Michael Glen Smith

CPA/Fractional CFO in McKinney, TX. Tweet occasionally on energy. Tweets not tax advice or financial advice.

[Michael Glen Smith @mgsmithschedule]

@SecretCFO I get the impression this is why Greg Abel is acquiring Google stock. If the capex disappoints, Google's MFCF will likely remain strong.

[Michael Glen Smith @mgsmithschedule]

@ira_joseph @ColumbiaUEnergy E.g. Imagine if methane allocation in the Permian were tied to Midland and Waha instead of straight energy content? It'd be some of the best gas in the world! Instead it's one of the "worst."

[Michael Glen Smith @mgsmithschedule]

@ira_joseph @ColumbiaUEnergy That's doing the wrong thing for the wrong reason. Methane emissions regs ignore economics and are almost hopelessly conflated with methane use. Russia was a very different nation in 1997 than it was in 1977. Pressure on Russia should tie to geopolitics, not climate rules.

[Michael Glen Smith @mgsmithschedule]

@MrFamilyOffice Get about 4 emails like this every day.

[Michael Glen Smith @mgsmithschedule]

@VCBrags "Absolutely ridiculous. I don't paint."

[Michael Glen Smith @mgsmithschedule]

@VCBrags

[Michael Glen Smith @mgsmithschedule]

I thought Mbappe would pass Messi for sure on World Cup goals just based on Mbappe's longer runway, but Messi sure ain't going down without a fight!

[Michael Glen Smith @mgsmithschedule]

@aeberman12 @seb_kennedy We lost. Maybe in a British after Yorktown "just isn't worth it" way, but we still lost.

[Michael Glen Smith @mgsmithschedule]

@amirtibon @WAR527 This overstates the case quite a bit. There is no stomach in the US for sanctions on Israel, and it remains wildly popular with a subset of the population. But it's absolutely true that this war has weakened the US-Israel alliance, on both sides of the aisle.

[Michael Glen Smith @mgsmithschedule]

@LizAnnSonders @SocialSecurity @DataArbor Raising the retirement age raises the living standards of everyone involved by growing the labor supply and raising real output. Any other "fix" results in slower real growth. Seniors may fight bitterly for this program if they choose, but they do so at the expense of the future.

[Michael Glen Smith @mgsmithschedule]

@BoringBiz_ I get the point. I don't think Ackman is saying we should buy $SPCX. Just that a stock with an absurd valuation has an absurd advantage when it comes to raising equity and doing deals. The upshot is you'd better do some good deals or your valuation won't be absurd for long.

[Michael Glen Smith @mgsmithschedule]

@BlueFlameBlues Damn that sucks. Electricity might be available when people actually need it. Can't have that.

[Michael Glen Smith @mgsmithschedule]

😄

[james hawkins @james406]

happens to the best of us

[Michael Glen Smith @mgsmithschedule]

@Energy_Tidbits Still a lot of empty seats.

[Michael Glen Smith @mgsmithschedule]

@HowToBBQRight Was having one at the Ball and Chain a week ago!

[Michael Glen Smith @mgsmithschedule]

@SMB_Attorney The Museum Tower was a large real estate deal (not a VC deal) that made up a huge portion of the Dallas Police and Fire Pension. The main issue is the investment amount relative to the portfolio as a whole, not trying to figure out what constitutes "gambling" for a pension.

[Michael Glen Smith @mgsmithschedule]

@dampedspring @StoneHillWealth @bauhiniacapital S&P needs TTM GAAP profit anyway, so SpaceX won't qualify for a while. Not sure if they were considering dropping that requirement.

[Michael Glen Smith @mgsmithschedule]

I must admit, I underestimated DJT's willingness to look stupid here.

[Michael Glen Smith @mgsmithschedule]

Still my prior that this thing isn't over yet and negotiations are a ploy to get more soldiers in theatre for the real operation. If it is what it looks like, it's one of the most embarrassing strategic positions the United States has been in in a long time.

[Michael Glen Smith @mgsmithschedule]

@johnarnold @cody_a_hill Schwab is in Westlake (Fort Worth)

[Michael Glen Smith @mgsmithschedule]

@SecretCFO Gives you just the warm fuzzies about where stock analyst incentives lie, doesn't it?