Canes Scotici

Former Investment Banker / Distressed Debt Hedge Fund/Shipping, now building a fully integrated O&G operator in West Africa

[Canes Scotici @scotici]

@TheIcahnist Denis O’Brien - Digicel

[Canes Scotici @scotici]

@TheIcahnist TTF feed-stock and electricity prices, make it unpalatable.

[Mark Kleinman @MarkKleinmanSky]

Revealed: Coastal Africa Group, a cash shell which wants to acquire oil assets in West Africa, will deliver a modest boost to London's struggling new listings market tomorrow when it announces its intention to float and raise about £30m from investors. https://t.co/9BhDKfzTqm

[Canes Scotici @scotici]

@TheIcahnist In my first month of Chems IB, we had a meeting with Jim's son to run through pipeline. He said "DON'T" mention that asset to Jim. On the way back I asked my MD what did it have some noxious substance liabilities? He responded no it's a unionized plant 😅

[Canes Scotici @scotici]

@TheIcahnist also see his prescient interview on his predicted de-industrialization/hollowing of the US through GATT in 1994: https://t.co/4cdLrRIN11

[Canes Scotici @scotici]

@TheIcahnist Sir James Goldsmith was the reason I went into finance. My father had me watch a 4 part series when I was 16yo about the original takeover tycoons of Britain. It's called the Mayfair set by Adam Curtis, I was in awe!
https://t.co/wlJEXIR9CP

[Canes Scotici @scotici]

@paulswaney3 Toolkit

[Canes Scotici @scotici]

@paulswaney3 Integration.

[Canes Scotici @scotici]

@CRUDEOIL231 Beruit: Hotel Albergo, Mayrig and also gota try Em Sherif

[Canes Scotici @scotici]

@Knightlegcap Worked with him, he’s a great guy!

[Canes Scotici @scotici]

@CavaggioniMario Horrible biz, super sticky intangible Capex spend.

[Mats Nilsson @mazzenilsson]

At least 50 fertilizer production facilities have closed in Europe. This is stated in a report by Mitsubishi UFJ Financial Group (a major financial group among the world's top ten).

Fertilizer production in the EU has become completely unprofitable due to gas prices. 75% of the cost of nitrogen fertilizer is the cost of gas.

The rejection of cheap gas from Russia, affordable potash from Belarus, is forcing the EU to shut down its production facilities, which used to supply all of Euopean agriculture.

Fertilizer production in Europe is almost completely stopped, which will eventually force Europe to buy fertilizer or grain as early as 2024.

#säkpol

[Phil Bak @philbak1]

Here is @muddywatersre explaining his $BMXT short:

*70-75% of their US borrowers can't cover debt service
*$16B in swaps are coming off in 2024 and need to refi
*collateral under water by ~20%
*significant dividend cuts and liquidity crisis on horizon

$BX $BREIT

[Michael A. Arouet @MichaelAArouet]

As property purchase in Germany is subject to 10%-13% fees and taxes anyone who bought a house here last year with 25% equity downpayment has just lost his entire investment, young buyers lost all savings 👇 Betongold. (Via HZ)

[Bucket Shop Capital @bucketshopcap]

Pretty clear no one here has any real clue what's going on. So it's just turned into a massive therapy session with L/S folks bitching about shorts & LO droolers replying with galaxy brain math/running AI hyper-growth assumptions out 5+ years.

SO BACK.

[Pete Sampras @KillinGswitCH98]

Bund reaction to spanish inflation:

[Yaron Naymark @1MainCapital]

Imagine being an LP in BlueCrest, having your money returned in 2016, and then seeing it put up these numbers over the next 6 years.

[Chris Bakke @ChrisJBakke]

Someone in 2023 is going to build a new WeWork by signing office leases at all time lows in major cities with desperate landlords, build a better brand, sell $1B in secondary, buy a private plane, and just loop the whole story over again.

[LilMoonLambo @LilMoonLambo]

A helicopter being cheaper than a taxi is the best way to describe how living in New York City is like

[Bong Capital @BongCapital]

Hold on… how nice is SBF’s parents’ house???