” by their employer for liking or posting content on X.
  
  Two baseball players squared up to box each other in a hockey-style brawl during a game between the White Sox and Guardians on Saturday.
  
  
  
   
  Read More
• Oil Extends Gains as Attacks Threaten Russia’s Black Sea Exports
  Oil advanced for a third session after Ukraine attacked another...
  Oil advanced for a third session after Ukraine attacked another Russian vessel over the weekend, putting at risk significant flows of the nation’s commodities from the Black Sea such as crude and grains.
  
  West Texas Intermediate climbed above $83 a barrel at the start of the week in Asia after rising more than 4% over the previous two days. On Saturday, a sea drone hit a Russian-flagged oil tanker that supplies fuel to Moscow’s forces in Syria. That followed an attack on a naval vessel on Friday.
  
  The hostilities could threaten Russia’s commodity exports via the Black Sea, a route that accounts for 15% to 20% of the oil that the OPEC+ producer sells daily on global markets and most of the nation’s grain. Wheat also advanced.
  Read More
• China, Russia send warships near Alaska; US responds with Navy destroyers
  Eleven military vessels from China and Russia found operating...
  Eleven military vessels from China and Russia found operating near the Aleutian Islands last week were met by four U.S. Navy destroyers, Alaska’s two U.S. senators said.
  
  The war in Ukraine and China-Taiwan tensions have strained U.S. relations with the two countries. "This move is highly provocative," Brent Sadler, a retired Navy captain and senior research fellow at the right-leaning Heritage Foundation, told The Wall Street Journal.
  Read More
• Devon Energy Is Reducing Its Dividend To $0.49
  Devon Energy Corporation's (...
  Devon Energy Corporation's (NYSE:DVN) dividend is being reduced from last year's payment covering the same period to $0.49 on the 29th of September. However, the dividend yield of 6.8% is still a decent boost to shareholder returns.
  
  While it is great to have a strong dividend yield, we should also consider whether the payment is sustainable. Prior to this announcement, Devon Energy's dividend was only 61% of earnings, however, it was paying out 210% of free cash flows. The company might be more focused on returning cash to shareholders, but paying out this much of its cash flow could expose the dividend to being cut in the future.
  Read More
• Texas Power Prices to Surge 800% for Sunday Amid Searing Heat
  Ercot has issued a weather watch for Sunday and Monday “due...
  Ercot has issued a weather watch for Sunday and Monday “due to forecast higher temperatures, higher demand, and potential lower reserves,” the grid operator said in an emailed statement Saturday afternoon. “Ercot will continue to monitor conditions closely.”
  
  Power usage on Sunday is expected to peak at nearly 84.4 gigawatts at about 4 p.m., which would be an all-time high in Ercot. But it’s not until later when the solar generation starts to wane at sunset that supplies become tighter.
  
  Electricity prices expected for the grid rose to more than $2,500 a megawatt-hour for Sunday evening, up from Saturday’s high of about $275, according to data from the Electric Reliability Council of Texas, the grid operator.
  Read More

• Prev
• Next