Jump to content

Hey Oil Barons.......


936horn

Recommended Posts

Anyone have intel they can share on Throne Petroleum?

I'm looking at some of their stuff and might make an unsolicited run at it, but background info would be good.

Eg: Who's their financial backer, does anyone have personal experience with them (good guys? shit heads?), anyone know about the quality of their operations?

TIA

Link to comment
Share on other sites

15 minutes ago, BTW said:

Anyone have intel they can share on Throne Petroleum?

I'm looking at some of their stuff and might make an unsolicited run at it, but background info would be good.

Eg: Who's their financial backer, does anyone have personal experience with them (good guys? shit heads?), anyone know about the quality of their operations?

TIA

I had a meeting with their CFO at the end of 2019, he's good friends with a client of mine who introduced us.  Very nice guy, laid back and seemed like a good dude.  I think they are backed (in part?) by Juniper Capital.  I never ended up doing any business with them. 

/CSB

  • Hook 'Em 1
Link to comment
Share on other sites

On 2/24/2021 at 5:10 PM, billfromlaketravis said:

I’ll receive a small bonus this year and there’s talk of a small raise. I worked through the crash in 2014, and the 2020 disaster. I feel very fortunate. 

Got my pay raise.  They even back paid it 2 months.  Our bonus was announced and it was surprisingly good.  3 percent cost of living raise is coming in April

 

  • Hook 'Em 2
Link to comment
Share on other sites

11 hours ago, bluto said:

Any read or expectation on the opec mtg this week? Crystal balls and all that.

"Expert" consensus is that they'll start tapering off production cuts, likely bringing back 500K barrels per month over the next few months. Big issue is that KSA wants to be meticulous while others, including Russia, likely want to bring back production faster than the Saudis are comfortable with. 

Link to comment
Share on other sites

On 2/24/2021 at 5:10 PM, billfromlaketravis said:

I’ll receive a small bonus this year and there’s talk of a small raise. I worked through the crash in 2014, and the 2020 disaster. I feel very fortunate. 

Same here.  Bonus was better than I expected because I expected a big fat zero and would not have complained.  Raise worked out to 2%; I'm going to try not to blow it all in one trip to HEB.

  • Haha 1
Link to comment
Share on other sites

I saw the date and was perplexed because after reading the first five or six paragraphs I was sure I read the article before.  Maybe it was a sneak preview or something I read earlier. 

Buying Anadarko was a good move.  The price she paid and the deal with Uncle Warren paying pay day loan lender rates was a dereliction of duty.  She should have been shit canned just for that.  The reason they haven’t solidified their position with smaller acquisitions is because they have no money.  They were selling off the coffee makers in the break rooms to make payroll this time a year ago.

  • Hook 'Em 1
Link to comment
Share on other sites

1 hour ago, Fudge Nuggets said:

I saw the date and was perplexed because after reading the first five or six paragraphs I was sure I read the article before.  Maybe it was a sneak preview or something I read earlier. 

Buying Anadarko was a good move.  The price she paid and the deal with Uncle Warren paying pay day loan lender rates was a dereliction of duty.  She should have been shit canned just for that.  The reason they haven’t solidified their position with smaller acquisitions is because they have no money.  They were selling off the coffee makers in the break rooms to make payroll this time a year ago.

I sent it to a buddy on 1/21/21 so it’s been out a few weeks at least. 

Link to comment
Share on other sites

18 hours ago, Fudge Nuggets said:

I saw the date and was perplexed because after reading the first five or six paragraphs I was sure I read the article before.  Maybe it was a sneak preview or something I read earlier. 

 

Same here I was thinking it was posted upthread or elsewhere a few weeks ago or so (when I orig read it).

Link to comment
Share on other sites

On 2/23/2021 at 3:04 PM, BTW said:

Anyone have intel they can share on Throne Petroleum?

I'm looking at some of their stuff and might make an unsolicited run at it, but background info would be good.

Eg: Who's their financial backer, does anyone have personal experience with them (good guys? shit heads?), anyone know about the quality of their operations?

TIA

Know them pretty well.  Seem to be good guys, haven't had any luck with their horizontal efforts.  Currently backed by Quantas (AUS airline) believe it or not.  DM me if you want more info.    

  • Hook 'Em 1
Link to comment
Share on other sites

22 minutes ago, Eastwood said:
24 minutes ago, Trey3216 said:
Lol, y'all see the EIA report this morning?  
+21.5mm barrels v expected -928k
Gasoline -13.6mm vs -2.3mm expected.  
 
 

And oil is up almost 2.5%. Interesting times.

It's basically a meaningless report following freeze week, aside from the headline grabbing crude number, which is by far the largest I can ever recall seeing. 

Taken altogether it actually reflects a total commercial petroleum inventory drawdown of 2.8M (+21.6M crude vs. -25.4M gasoline/distillates/propylene).

Link to comment
Share on other sites

Just now, Storm the Field said:

It's basically a meaningless report following freeze week, aside from the headline grabbing crude number, which is by far the largest I can ever recall seeing. 

Taken altogether it actually reflects a total commercial petroleum inventory drawdown of 2.8M (+21.6M crude vs. -25.4M gasoline/distillates/propylene).

I know, it's just a comical number to look at.  

Link to comment
Share on other sites

FWIW, this is the first week in probably a year that things are starting to feel somewhat back to normal.

Have had a couple of in-person client lunches and people are actually easing back into their offices and starting to talk with some optimism about upcoming projects rather than just cancelled rigs and the latest layoff reports. 

Edited by Storm the Field
  • Hook 'Em 3
  • Like 2
Link to comment
Share on other sites

13 hours ago, Storm the Field said:

FWIW, this is the first week in probably a year that things are starting to feel somewhat back to normal.

Have had a couple of in-person client lunches and people are actually easing back into their offices and starting to talk with some optimism about upcoming projects rather than just cancelled rigs and the latest layoff reports. 

 

people are ready to get back to normal on the chem plant / refinery side. i start my new job 3/29 and can't wait 

  • Hook 'Em 2
Link to comment
Share on other sites

I bought some back at the end of January under $46 and wish I would have bought more.

They stayed committed to the dividend through the whole downturn and I don't think they will cut it now that things have turned positive.  The possibility of the dividend being cut was the main thing that kept me from making a bigger investment. 

Bottom line, yes, I think we are in the early innings of a bull run for commodities and XOM is still a good buy today at ~$62.

@victory88

  • Hook 'Em 1
  • Like 1
Link to comment
Share on other sites

I bought some back at the end of January under $46 and wish I would have bought more.
They stayed committed to the dividend through the whole downturn and I don't think they will cut it now that things have turned positive.  The possibility of the dividend being cut was the main thing that kept me from making a bigger investment. 
Bottom line, yes, I think we are in the early innings of a bull run for commodities and XOM is still a good buy today at ~$62.
[mention=789]victory88[/mention]

Yes sir. I got in at $45.
  • Hook 'Em 1
Link to comment
Share on other sites

@Fudge Nuggets It's down below 6% at the current share price, isn't it?

I've been waiting for it to pull back some so I can add to my position.  I'm kicking myself for not buying more energy stocks earlier this year.  XOM and VDE are the only two that I bought - I was too busy chasing pennies like TSNP and XMET...

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.



×
×
  • Create New...