Cost of Equity Capital

High up the capital stack

[Cost of Equity Capital @CostEquity]

When the former CFO of $SWN and current SVP of “Government and Regulatory Affairs” likes your tweet about Oil and Gas execs being overpaid

[Cost of Equity Capital @CostEquity]

Why is every oil and gas executive I know richer than me? I’ve generated more client returns than any of my underlying portcos yet every Tom, Dick, and Harry at an E&P above the age of 29 makes me looking like I’m fucking homeless

[Cost of Equity Capital @CostEquity]

Look at this playboy

[Urban Cowboy @The_UrbanCowboy]

@CostEquity I hope you have better stories than this given the sh*t sector you’re representing, this should be considered child’s play.

[Cost of Equity Capital @CostEquity]

@TomLoughrey_LFE Thanks player.

[Cost of Equity Capital @CostEquity]

My best Energy mgmt team story. At Capital Grille for a roundtable dinner with an E&P team including CEO. An hour into the dinner, some dorky looking 30 something who hadn’t said a word the entire time called the waiter over and said “can I get a Johnnie Walker black double neat”

[Cost of Equity Capital @CostEquity]

Alcohol and coffee is a weird combo. I take the shits of a lifetime when I combine. Still feeling it.

[Cost of Equity Capital @CostEquity]

If you have any pictures of your butt you’d like to send, I wouldn’t be opposed.

[Cost of Equity Capital @CostEquity]

@MLPguy @mr_skilling On the flip side, private midstream is very willing to take meetings, but everyone wants to meet with them so it’s hard to get in sometimes

[Cost of Equity Capital @CostEquity]

A couple years ago I was at a dinner with 3 people and the management of a mid size public E&P. CEO asked why we thought the stock wasn’t going higher and what they could do to change that. Literally not one of the 3 of us responded.

[Cost of Equity Capital @CostEquity]

@EthanHBellamy @MLPguy @mr_skilling I’ll admit, I’m guilty of this too. But personally, I’m an unconstrained investor, so I’m not too interested in providing input to recommend changes. I just go with what I see.

[Cost of Equity Capital @CostEquity]

@MLPguy I got the caddy shack reference, but I thought the IR job line may have been added in haha 😂

[Cost of Equity Capital @CostEquity]

@Henry_M_Hoffman @EthanHBellamy @MLPguy @mr_skilling 100% agree with the first line. Even buyside across non-dedicated energy strategies won’t ask much. Maybe they know the answer, but it feels like wasted meetings half the time

[Cost of Equity Capital @CostEquity]

@Henry_M_Hoffman @MLPguy @EthanHBellamy @mr_skilling I’ve found in energy, very very few people really challenge them both in a public or private forum. Even buyside has been very cautious.

[Cost of Equity Capital @CostEquity]

@MLPguy Omg is this an actual line from them?

[Cost of Equity Capital @CostEquity]

What irritates me more? PE NAV‘s or dumbass financial advisors 🤔

[Cost of Equity Capital @CostEquity]

I can’t think of anything that fucked up my 20’s more than @CFAinstitute and @CFAInstituteCEO. I got paid not by learning about Ethics, but quite frankly the exact opposite. How much more ass I could have gotten instead.

[Cost of Equity Capital @CostEquity]

Would I rather get the plague or be a @CFAinstitute charterholder? I only have one and the plague would be better than the CFA experience

[Cost of Equity Capital @CostEquity]

Like a sick bastard, I’m getting tempted by that 19% $ET yield

[Cost of Equity Capital @CostEquity]

.@FerroTV you’re a “TV Actor”. You playing chess while we playing checkers.

[Cost of Equity Capital @CostEquity]

What did you top out in for annual career earnings?

[Cost of Equity Capital @CostEquity]

My severance package is 2 weeks of health insurance and all the porn downloaded onto my work computer.