@caetuscap What a time to be alive. Shorts will undoubtedly make money UNLESS you hit a landline acquisition target.
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Michael Scott Capital
38 posts
Note to followers: I'll be betting a lot more from this week onward, so my sheets will be up a bit later. I need to price every field & get early bets on before sharing. Won't be a dramatic change; hours not days later....
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I think folks would be mad if I didn't have plays for the opening day of XFL
DC Defenders -9 -110
LA Wildcats +7.5 -110
Playing these for small amount. They aren't PODs but I want to make the first couple XFL games interesting.
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@Teutoburg1 $40mm of G&A on a market cap of $140mm.
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$MMLP "Our strategic advisors informed us that if we use the word reset instead of cut you won't sell our stock. So we'll be resetting again this quarter.
Also, We'll guide to $200,00 in 2020 net income because they said a 0 guide was bad headline."
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What happens when you own a put on a stock, said company then goes into bankruptcy, and your put expires in the meantime while they're still in bankruptcy?
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Happy Holidays to all.
Except to the people and companies who still think 6:1 is an appropriate BOE conversion ratio.
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What is rough cuff on the FCF yield for the average midstream company these days? Not made up DCF garbage, but true fcf/ev for epd, et, oke, etc.
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@MichaelScottCap its complicated but theoretically and simplistically dd&a is a reversal of f&d costs, but can move around if well eur's move around. all else being equal if they are higher, the company likely cut its own estimates for per well reserves.
but its more complicated than that
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$WLL dd&a per Boe the last 6Q's
asset sales and mix not enough to move that needle, looks like they are cutting per well reserves per our expectation....
2Q18 = $17.4/Boe
3Q18 = $16.6
4Q18 = $16.5
1Q19 = 17.1
2Q19 = 17.6
3Q18 = 18.6
Contango@contango_82
@Maurice94239117 @WillRayValentin @EnergyCredit1 Look at their D&A charge per BOE...increasing big time...
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@RufusPeabody The Les Miles factor is impossible to model.
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@KeithMcCullough Are you willing to call another 2008 at some point?
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I founded the firm with a call that the US stock market would #crash in 2008. The #process was built to win while most are losing.
Adrian@aloha6222
Hi @KeithMcCullough , I watch the Macro Show daily and became very familiar with your process. How does it fare during a different paradigm, say, such as the great Depression of the late 1920s? I'm sure you have backtested this but...
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@TomLoughrey_LFE What made you think about $ESTE? So random
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$ESTE - is there an explainer video on their business model somewhere on the internet?
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@EnergyCredit1 Truly amazing. Bet you it cost >$300mm
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So $AR / $AM spent $300mm on this facility and now shuttering it? Too costly to recycle water in current gas price environment i guess.
wboy.com/top-stories/an…
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@maybebullish @roundhill Well done. I’ve been following y’all from the get go.
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@Teutoburg1 They turned a La Quinta into their headquarters?
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$CHAP No one ask us about our borrowing base redetermination.
**Chaparral Energy sells Oklahoma City headquarters**
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@HiddenPivots For non-technical folks, how to know if your charts are bullish or bearish?
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