The final phase of the boomer financial plan is being implemented.
Jack up treasuries so they can comfortably cash flow their stockpile of cash for their blue head years while the rest of us suffer. Thanks again boomers.
I have now heard from two separate people involved in the Samson deal that the oil and gas guys from KKR didn’t know the difference between a barrel of NGLs and a barrel of oil 😂
I am tracking the train derailment over the Yellowstone River in Stillwater County. My office has been in touch with local, state, and federal officials.
At this time, there is no immediate threat, but please try to keep away from the areas around the Yellowstone River Rail
Every landman in OKC's text messages
Landbro 1 - Hey man I have an idea
Landbro 2 - Cool, what's the plan?
Landbro 1 - Let's commit fraud
Landbro 2 - Can you lay it all out for me in this discoverable text message format?
Landbro 1 - Yes. Here's my plan on how we'll commit fraud
My message to the fireworks stands setting prices of fireworks is simple: this is a time of war and global peril.
Bring down the price you are charging to reflect the cost you’re paying for the product. And do it now.
A little math for you all
If someone brags about being up 390% in ‘21 but omits the fact they were down 75% in 19-20’
$1 invested became 0.25
0.25 * 3.9 = 0.98
Almost back to even. Now throw in those redemptions at the bottom. This tweet is not about anyone in particular.
This whole “OPEC cutting is bearish” is the most annoying shit of all time. They have a price target. Current price is below the target. That’s what it means.
This chart got quite a bit of attention. Although the deterioration of performance is obvious, and has been for a very long time, what people aren’t talking about are two important things.
1 - this is not a linear decline, the 2nd derivative of this negative rate of change is
Compiling a conservative stock portfolio for my children’s college fund. I want it to serve two functions, one is value appreciation & two to teach them important lessons about disciplined investing - being an advocate and fiduciary for yourself. My model portfolio is:
100% $RIG
Happy 4th except to Boomers who destroyed America w their selfish politics and use of the Fed to enrich themselves at the cost of all future generations.
I am thankful that the Permian Basin is a value trap that is sucking in the maximum amount of cash possible before subsequently lighting it all on fire. We pray that God grants all the small time producers/locals and independents the wisdom to dumpeth thy Permian bags upon
My Dad and I were hooking up my air compressor and he asked for a female fitting. I am uncontrollably shaking and feel overwhelmed w disgust and outrage.
Finally unfollowed
@Big_Orrin
and I recommend everyone do the same. That dude has called 19 of the last 3 downturns in oil price. He can’t say anything bullish ever and that’s a big 🚩
Real estate is for people who were born on third base and ran back to second as fast as possible then brag about hitting a double
These might be the wisest words I’ve seen on the internet
@EnergyCynic
You just gotta remember that on average we lose ~4 million bpd through natural decline. As my grandfather used to say “we burn a giant oil field (500 million bbls) every week so you need to find a new one to replace that every week”
Every shale driller in America:
“We have 10k locations that will generate 100%+ IRRs”
Also every shale driller in America:
“We are excited to announce we are buying some tier 3 acreage w almost no production on it for a billion dollars… bc it’s accretive to cash flow”
@philly76fan215
@willrayvalentin
Newsflash: all the tier 1 rock is gone, so now they’re all shitcos running out the clock with increasingly shitty inventory
$RIG is the greatest stock that has ever existed. It's the mothra of equities - finally emerged from years of hibernation and now is ready to spread its wings over my portfolio and shower it with mountains of cash. If you don't own $RIG unfollow me and delete your account.
FT on OPEC cuts 👀
People familiar with Saudi Arabia’s thinking say Riyadh was irritated last week that the Biden administration publicly ruled out new crude purchases to replenish SPR
The intelligent way to think about owning Permian drillers is basically going out 4 years into the future and buying an out of the money $90 strike call option. There are two possible scenarios that will come out of this:
Scenario 1 - oil doesn’t go meaningfully above $90 and
I just can’t get enough of these laid off Twitter employee testimonials and commentsry. I’m obsessed. It’s maybe the greatest thing that’s ever happened to me.
I really wish someone would write a book about the KKR acquisition of Samson. Everyone involved from the KKR side should be named and shamed and blackballed from ever doing another deal forever.
There’s no banking crisis.
There’s no recession.
Oil is fundementally stronger today that 6 months ago.
Inflation is ded.
JPow has everything under control.
New highs in 9 months.
Just a friendly reminder… if you’re holding energy stonks the ideal time to sell was yesterday. The second best time is today.
Don’t worry you can buy them back cheaper in a couple months.
I remember when I first shorted $SD and everyone said I was crazy bc TPG and Leon Cooperman had just bought the stock.
Then I remember shorting $ROAN and everybody said I was crazy bc it was run by $EOG guys and owned by a bunch of “smart” hedge funds and PE.
Then I refi’d my
The Delaware Basin continues to remind everyone that gas molecules are smaller than oil molecules. Bubble point still impacts ultimate recovery. The economics of infills is primarily driven by the drainage area of offsets. Gas wells drain more area than oil wells. Higher bottom
BREAKING: US crude oil production has officially hit a record 13.4 million barrels per day.
Daily oil production has increased by 22% over the last 4 years.
Since 2008, production has skyrocketed 350% from ~3.8 million barrels per day.
The US is now the world’s largest oil
Pioneer Resources, the biggest producer in the Permian just brought 15 wells onto production in their core Midland basin asset.
10 out of the 15 wells came in with IP24's below 1,000 boe/d and overall, these 15 wells averaged IP24's of just 885 boe/d.
🧵