Cale Smith

Veteran. Dad. Value investor focused on energy. Islamorada, FL Keys. Views my own. Disclaimer:

[Cale Smith @CaleInTheKeys]

Houston, you should be very proud

[The Ways of A Gentleman @Gentleman_Ways]

Some paintings deserve more than a glance.

Winslow Homer's The Veteran in a New Field is one of them.

[Cale Smith @CaleInTheKeys]

One of seven on the day, thanks to Captain Ted https://t.co/eI5AfwIG1N

[Cale Smith @CaleInTheKeys]

Preserving the Past, One Stroke at a Time – Swim for Alligator Lighthouse Draws Global Competitors https://t.co/U7fgSbtLm8

[Cale Smith @CaleInTheKeys]

@JosieinParadise Ty Josie!

[Cale Smith @CaleInTheKeys]

@AdamWelch_ Hey Adam, great to hear from you! Should catch up more soon! Will ping ya via email, thx for reaching out

[Cale Smith @CaleInTheKeys]

@AmericanGwyn Fantastic - and "a mere 5 percent of the author’s sprawling personal library." It's not hoarding if it's books!

[Cale Smith @CaleInTheKeys]

@retailLNG @Shalennial That's right. Why give away margin? Better to sell steak than cattle

[Cale Smith @CaleInTheKeys]

@retailLNG @Shalennial Yep, SRE release mentioned FOB. Gotta wonder if they evolve into a hybrid-producer-plus-LNG marketer...so more like a mini Shell than a Vitol...tho would obvs take a while. Will see.

[Cale Smith @CaleInTheKeys]

@VGDeepDive @Shalennial Yep. Raises the intriguing question of how they intend to get more FT capacity to the GC in a few years...and have some ideas, but that's probably another thread!

[Cale Smith @CaleInTheKeys]

“infrastructure build” = pipe capacity + marketing capability, tho, not steel-in-the-ground, right? Need FT southbound space on Transco, TCO, Rover, or MVP (when finished) and to add a marketing desk. Shouldn't be a problem. Bigger lift is contracting, but still not too hard a solve. Plus, have years. Neither project at FID yet.

[Cale Smith @CaleInTheKeys]

Market will be cautious until we know if they go tolling, FOB or DES. If go capacity reservation/resell, would de-risk that glut scenario. Either way, zero chance EQT signs up for massive unhedged volume exposure, IMHO. Rice = pretty vocal in past about not taking that kind of risk.

[Cale Smith @CaleInTheKeys]

@Justin_McD01 @LNG_Investor_ @Shalennial Small manner of a year-long moratorium in there on new export permit approvals in the US too, tho, eh?

[Cale Smith @CaleInTheKeys]

@TheOneLanceB Yep, internal bogey of 4.5 so would be almost there. Come on, COP, pool's open, dive on in

[Cale Smith @CaleInTheKeys]

@tylerhnorris Original study here: https://t.co/Af739439sV

[Cale Smith @CaleInTheKeys]

Tip of the hat to @tylerhnorris https://t.co/OxdcbNI173

[DadDontKnow @Cpl_Dont_Know]

Happy Birthday to the US Coast Guard who, let's be real here, still remains the 2nd coolest military organization in this country. Army ain't got shit on this.

[Cale Smith @CaleInTheKeys]

We gotta do better. https://t.co/S2JngozP7X

[Cale Smith @CaleInTheKeys]

@dustinnoe Roger that. Shoot, I'm gonna need another 5 GW myself by the end of the week.

[Cale Smith @CaleInTheKeys]

meh. know a guy who can go 24/7 on just a pack of reds and circle k coffee

[UBTECH Robotics @UBTECHRobotics]

#WalkerS2 - The World's First #HumanoidRobot Capable of Autonomous Battery Swapping.
→ Anthropomorphic Bipedal Locomotion → Autonomous hot-swappable battery system→ Autonomous battery swapping, 24/7 continuous operations
Swarm Intelligence 2.0 is coming soon!