$CLMT The most important sentence on the $NTOIY earnings call.... Neste still focused on Europe where demand and margins are still better (despite $3+ RD margin in the US) and Martinez (US joint venture w/ Marathon) still not making an adequate margin domestically. Need to see humungous increase in imports in order to meet RVO, which means US margins will keep going up to incentivize marginal supply - the imported gallon.
Baker Hughes Rig Count:
Oil -2 rigs
Gas +1 rigs
The shale bros are boycotting Bessent, but the gas guys are literally degenerates that will bankrupt themselves every single time.
Never invest in natural gas.
$LUG reports the discovery of two new copper-gold porphyry systems at its Fruta del Norte gold mine in southeast Ecuador.
Highlights:
โข Two new porphyry discoveries: Increasing the total number of porphyry discoveries on the FDN concessions to seven.
โข Sandia continues to expand: The Sandia deposit remains open to the north, east, and at depth, and is currently the largest and highest-grade porphyry system identified on the FDN concessions.
โข Sandia maiden resource estimate: Targeted for early 2027.
For full details: https://t.co/lwtVpQboR7
Kuya Silver Achieves Record Q2 Production at Bethania Mine, Increasing Quarterly Tonnage by 66% and Posts Record Monthly Silver Production in June $KUYA.CN https://t.co/3cpQrARnOc
RIP to Carlos Miguens-Bemberg, Argentine business magnate and family man, who passed away yesterday from cancer at 77
Bemberg was a man that prioritized consistent and disciplined work towards a distant goal without compromising ethics
He lived by "do the right thing"
A coin from the Dutch East Indies Company.
Three centuries ago, the most valuable company in the world.
Hasn't existed for 226 years.
Whole lot of the S&P500 going to follow that trajectory.
there it is - microsoft will use kimi k3 to power their flagship copilot ai assistant saving up to 60% per token or $600M on every $1B spent on inference spend.
if microsoft chooses to self-host the model once Kimi open sources it on the 27th then this cost reduces even more
love or hate these chinese models, open source is really levelling the field in a big way.
per the information
So the memory stock guys all got margin called
And I'm still here, still up 36% ytd, knowing that oil, my top allocation, will go bonkers on Monday
Man y'all it coulda been different but you had to listen to the orange man