adwasy

Tight hole stimulator in the wcsb.
A really shitty polymath.

[adwasy @adwasy]

I just don't care about Iran anymore. World Cup is on and it's summer. Let's resume this in October.

[adwasy @adwasy]

@VanIsleInvestor Haven't seen a buy in a while. Nice.

[tobi lutke @tobi]

You have absolutely disgraced yourself publishing this, globe.

We all clearly don’t hate the media enough.

[Rock Creek Freak @rockcreekfreak]

@CommodMkt @trend_bullish Well Jeff what’s the catalyst to change this I bought oil on your recommendation and now I’m a BAGHOLDER!!!

[Andreas Steno Larsen @AndreasSteno]

Most oil traders are probably seeking mental health support by now

[Michael "Barnacle" Spyker @ShaleTier7]

If I've said it once I've said it a million times -- Whitecap is an absolute masterclass Montney operator.

Take a look at how these two Montney pads have evolved over the past year. The west pad is Whitecap and the east is ARC (soon to be Shell).

When you open the choke of a well, you lower the flowing pressure, and create more drawdown. The bigger the differential between the harder the reservoir pushes molecules into your wellbore -- i.e. HUGE initial rates.

But here in the Montney, this IP-maxxing can drop the condensate out of the stream, and impair the reservoir near the wellborn (banks, fines/sand, whatever). Effectively you trade a few more barrels today, for a lot of barrels in the future.

Whitecap is HEAVY on the choke in early time production to manage drawdown, while ARC was loose. Because these wells are so productive, the difference in payout is minimal. What the charts show below are (1) gas/oil production -- note how ARC initial rates are massive, and Whitecap's are shallower, BUT THEN (2) even though Whitecap's wells are less productive initially, they recover a ton more oil/condensate, almost ~200,000 Bbls more. That's what the second set of charts shows; and those few more months where condensate is in the stream matters a lot!

The third chart/diagram shows cumulative sales, where Whitecap's wells on the same plane are producing in-line with ARC's, but Whitecap is stimulating more of the vertical section. In terms of condensate, ARC is getting ~710MBbls * 9 WPS so 6.4 MMBbls from 2 sections, and Whitecap is getting 875MBbls * 8 WPS so ~7 MMBbls from 2 sections. There's room for Whitecap to go a bit tighter, but it's ~10% higher EUR at current configuration... and if I were a betting man, I'd say that Whitecap downspacing on their new pad to the west will probably be a defensible move.

I like the Whitecap wine-rack to maximize stimulated reservoir volume. The worst Whitecap wells have ~the same CTD sales production as the ARX wells... which tells you something about what Whitecap's ultimate recovery factor will be here.

Cannot say that Whitecap has been anything but an absolute GOATed unconventional operator despite only having a few years under their belt corporately.

[adwasy @adwasy]

Was a sell signal

[adwasy @adwasy]

Breaking even on my oil and gas investments once again. #iloveblowofftops

[adwasy @adwasy]

Breaking even on my oil and gas investments once again. #iloveblowofftops

[adwasy @adwasy]

@VanIsleInvestor Today is shitco Monday 🤷🏻

[adwasy @adwasy]

The Strait will be closed over Stampede and WTI will be under $100. Mark my words.

[Cigarette Nostalgia @CigsMake]

How Iife be feeling

[Hunter Biden @HunterBiden]

@SleepyManny Man if you’re going to be mean and least get it right. I smoked crack. I would never have wasted coke on snorting it.

[Mario Zelaya @mario4thenorth]

The Canada Pension Plan (CPP) has over 2,000 employees.

Top 5 managers, make more than $5 million per year.

They have never beaten the market.

Nevada has 1 guy. Who invests in ETFs.

Does nothing. All day.

And he outperforms the CPP.

Consistently.

For further context, if CPP invested in QQQ, for the last 10 years, instead of $800 billion in assets, we would have $2.4 Trillion.

VOO would put it at $1.6 trillion.

Lesson: The government will never outperform the market.

So don’t think the Sovereign Debt Fund will be any different.

[adwasy @adwasy]

The @nationalpost has been on this for years. Rest of the media, agreed.

[John Daniel Davidson @johnddavidson]

Five years ago, a moral panic gripped Canada over a story that was obviously fake but that so perfectly confirmed the biases of anti-Catholic liberals, no one in the media or the political establishment bothered to check its veracity.

The Globe and Mail recently ran an editorial acknowledging its role in the hoax. To date, it’s the only media outlet that has done so.

[adwasy @adwasy]

Buddy in my backcountry ski group chat just asked what we thought about $SOXX. Top top top top top top top top top top top top top top top toppity top.

[adwasy @adwasy]

@peasoup_93 Medical-grade copium

[adwasy @adwasy]

@EnergyPeddler My interest is purely academic (not because I'm balls deep in E&Ps).

[Andrew Kuhn @FocusedCompound]

"Sir, the energy bulls are demoralized"

"Bomb Iran"

"Sir, they're starting to bid up oil"

"Good, get them all in"

"Sir, longs are loaded again"

"Tweet 'deal imminent' tomorrow. Crush them"

[adwasy @adwasy]

@ollie_ches @RealPETE2020 https://t.co/Xq1OkocbaI