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Archer

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Posts posted by Archer

  1. 21 minutes ago, tx 3 putt said:

    this, im humping this donkey until it passes out, then im humping it some more

    Yup. Ride it until it dies and hope it’s taken me far enough to get by with a job slinging beer at a local brewery for a little extra money as my next play. 

    • Hook 'Em 1
  2. 20 hours ago, Neonmoon said:

    I’ve got 15 years in O&G. I’ve enjoyed my career, but have some corporate burnout to be honest. 

    I’ve been in the same time and I’ve gotten close to this but the money is too good and the job too easy (office) for me to give up yet. But with all of the rolling layoffs I’ve came to peace if they draw my number and plan to transition out. 

    • Hook 'Em 1
  3. Just now, Chewbacca said:
    8 minutes ago, Archer said:
    I’ve invested with a company like this in apartments but it was not solicited, invitation only. You had to be an accredited investor, the minimum investment is high, and you kiss the money goodbye for 5 years. We haven’t sold any of the properties I’ve invested in but the “dividends” have been paid as presented in the financials. I may lose it all or it may double in 5 years only time will tell. 

    As long as you are comfortable with the developer, this is the way to do it.

    This group is buying existing B/C class properties in select markets that are not in alignment with the surrounding properties. I am not sure I would invest in a new development; with existing buildings you at least have a built in revenue stream as long as you don’t run them all off. 

    • Like 1
  4. I’ve invested with a company like this in apartments but it was not solicited, invitation only. You had to be an accredited investor, the minimum investment is high, and you kiss the money goodbye for 5 years. We haven’t sold any of the properties I’ve invested in but the “dividends” have been paid as presented in the financials. I may lose it all or it may double in 5 years only time will tell. 

    • Like 1
  5. What’s the opinion of franchising into fast food with no food service experience?

     

    I’ve always considered it to be a bad idea to buy into a CFA or something similar if you had never worked in the industry. I could see opening fast food in a underserved town but have never worked in the food industry. 

  6. 8 minutes ago, Eastwood said:

    God speed to those people. Hope they have transferable skills or enough saved up to hang out until the job market picks back up.

    That’s the truth. 
     

    I figure if I get caught up in a lay-off anytime soon I’ll have to roll into a new profession I just don’t see many jobs out there anytime soon. 
     

    Would try to pick something up with existing degree but most likely would end up going back for a masters in mechanical or electrical and moving on. 

  7. 11 hours ago, Fudge Nuggets said:

    I survived a 30% culling by nothing but pure blind luck.

    I survived our last round they got 20-25% of my peers in the company. 
     

    Have a contact at CHK, they were told to work from home on Friday and that they would be doing phone layoffs, 15% target. 

  8. 7 hours ago, tx 3 putt said:

    Anyone else wondering how many jobs never come back ?

    I’m assuming if I get let go this go around that I’m gone for good. I’ll make some calls and see what I can hustle up and keep an ear open but will actively be looking at new industries. 

  9. On 6/26/2020 at 7:42 AM, Al_4_ISU said:

    Kyle Nix's album is out today.  It's really solid.  The playing and production are stellar.  He's obviously not at Felker's level as a songwriter (in my opinion almost no one is), but there are some damn good tunes in there.  "Manifesto", "Sweet Delta Rose", "Blue Eyes", "Graves", and "Shelby 65" are probably my favorites.  I love all the instrumental transitions as well.  It's definitely put together as an album, instead of a collection of songs.  Perhaps more so than any of the Turnpike albums were.

    It’s on Amazon Music Unlimited if anyone subscribes. I added it this morning after seeing this post. 

  10. On 6/8/2020 at 6:25 AM, Okie State said:
    On 6/8/2020 at 6:14 AM, Nice Guy Eddie said:
    Im with you in that I shook my head at seeing how long term employees could be treated for really doing nothing other than (probably) having a high salary. The one criticism I have of those employees is that they must have been blind to seeing what was a strong possibility. Big Oil almost always pay well and has great retirement benefits. Employees should not squander those opportunities with a plan to catch up financially closer to 65. Be prepared to leave at 55, and you hang on past 55 that’s just a bonus.

