Angry Chad

Week long off-site in Banff to come up with our next great idea

@EnergyCredit1 Looks like they have a premier, highly scalable asset and are in need of a massive cash infusion to fund a recap & robust capex plan. Oro seems ripe to drill and flip. Will have some of the guys reach out. Thanks for the lead.

@TheZiz74 That’s what the pitch said?

@chad_angry I honestly didn't know there was such a thing as a "premier TMS asset"

Poll: Looking at new, but highly experienced team. Premier TMS asset for 2.8x EBITDA / $2k/ac. Stacked pay with Austin Chalk. $400MM capex plan. Exit in 2 years for a 5x. What you think?

@MOAR_Drilling @EnergyCredit1 Anyone able to intro to Jerry? We love funding all cubes. Easiest way to deploy $300MM/section. Max scalability = max fees!

@EnergyCredit1 Jerry told me personally, $CRK is finally going to act tough and relinquish the long failing gas only exposure and bring in the CUBE-where we are not weak on efficiency and on cycle times. I am coming for you Cotton Valley, Bossier & Smackover!

Narrator: they closed a large acquisition in July. #defense

@EnergyCredit1 On the private side we’re definitely going to have to cut wages to keep GP wages trending up. Ridiculously, the LPs are driving our fees down. It’s bullshit, we’re only struggling on a dozen or so deals.

chat w someone involved in comp at public e&p.... discussions of wage deflation taking place or will take place soon. if you don't like it, plenty of people will be on the street that will take the lower comp believe it when i see it

@CostEquity Speaking of retards, will someone please tell that asshole on LinkedIn that people DGAF about his #hottakeoftheday

Why is everyone a retard

Heard through grapevine GSO got their wings clipped on next fund and have an e&p limit. Even the biggest and baddest in the sector gotta be fubar'd.

Another rough day in market today. Think chartities give refunds for $50k tables? Asking for a friend....

You guys on Fintwit need to chill with the rhetoric, your getting my LP’s all riled up. They can relax. My marks have our latest fund >1.8x. As long as 7x EBITDA buyers on 80% PUDs show up, we’re totally fine.

@EnergyCynic Don’t care what prices are - we have to invest the committed capital to collect that delicious 2%. Can’t go to Vail, can’t have two nannies, can’t afford the club without it. Moving out to Katy and getting a real job is simply NOT an option.

The next victims of energy fintwit will be private equity E&Ps... still paying $20k/acre for this stuff? What? These idiots really think this is a “temporary lull”.

@EnergyCredit1 @WillRayValentin @Suicide95518428 Let me know if you guys need some creative financing solutions - happy to provide Series H perpetual convertible preferred at L+800

@WillRayValentin @Suicide95518428 Yes of course. No OTC. US based only.

Escalation of China trade war = quicker demise of US energy, imo Walking dead watch for tens of companies Everything has to be re-struck at lower valuations

@WillRayValentin @EnergyCredit1 Pls delete ASAP. If this gets back to Becky's dad he will kill me. Already said he's leaving us no more than $10mm if I don't make partner

@HalliBu78316368 @EnergyCynic Probably even better than the Stack, but it’s a toss up, both are premier stacked pay assets with leading half cycle returns and decades of inventory, at least that’s what Jeffries told us.

Gut wrenching day today. Watching energy action you begin to recognize that tens of thousands about to lose their jobs. But at least [insert incompetent capital destroying O&G CEO] is rich and still at it... This god damn industry.

@EnergyCredit1 But like, our next fund is still a go, right? Becky will be so pissed if we have to fire the second nanny.

@mr_skilling If the kiosk in the tunnel sold these, they’d certainly get better returns than our LPs.

@PUndeveloped True, but the partners told the LP's we're raising a yield fund and it needs more dry powder, #suckers. We may get to $6B on the next one if Dad would help. Good thing because I need the promotion - tired of using the in-laws place in Vail

@chad_angry You won’t have to worry about that my friend. Plus if you only raised a little $4Billion fund then you probably weren’t that successful investing/selling poo poo companies to begin with.

The problem with shale isn’t the economic viability of the rock. There are thousands, if not tens of thousands, of well locations (yes mostly in Permian) that will generate a half-cycle return of >40% IRR. The problem with shale are the companies that operate in shale.

Hey @mr_skilling - would you please stop exposing all the Aggie energy execs? You're ruining the pipeline of buyers for my poo poo platter portcos. This Tanglewood mortgage isn't going to pay for itself! At this rate we may have to move to West U!