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The Royal We

Certifiably Surly
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    2005
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Everything posted by The Royal We

  1. I just sent him a contribution. Thank you for sharing.
  2. I've spent a fair amount of time in Midland and had companies from there on each side of my descriptions in mind. One of them might be the sneakiest big private company I've come across in my years of being an insurance puke. We started talking about their assets and insurance budget and I was gobsmaked as I looked around at an office that could have easily come out of the 1980's USSR. They owned and operated all kinds of highly profitable (but def not shiny) assets/companies, pretty sure it was worth well over $1bn. Just the nicest folks ever and probably worth god knows how many millions. I guess I should clarify that the companies with the opulent office space I had in mind were all doing it with someone else's money. I don't know if the bourbon bar boys are splashing around their own money or PE money, but it seems like it's usually not their own when they do that and end up shitting the bed. When your E&P company's Inuit art collection is worth more than your E&P assets at liquidation, you've royally fucked up. And I love Crested Butte. My boss has a place there and it's one of my favorite places on earth.
  3. I think I probably know who you are talking about, and yes, there are outliers who get bailed out by being on the right side of the commodity swings by no fault of their own... (Not saying that's the only reason this dude was able to sell for $2B) I have a client that set a bunch of PE money on fire by building out an office compound in bumfuck OK and the mgmt team probably should have been put out to pasture as a result. They are now a moderately successful public company with pretty marginal assets just by being on the right side of a commodity price swing this time around. I know a little about the CEO's spending habits by what we are asked to insure, and he seems like a guy that has made a shitload of money in his career but has spent even more. I'd much rather invest my money with the guys that keep meager space out in the suburbs somewhere and are drilling high margin wells in places off the beaten path a bit. Or at least it was off the beaten path when they acquired it...
  4. There's some good discussion here about the need to put hay in the barn if you are in or connected to O&G for your livelihood. It's anecdotal for sure, but I can tell quite a bit about whether or not a small E&P company is likely to be successful by observing their office space. I've had meetings with quite a few small E&P companies that had extravagant office space without the production or activity to support it. Most of them didn't make it. Then I've had meetings with other companies that had class C space with some bombjack assets that made/continue to make a killing. I'm assuming the same mindset carries over to their personal life as well. Guys who bought that house in Crested Butte before putting hay in the barn had a real hard time over the last 5-6 years, and might not even be in the O&G business at the moment. While the good ole boy that still drove a pickup truck and lived in the same house was able to hang on during that time and is set up to do really well over the next few years. I can think of a few in particular where their office space had outrageous decorations/sports memorabilia/art work/classic cars, etc. along with massive offices for the C suite while they operated ~25 wells and drilled 2-3 per year. wtf? Why is that necessary and why did PE sponsors/financial backers go along with it?
  5. I'm definitely not a reporter. I'm just a guy on the internet virtually high-fiving some Ukrainian dudes for fucking up the Russians. But thank you very much for the correction, I hope it made you feel better.
  6. I like how he gives them one more FUCK YOU shot even after the tank explodes. You can feel the hate coming through the gunners hands as he gives them the what for. MOAR!
  7. So much this. I don't understand how Trumpaloos can say with a straight face "This never would have happened if TFG were still president." I mean, I can, because brain worms, but it takes an extraordinary amount of mental gymnastics/cognitive dissonance to be of the opinion that Putin would have been so afraid of Dotard that he never would have thought to invade Ukraine again. Do you even Helsinki bro?
  8. Change the channel every once in a while Cabo. Maybe you haven't noticed, but right now there are more important things to be upset about than an annoying laugh. Don't be such a easy mark for manufactured outrage. Disgrace!!!!!!11!!!!!one!!! Frightening!!!!!1!!!!! Did you lose your blanky again?
  9. And post pictures of your progress too. There's a lot of different ways to cook on that bad boy.
  10. Unbelievable how clean that boat and that barn are, holy shit!
  11. F me, that's amazing @Shady Ray! No way in hell you could let all of that value leave the family.
  12. I didn't buy nearly as deep as some of you, but bought XOM at an avg of $54.84 and VDE at $60.69. My XOM buys were in Jan and March of '21. Just remembered that I also bought XOM in March of '20 @ $32.69 and sold it a month later for $44.76 thinking that Covid was going to keep fucking with us. I had forgotten about that until @Porterhouse brought it up and I went back to look at my cost basis. Furk. Luckily I had more conviction the 2nd time around and took bigger bites. The all time high for XOM is $104 back in June of '14. When are you holders thinking you would take profits? Or is the dividend too juicy to even think about it?
  13. Hey Mister!
  14. Here’s a wild idea… form your own fn opinion instead of needing one spoon fed to you?
  15. The number of big wallets looked like it was tracking the price up to the high in Jan '21, but yea, no idea why it didn't follow or stay up there for the ATH in November of '21. It very well may be noise, it just seems like a hell of a coincidence to me. Like I said though, the BTC maxie who first noticed this chart and posted it quickly deleted it because it went viral and he wasn't comfortable with the assumption it was Putin's homeboys driving the spike.
  16. It sure looks like it's possible that Russian whales started fleeing to BTC when the shit hit the fan. How else do you explain this many new wallets plunking ~$40mm into BTC? The guy who tweeted this out earlier today ended up deleting it because he said the data was being misinterpreted...
  17. Fucking hell. That thermobaric may as well be a mini nuke. Thanks to all of you who are sharing info, I've been glued to this thread.
  18. How about one of them goes and jabs an ice pick or at least a ballpoint into Lavrov’s ear instead?
  19. Holy shit. I almost spent more on electronics for my bass boat than I did on the boat itself, so I can appreciate the sonar capability. Insane that you can pick up that much detail and that far out. I can see about 150ft out on the side imaging and it's mesmerizing to ride around and look at everything laid out on the bottom.
  20. Jesus. The tackle on on display there cost more than my bass boat. Badass machine.
  21. Sink that mother fucker wherever it is right now. Fuck.
  22. Distant explosions in Kyiv just now live on CNN.
  23. Fuck this pathetic mad man. I hope this is the beginning of Putin’s demise.
  24. These guys out of Lockhart make a mobile version of this that I'd love to have if I had $5k I wanted to set on fire: https://millscale.co/collections/cookers/products/open-fire-grills
  25. I hate to laugh at another man's misfortune, but..... that's some funny shit right there. I spent most of my childhood shitting in deer camp outhouses and have always hated it. We had a lease off of the Willow City loop where I shot my first deer and the outhouse was so rank that I'd hang on to the column holding up the roof on the back porch and shit into the canyon below instead of going in there. The deeper the better on the hole and keep a sack of hydrated lime or at least ash from the fire pit around to knock down the stench a bit.
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