Systems Overloading

[Systems Overloading @westfald]

@crippdaddy91 @BigJohn043 I don’t really care much for them either. I was an associate for 3 years. My IB analyst classmates tho, love them. I’m just so disillusioned with that industry, what I saw, how people at the top behave. They have too much power for as poor as their morals are.

[Systems Overloading @westfald]

@kells940 @zacurate They are actually a decent operator. Running a balance sheet however not so much

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@ShaleTier7 The autism is strong with this one 🤣

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@gaboelpantera @PlusLuxbs I think they were mercenaries.

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@renewableworks @JoshYoung I was gonna say let’s adjust the axis there a little bit!

[Systems Overloading @westfald]

@IAmClintMurphy @robbiehendricks You didn’t read it right. Over 10 years the LP gets a 3-4x NET after everything. Vs today a 2x deal multiple, gross to debt and working capital adjustments. So probably 1.5 to 1.75x depending on how levered, then you have to take in the pref and then upside payout

[Systems Overloading @westfald]

@OilCoIntern @robbiehendricks Keep your money in the ground unless you have a reason not to.

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@robbiehendricks normally, I’d say #2, you just bought the asset. But your hypothetical doesn’t make sense. The asset can CF its way to return back all capital in 3yrs but needs another 7 to hit a 3x?

[Systems Overloading @westfald]

@BoringBiz_ Homeboy doing full distressed credit post mortem’s for fun, the tism is strong here

[Systems Overloading @westfald]

@shawnrbhatti @ADeermount I hope his career is over. All the PE-verse acts like tough guys. They will dice up a portfolio company as needed, zero regard for human impact. So when they fail it’s their own game they created. Fuck em

[Systems Overloading @westfald]

@hitsamty “We rat fucked you guys, so sorry, but we still got a taste with the admin fee so we chillin”

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@junkbondinvest What happened with manu in 2Q25?

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@WAR527 I like JP, but I wouldn’t let their mid-level guys sell used patio furniture on FB Marketplace for me. I can’t remember the last upstream deal Intrepid did, mostly midstream. Very weird boutique bank merges with another weird team

[Systems Overloading @westfald]

@IntellChaos @DukeReaction @cenkuygur Did the IDF send anyone to help with surges in Afghanistan? Did they send anyone to help in Ramadi or Fallujah in Iraq? What about this latest war in Iran? Were there IDF marines ready to stand next to their American counterparts take Kargh Isalnd? no, not once not ever

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@EnvictedYaoiFan @OpticNoir They got their asses kicked in this scene

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@marklevinshow Mark you are sick and vile. GTFO out of US we don’t want your ass here

[Systems Overloading @westfald]

@OilDegenerate @kells940 @FauxRight @AFELeaks This guy gets it. This is the oil business, if you don’t have shit to drill you’re just an asshole burning G&A

[Systems Overloading @westfald]

@zacurate @kells940 Me too!

[Systems Overloading @westfald]

@Oandg_Hardo @WAR527 Prices are high, backend of the strip is up, upstream PE is dumping everything they can