“You can pump 24 hours a day, but physics become involved and you start going down a certain ID (inside diameter) of pipe at a certain rate, at a certain pressure. Those are finite—you can’t get any more” L o L

Equity analysts love citing “limits of physics” or bottlenecks in bringing new supply online. “They literally can’t have more trains or trucks deliver sand” “in basin sand isn’t spec’d to the right quality and won’t work / causes more wear on equipment” blah blah

“Manufacturers literally can’t make enough pumps or grow crews fast enough” “They shouldn’t trade on BV anymore bc of service contracts with E&P and earning entire market cap in cash next 3 years at these margins”

@P_Remarks Any excuse to put peak multiple on peak earnings as always