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tucker

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Everything posted by tucker

  1. Jeb Bush raised a huge amount but wasn’t able to get far in the primary. I am not so fatalist that Biden will take it.
  2. Given Buffet's big misses on his last few deals, it may be a sign of way overpaying
  3. For anyone advocating for the private market
  4. Chewy.com filed (owned by Petsmart) WeWork also filed. This company is a sham, and I expect it to go bankrupt.
  5. This should be a campaign ad for Warren
  6. OU still sucks in 10, 20, and 30 years from now
  7. The middle-class dream is moving beyond millennial reach https://www.weforum.org/agenda/2019/04/middle-class-dream-out-of-reach-millennials/
  8. Because hipster jesus could be confused as gay
  9. Jack Williams, a senior vice-president of Exxon, told analysts on a call to discuss the company’s first-quarter earnings that he “would be surprised if over time we did not pick up more Permian acreage”, either through small-scale purchases of assets or a larger acquisition. His comments show Exxon’s interest in further consolidation in the Permian region, which is at the centre of the takeover battle between Chevron and Occidental Petroleum for control of Anadarko Petroleum. Chevron also reported earnings on Friday morning, and on their call with analysts its executives emphasised the merits of their agreed deal with Anadarko, including opportunities for cost savings. Mr Williams was speaking as Exxon reported a 50 per cent drop in earnings per share for the quarter to 55 cents, well below the average of analysts’ forecasts, as it was hit by “extremely challenging” conditions in its refining and chemicals operations. The group’s refining operations fell to a $256m loss in the quarter as their margins were crushed by oversupply in world gasoline markets. They also lost the benefit they had gained last year from some very low prices for Canadian crude, caused by a shortage of export pipeline capacity. In the chemicals division, profits dropped by 49 per cent to $518m, as the wave of investment in new capacity in recent years led to increased supplies and put downward pressure on prices. The upstream oil and gas production division was more resilient, but profits still fell 18 per cent at $2.88bn, hit by lower prices. In the Permian Basin, Exxon’s production is booming: it rose 126 per cent from the first quarter of 2018 to reach 226,000 barrels of oil equivalent per day, and is on course to reach the company’s target of 1m boe/d in 2024. However, Permian production is only about 6 per cent of the global total for Exxon. The group’s worldwide output rose by just 2 per cent in the first quarter to 3.98m boe/d, hit by declines at other fields. Exxon built its position in the Permian through a series of deals, culminating in the $6.6bn purchase of drilling rights on about 250,000 acres from the Bass family in 2017, but has since then put a brake on acquisitions. Mr Williams told analysts that Exxon did not need to buy any more assets to achieve its current projections for production growth in the Permian region, but suggested that it was still looking for further deals. He added that the company was not interested in buying assets that were already in production and generating cash, but was looking for reserves with development potential.
  10. ExxonMobil is interested in acquiring more assets in the Permian Basin of Texas and New Mexico, the heartland of the US shale oil boom, and could do a substantial deal, the company said on Friday. https://www.ft.com/content/52cb4062-681e-11e9-a79d-04f350474d62
  11. 1234 If @BurntEyesthinks any of the D candidates are not miles better than Trump, yes D party does not want your vote. Go vote libertarian or some bs protest vote. The unicorn R voter who definitely would vote D if they just put up the right candidate is as real as a unicorn.
  12. Cross posting with AOC thread. Need to vote out established Ds.
  13. Not sure if this belongs in AOC of Pelosi thread. Ds are trying to shut out reform. Anyone who thinks Pelosi, et al wants the country to move to the left is sadly mistaken. She and gang just made Trump is in power.
  14. That is completely missing what I said. Ds don't need to cater to people that will never vote D.
  15. I enjoy the fake "Hillary lost because she's a centrist" argument. Hillary lost because she is terrible. Full stop. She can be a centrist and a shitty candidate.
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