    Read more  

    That's what I'm doing. I told my wife we're saving all we can now because we don't know how long it will last and I don't know where else I could go and get the same benefits or better.

    Absolutely this. 
     

    We are saving and investing to get some secondary income for when this ends I only need to replace 50% of my income not 100%. 

  11. 12 minutes ago, 52-80 said:

    A gigaton of you work directly in or around oil.  What's happening in your neck of the woods?  Friends brothers mothers neighbors getting shit canned?

    I'm seeing colleagues and acquaintances and 2nd and 3rd order networked people dropping out of employment every single day.  I didnt live through the 80s market, but this is an exodus that seems a magnitude worse than '08.  This time it really seems irreversible in terms of the culture of the high flying days

    My LinkedIn has been a bloodbath, lots of tenured people saying they have been let go. 
     

    My wife is considering voluntarily leaving the industry to diversify our income streams. Hasn’t decided but seems to be leaning that way. Would be nice if it wasn’t the worst job market since the ‘30s. 

  12. 1 hour ago, Fudge Nuggets said:

    Earnings calls for next week:

    Monday

    CLR (time not supplied)
    KDP amc
    FFIV amc
    NOV amc
    OII (time not supplied)

     

    Tuesday

    MMM bmo
    GOOGL amc
    LUV bmo
    AMD amc
    MRK bmo
    F ???
    SBUX amc
    CAT bmo

     

    Wednesday

    ADM amc
    AZZ bmo (no idea who they are, but that ticker tho)
    YUM bmo
    BA bmo
    GE bmo
    RCL bmo
    CVS bmo
     

    Thursday

    FLWS bmo (more dead people, more flowers?)
    AMZN amc
    AAL bmo
    AAPL amc
    UAL amc
    DNKN bmo
    BZH amc
    TAP bmo
    WDC amc
     

    Friday

    ABBV bmo
    XOM bmo
    CL bmo
    CLX bmo
    CVX bmo
     

    Overall pretty interesting week.  I think we get a better feel for whether this last month run up is smoke and mirrors or the real thing between Wednesday and Thursday.  If there is a big "sell the news" after AMZN, AAPL report or maybe we get a "meh, it's priced in" after UAL and AAL shit the bed.

    I haven't read up on many earnings calls, but the few I have it seems management is not providing any guidance at all for the rest of 2020.  So basically the market appears to be working off the old numbers because why not?

    I took small nibbles on several on those list today so I am sure they will crash during earnings next week. 

  13. 2 hours ago, Jkwellborn said:

    Nothing wrong with Sig. One of my buddies used to collect them. He shot the shit out of them. The mosquitos were picky about ammo. Was the 250 the one that had the drop issue?

    That was the 320

    • Like 1
  14. 2 hours ago, PenelopeWitherspoon said:

     


    Shutting in a well temporarily can damage it, with production never getting back to the pre-shifting levels.

     

     Very dependent on the rock, I’ve seen some that will pop right back on trend and others that are permanently damaged. 
     

    Ive heard some discussion that if people don’t want to DUC wells of completing them flowing back the load to get to res conditions and then SI. 

  15. 16 minutes ago, Dr. Beeper said:

    I believe you’re a small producer. I don’t think you’d be impacted in the slightest, except the price might rise a bit. This is to avoid disorder. Struggling large companies (Marathon, EnCana) might sell whatever they can to generate enough cash flow to hang on. 

    I think this is much ado about nothing for the most part. Companies are gonna curtail anyway, mostly, because wellhead prices will remain so low for a multi-month period. However low they’ll be in May, I can’t see em getting much better in June. I honestly wonder when it will turn around. 

    Edit to conclude I don’t know how I feel about prorations - so long as they’re temporary.

    I’m actually a worker bee cog in the wheel, at one point I had dreams of a small fleet of stripper wells but not sure how feasible that is anymore.  I do have several good buddies that are small operators and OBO companies so I get to see their trials and tribulations.  
     

    My Pioneer anger goes back a few months before their latest proration pleas. 
     

     

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