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Rex Kramer

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Posts posted by Rex Kramer

  1. 4 hours ago, idigTexas said:

    We've clinched no worse than the 5-seed, as well as the meaningless division.  The only reason to keep trying to win is to try to get homecourt from the Clips, but we essentially have the same home and away records as them, so I don't see that as much of a gain.  Time to rest in my opinion....except Hardaway.  Play him 40 minutes the rest of the way.  

     

    There is no gain and we aren't getting the 4th seed.  LAC has home games against the hapless Jazz and sputtering Rockets.  I'd keep the pedal down for reps and continuity into playoffs, but not press the issue unless LAC loses to Jazz tomorrow.  LD and Ky don't need 36 minutes like last night.    

  2. 1 hour ago, crum said:

    It's pretty crazy how all of these trades were poorly thought of pretty universally and they've all looked like amazing bargains. Nico has done an incredible job

    I thought Ky was a major risk that could work out beautifully. I thought it was a disaster after last season and at that point it was. I thought the PJ / Gafford trades were no brainers. I still never could’ve imagined how quickly it’d all come together, to the point where we go 16-2 down the most crucial stretch of the season and really look like we could make a deep run. I’m not scared of really anyone except the Celtics and this team doesn’t appear to be either. 

    Edit to add I think we stole PJ and Gafford. Two instrumental pieces that average 53 starter minutes, 23 ppg, 13.5 rpg (MUCH needed), and 3 bpg (huge). And we gave up nothing immediate and probably nothing in the mid term. They have totally freed up Luka and Kyrie to be their best selves. 

    • Hook 'Em 1
  3. 3 hours ago, Grimas said:

    Never heard of /MCR...  Natty is currently- just under $2/MMCF (million cubic feet of gas volume) and hasn't been above $10 in forever so I'm not sure if we are talking the same acronyms...  $20/MMCF would be a godsend for the industry...

    Autocorrect. It’s either mmbtu or mcf. Mmcf is entirely too cheap. The metric is per thousand cubic feet - not million. 

  4. 1 hour ago, Grimas said:

    Sorry my analogy wasn't specific to Poland on the pricing but more the US of the 2 vs $20/MMCF but rather the point is that if the commodity prices go up considerably, there are resources out there that you wouldn't even sniff at today would be attractive at much higher prices. (Poland wells weren't close to economic when I was involved 15 years ago but at some point in the future, even a pig looks attractive when the price is high enough...)

    Rex - are you Art Berman?  He's been screaming that about the shale gas (actually tight gas reservoirs) for years...  :)

    $20/MCR is REALLY fucking cheap. 

    Not Art. But a lot of my thinking is shaped by Goehring & Rozencwajg. 

    Anyone here attend the Dallas Fed guy talk today at Haynes Boone’s office?

  5. 15 hours ago, troph said:

    Maybe one poster posted the attack that caused it but I distinctly remember the very site being founded on a “we are smart, you are dumb, so dumb” mentality and the most popular thread that had numerous participants was quoting hornfans posters and making fun of them. I remember because I railed on them for it on hornfans. 

    I distinctly remember early Shag making fun of HF posters. It went on for the first few years. 

    • Hook 'Em 1
    • Rage+1 1
  6. 9 hours ago, Grimas said:

    That was an expansion one of my points. Several companies tried unconventionals in Poland about 15 years ago and (besides the low TOC of the Devonian and Silurian shales) all the lack of infrastructure (sand, water, pipelines, fracking trucks, etc) made it uneconomic.  Maybe someday if gas is $20/MMCF but probably not in my lifetime…

    As for the other comments about surface rights vs mineral rights, pretty much anything that applies in the US does not apply outside the good, ol’ USA… The government/crown owns the mineral rights and too bad if you own the surface rights - you get paid next to nothing which is one reason they protest so loudly (at least in Europe).

     

     

    Well Euro gas was trading at $30 not too long ago. It’s very depressed right now because of their warm winters and is still like $8. Are you sure it’s economic in Poland?  If so, I presume the Pols would be ecstatic to help fund infrastructure and maybe even neighboring states like Germany. 

    9 hours ago, Grimas said:

    And US shale plays are dying out. Barnett and Haynsville plays are in steep decline and Utica is headed that way. Looks like Balkken, EF and Permian have probably reached peak production and will probably start their decline in the next few years… All the best wells have been drilled and even with new technology, you’re spending more to get less per well…

    Correct. The public does not realize it. I’ve been shouting it since I’ve returned and may have been doing so when I left in ‘21. 

  7. 5 hours ago, Storm the Field said:

    This is a fascinating nugget of info to the majority of posters on this thread, composed primarily of landmen and title attorneys.

    It’s basic but I’ve seen a lot on here that suggests a lot of posters don’t know this. He asked a very good question about international shale. I didn’t know. Grimas had a very good informative response about lack of private mineral ownership abroad, and Cycle added to it. Hook Em Cycle. Fuck these haters. 

    • Hook 'Em 2
  8. 11 hours ago, StassneyHorn said:

    He doesn’t know dick. Look at his last guesses

    I’d love for you to link last guesses. Please. 

    11 hours ago, StassneyHorn said:

    1. We’re over 50% full. Filling it all back at once or even at the pace it was drained would cause price shocks.

    2. Cope. Cry. 800k+ overstated wow someone should tell somebody

    3. Four more years to fill up at whatever pace they like and whatever the next guy/girl wants to do with it afterwards. 

     

    EIA has admitted this, so yeah, they’ve already told us. 

    Im not sure Biden is getting 4 more years but my point is, I doubt he has opportunities sub $95. I actually hope Biden does get 4 more years. 

