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IM ASKING FOR BASIC HUMANITARIAN AID THIS MORNING
WHERE IS MY ZYN AND ESPRESSO
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King Pat v.3
7.1K posts
King Pat v.3
@modelsnadderall
Buyside Bateman
Miami, FL Katılım Mayıs 2022
1.6K Takip Edilen3.5K Takipçiler
@2020Upstream You know you could buy good companies right
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I'm starting to think people don't like the Western Haynesville.
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King Pat v.3 retweetledi
Homeless guy is asking for money outside the gas station
I tell him I don’t have any cash but he can come in with me and grab a snack
He meets me at the counter a few minutes later with $20 worth of beer and food
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King Pat v.3 retweetledi
ahhhhh I'm Ryan Cohen and I'm on CNBC and the journalists are asking me questions while I'm on CNBC ahhhhhh
Wall Street Rollup@WallStRollup
Andrew Ross Sorkin challenged GameStop CEO Ryan Cohen on how $GME has enough financing to acquire $EBAY
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@alex__pitti I would guess something like this?
“Hey ChatGPT, what’s Apple do and what will their earnings be? Make no mistakes.”
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Heard from a buddy at a single manager
His boomer PM is telling everyone excel is obsolete now with AI and if you’re caught wasting time with excel you’re done.
Wtf… feel for the guy
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@LongVollllll Oh buddy you must be way behind. THERE ARE NO MODELS
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@modelsnadderall How are you suppose to play with a model without excel, I don’t get it
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@modelsnadderall Right directionally
Wrong about why
Terribly off on timing
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I told him he should tell his boss to fuck off and let him do his job while he finds a new role.
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@ShaleTier7 They know she owns stock. Market gods are punishing her.
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How does Vicki retiring send the stock LOWER?
zerohedge@zerohedge
*OCCIDENTAL PETROLEUM SLIPS TO SESSION LOW AS CEO TO RETIRE
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This is an interesting debate imo.
I think it completely depends where you’re at in your corporate life. Small/new and just trying to grow? Sure hedge at prices where you know you can execute in the early years.
Levered too much? Sure hedge if you want.
I think if you’re going to hedge, consistency is probably the most important aspect, as you point out.
If you’re a well established producer with low breakevens and now playing the IR game, I think you might as well be unhedged. Lots of investors want the oil exposure as a hedge and might write off the stock if they don’t have that right tail.
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Disagree with Tom especially for non-op where you have almost no control toggles and should desire to protect returns in some manner.
I *LOVE* to see hedging losses -- great problem to have. Your unhedged production is riding at a higher price then you were happy to plan your business at.
What bothers me the most is when people hedge at shitty prices then don’t hedge higher at $95-100. Like, OK, so you were happy planning your business at $62.80/bbl, but the second you can lock in $91.72/bbl you want “more upside”???? What?!??!!!?!?!
Strong hedging ability is a truly underrated ability imho.
Tom Loughrey@TomLoughrey_LFE
Why is non-op hedging at 55% and wiping out their quarter? As a commodity business, failing to make money when good things happen is very bad.
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Gentle reminder that $55,000/BOE/d is absolutely *not* a comparable metric to other Montney companies that are far gassier than ARC.
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King Pat v.3 retweetledi
There is a whole industry out there catering to the belief that somehow there is a market 'disconnect.'
There is none.
You cannot compare landed prices of oil having sat a vessel in PG for a month (demurrage) to oil futures.
Erich von Däniken would have loved it.
Energy Aspects@EnergyAspects
Brent futures in the mid-$90s. Physical cargoes landing in Asia at $170/bbl. Dated Brent above $140. The gap between paper and physical crude prices has widened to levels that are distorting refining economics, hedging strategies and procurement decisions globally. In our latest blog, we break down what is driving the disconnect: reduced risk budgets, raised margin requirements, hedging dislocations and procurement cycle mismatches. We also explain why the convergence, when it comes, will start with products, not crude. See what’s driving the disconnect: ow.ly/MYFe50YOpXy #EnergyAspects #Crude #OOTT #Brent
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@ShaleTier7 I made a similar chart last week to try and explain to some boomer generalists
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Legitimately probably the best chart I've seen on oil, like, ever. No, financial futures aren't "paper barrels", this shows its extension of the physical market very eloquently.
Rory Johnston@Rory_Johnston
Charting the Brent complex today to add some context to the numbers bouncing around. Pretty well everything weird in the current oil market can be explained via *extreme* backwardation (i.e., near-term delivery premia), and as you can see the intense futures curve backwardation extends into even more acute backwardation in the physical Brent CFD pricing curve. Keep in mind that physical deliveries are currently going for ~$20/bbl *over* Dated Brent atm, representing yet more backwardation through to final delivery and yielding ~$150/bbl physical crude acquisition price. Brent phys traders please do share your feedbacks on anything critical I've glossed over (or how best to visualize that physical delivery premia)
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