Prof Damodoran, a noted expert on corporate valuation, just updated his data through '22. An article and chart on his site shows how FCF (either FCFF or FCFE) SHOULD be calculated. I have calculated it similarly for decades, since well before E&P mgts bast***ized the defn 1/n

@ShaleTier7 Recovery from a gambling addiction by investing in energy? Losing $1 B and looking for more displays the background of a geologist, eh?

@SecretaryWright @ENERGY It's unfortunate, though, that people who work for T end up under the bus at the first sign of independent thought!

Chevron Says Fading US Crude Growth Casts Pall on Port Projects

I have been trying to clean up my t/l by eliminating words rather than people. I am used to investors proclaiming "great quarter" with every report, but not every political post. I will see if by eliminating "great" from appearing, I still get nearly every E&P response, but none or fewer of the politics! Grand experiment...

@JavierBlas Have some eggs instead!

@_sem_yyc Kids are telling me it's time to take up new activities like skydiving, mountain climbing and base jumping, hedge the value of my house and take out more life insurance. So proud they have taken an interest in finance! 😂

@ShaleTier7 Because we don't have a Duverney Hotel 🙄

@ShaleTier7 Nice. I can even see my fmr office

@ShaleTier7 👍

No real covering into weekend for E&Ps and no counter-move to S&P. Next week is another slow earnings week before the tempo picks up. Natty slipping back towards $2 handle; oil pinned near $70. For those who think that any prices > $0 are positive ... NO!

@ShaleTier7 You overshot the best/ happiest place!

@Pembrokestcap At at ;east one point he mentioned cutting those costs in half .... but the impact on people was never mentioned

RT @OilandEnergy: Trump wants OPEC to pump more oil to lower prices, but the cartel isn’t budging. With Saudi Arabia focused on Vision 2030…

@Pembrokestcap He has said 18 mos after taking office, so he is on the clock ... and economics will rule the day

$CVX accelerates $48 B Kazakh oilfield ramp-up, sources say

It's almost as if cos got new CAPEX budgets beginning Jan. 1, 2025! 😉🙄

@DavidRamsdenWoo @_jdill23 $PROP buying in per today

$600 mm would obviously be a bigger sale than $600 🙄