LongerLateral

Oil and Gas and Other Things

[LongerLateral @LateralLonger]

@rationalmnav @parkeralewis Terminal value matters.

By your same logic the bitcoin is worth nothing unless the company is liquidated and distributed to common.

[LongerLateral @LateralLonger]

@rationalmnav @parkeralewis The cost of capital on the preferred is 10-13%

You can get a HELOC today for like 5-6%.

[LongerLateral @LateralLonger]

@rationalmnav @parkeralewis Non control equity always trades at a discount to controlling equity.

Same concept.

Owning 1 bitcoin in a wallet that you control is more valuable than paper shares in a company representing 1 BTC that you don’t control.

Pretty simple.

[LongerLateral @LateralLonger]

@GuyTalksFinance You spent a really long time on here talking about renting being better financial decisions than owning. Clown.

[LongerLateral @LateralLonger]

@givenhumanvibes @JustinWillough7 @Rainmaker1973 Ok, yes that is a more precise description

[LongerLateral @LateralLonger]

@Rainmaker1973 Guajillo are not Serrano.

[LongerLateral @LateralLonger]

@JustinWillough7 @Rainmaker1973 Green jalepenos turn red as they dry out

[LongerLateral @LateralLonger]

@koda1338 @litcapital @AOC @GovKathyHochul NY is next to the most productive gas play in the world. In fact parts of the Marcellus are in NY but the state banned fracking and restricted interstate pipelines

Overall, the Marcellus has take away constraints in search of a market.

Any energy shortage in NY is self imposed

[LongerLateral @LateralLonger]

@TenagliaTrading @pmarca You missed the point. All the red items are things that govt is involved in. Their meddling makes it more expensive. The blue items are free markets.

[LongerLateral @LateralLonger]

If you had to simplify it to one metric when deciding who to accept, select the ones who will decrease the deficit over the long run instead of those who will increase the deficit.

[Paul Graham @paulg]

@Noahpinion It's fine to want lots very smart people to come to the US. It's more controversial to want to keep out all other immigrants. And it is a bit hypocritical to want to do this when you yourself would be among the people being kept out.

[LongerLateral @LateralLonger]

@paulg @Noahpinion If you had to simplify it to one metric when deciding who to accept, select the the ones who will decrease the deficit over those who will increase the deficit in the long run.

[LongerLateral @LateralLonger]

@FreddyLA7 https://t.co/s1r4c5pG6o

[LongerLateral @LateralLonger]

@FreddyLA7 https://t.co/s1r4c5pG6o

[LongerLateral @LateralLonger]

@FreddyLA7 https://t.co/s1r4c5pG6o

[LongerLateral @LateralLonger]

@mhp_guy Similar to what JSX is doing based out of Dallas

[LongerLateral @LateralLonger]

@EnergyCredit1 Don’t recall a locker room revolt over this.

https://t.co/a9LeDyvBf9

[LongerLateral @LateralLonger]

@BrianSt79647238 @USATODAY Rounding

[LongerLateral @LateralLonger]

@denverbitcoin I’m just confused. Eyeballing it compared to HH doesn’t look like net price was negative >60% of the time but could be wrong. And second part makes it sound like net price was negative 100% of time.

[LongerLateral @LateralLonger]

@BenjiBacker Can’t wait til you learn how much water is used to frac an oil well.