    8 hours ago, tx 3 putt said:


    were you this vocal about the SPR when it dipped under $40 a few years back ?

    anything under $30 should be auto buy. Congress or Senate should not be able to stop the purchase. this would be a good start 

    military should have their own SPR. 100% controlled by military. Congress/Senate must auto fund. 

    Yes, yes, and okay. 

    • Hook 'Em 1
  9. 5 minutes ago, Dbeasy said:

    I waded into this thread because I want to understand the following about the oil/energy markets:

    1. How does supply look over the next several years. Your price predictions imply constrained supply vs demand. Is that because of the shale field topping out? If so, then doesn’t everyone understand that? Are oil futures reflecting this? 

    2. How will the stocks of energy companies do over the next ten years? If there is limited supply does that mean bad or good?

    3. which energy companies are best positioned to survive and thrive? Seeing Buffet buy Oxy was interesting. 

    1. Yes, and no it’s not reflected in futures. People do not understand this, and, they tremendously overestimate the potential for future decline in demand. 

    2. Good question. I had this conversation the other day with a guy who holds a lot of Pioneer and doesn’t know if he’ll keep XOM. I can’t see how XOM possibly increases Permian production, but Pioneer could. 

    3. Most of them. The industry isn’t going anywhere. Volumes will slowly decline domestically. We are in need of another technological breakthrough and I don’t know where it’ll come from. Probably internationally, the Gulf and Alaska. 

  10. 2 hours ago, StassneyHorn said:

    Selling our oil at 95 and then buying at 75 for a profit is stupid? Thinking all of our oil production will shutdown overnight from its record output? Thinking OPEC is going to try and squeeze us intentionally cause they want a different President?

    Tell me. You just wanted him to fill up as fast as he depleted which is dumb and not possible.

    Selling so much that you can only replace 16% of it is incredibly stupid for a “Strategic” reserve. 

    Our output hasn’t made any record as it’s 800,000 or so bopd overstated, and, it’s declining. 

    He thinks there will be another opportunity to fill it back at a more advantageous price during his POTUS, and he’s 100% wrong. 

    No idea what your point is on OPEC. 

  11. On 4/7/2024 at 1:42 PM, StassneyHorn said:

    Since it's 50% full already, and you have said historically we haven't ever touched it for most of its existence, for what reasons should we give a shit.  Some made up war games in your head?

    There will be opportunities that are a good time to fill in the future. There will be times it won't. You call it a political stunt yet it benefitted everyone who filled their car up. Don't have to be a banker to understand that.

    Filling up the Reserves to whatever level you might like, will give you comfort. But its like paying a mortgage off early that has a 3.5% interest rate. Money better spent elsewhere.

    I won’t have this discussion because you’re incapable of seeing the stupidity of what Biden did and continues to do, or you just won’t admit it. 

  12. On 4/4/2024 at 8:31 AM, The Royal We said:

    I'm thinking the opposite on the bigger cities vs. some random rural road. It seems like people coming from further east will be going to bigger towns. I'm in Nacogdoches and have been planning on going almost due west to find a spot along 287 on the other side of Palestine. The path of totality looks to cross this area 10-15 miles west of Palestine on 287.

    What's the consensus, a bigger city like Tyler where they have better infrastructure or a more rural place where there should be fewer people? My plan has been to find somewhere in the red circle that has a larger shoulder where we can turn around and be pointed back to home and safely watch from the side of the road. Will areas like this be all jammed up too?

    eclipse.thumb.png.c5367e6cff5f878c6c88a2456f01cfab.png

     

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    I wonder if ABC will provide regional coverage in Bandera. 

    • Haha 1
  13. 17 minutes ago, StassneyHorn said:

    -said every administration ever not moved by horse and buggy

    Most presidents, except for the last two morons, don’t release our strategic supply, the second one in the midst of a large geographical conflict and continuing into another. 

    Judging by your insincere laugh rep I suspect you believe there will be another opportunity to refill the other 85% they released as a political stunt at prices lower than they are now. That’s very naive on multiple levels. 

  14. 2 hours ago, troph said:

    That’s pretty much it, but sometimes the shots aren’t so subtle and when you see the same posters engaging him and telling him to take care of himself or to take a break or what have you while being aggressive it becomes clear it’s gas lighting and bullying.  Some times folks jump in and tell both to knock it off but neither will for a period of time. 

    I don’t understand. I think many wish him well because he is a likable guy, and many recognize that this place oftentimes is the antithesis of therapeutic for him. When I see suggestions of taking a break I view them as genuine concern for his well being and not bullying. 

    • Hook 'Em 1
  15. 13 minutes ago, Chewbacca said:
    16 minutes ago, Rex Kramer said:
    Of course not. But they can have manic periods. The vast majority of posters are strangers to me and will always be so. I don’t think I’d ever go to a tailgate or HH. I don’t have meaningful “real” relationships here by choice. So I just don’t have his perspective. 

    So fuck him. Right?

    You must be responding to your preconceived notion of me.  Not sure you’ve read what I’ve written. 

  16. 4 minutes ago, Chewbacca said:
    11 minutes ago, Rex Kramer said:
    I guess, but I just have never viewed it that way. If I cared too much what this board thought about me I’d be miserable. 

    Yeah, I don't think mentally ill people are super happy, dude.

    Of course not. But they can have manic periods. The vast majority of posters are strangers to me and will always be so. I don’t think I’d ever go to a tailgate or HH. I don’t have meaningful “real” relationships here by choice. So I just don’t have his perspective. 

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