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taking a sabbatical is massively credited. taking/giving Qs

...
charismatic opaque newt death wish
  01/18/18
i took a year off when my son was 2 and it was great
multi-colored sex offender
  01/18/18
utterly perfect moniker/poast synergy
charismatic opaque newt death wish
  01/18/18
...
charismatic opaque newt death wish
  01/18/18
I fantasized about this during my biglaw days. I saw several...
talented sepia reading party rehab
  01/18/18
hopefully 3-6 months. I just sold my portion of a partnershi...
charismatic opaque newt death wish
  01/18/18
CR man. The less you need it the more you're desired
Comical range regret
  01/18/18
no idea why it works out like that, but I'm enjoying it lol
charismatic opaque newt death wish
  01/18/18
oddly credited: going out late on a Tuesday night. I never w...
charismatic opaque newt death wish
  01/18/18
Are you in oil? What's a good way to make it rich if you kne...
startled fiercely-loyal field nowag
  01/18/18
yeah, I co-founded a partnership 4 years ago that hit $15,00...
charismatic opaque newt death wish
  01/18/18
The safest way to invest in an oil rebound is to buy stocks,...
charismatic opaque newt death wish
  01/18/18
Thanks for the thorough response. SU looks too stable though...
startled fiercely-loyal field nowag
  01/18/18
Whiting is a shale company which is a TOTALLY different anim...
charismatic opaque newt death wish
  01/18/18
How is shale oil different? Thinking of buying some call opt...
startled fiercely-loyal field nowag
  01/18/18
that a long ass story, pumbro. I'm sure you'd get bored duri...
charismatic opaque newt death wish
  01/18/18
Thanks I'll try to digest all that. So shale is more highly ...
startled fiercely-loyal field nowag
  01/18/18
yep. most people don't evaluate it that way though--they sti...
charismatic opaque newt death wish
  01/18/18
...
Rough-skinned arrogant bbw stain
  01/18/18
you ever taken a sabbatical bruh? I was hitting my limit of ...
charismatic opaque newt death wish
  01/18/18


Poast new message in this thread



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Date: January 18th, 2018 10:42 AM
Author: charismatic opaque newt death wish



(http://www.autoadmit.com/thread.php?thread_id=3863596&forum_id=2#35182514)



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Date: January 18th, 2018 10:44 AM
Author: multi-colored sex offender

i took a year off when my son was 2 and it was great

(http://www.autoadmit.com/thread.php?thread_id=3863596&forum_id=2#35182536)



Reply Favorite

Date: January 18th, 2018 10:44 AM
Author: charismatic opaque newt death wish

utterly perfect moniker/poast synergy

(http://www.autoadmit.com/thread.php?thread_id=3863596&forum_id=2#35182543)



Reply Favorite

Date: January 18th, 2018 10:49 AM
Author: charismatic opaque newt death wish



(http://www.autoadmit.com/thread.php?thread_id=3863596&forum_id=2#35182584)



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Date: January 18th, 2018 10:53 AM
Author: talented sepia reading party rehab

I fantasized about this during my biglaw days. I saw several female associates do this. Once of them came back after a 6 month break and made partner 2 years later. The other came back for a few months and then bounced in house. How long will you be off?

(http://www.autoadmit.com/thread.php?thread_id=3863596&forum_id=2#35182613)



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Date: January 18th, 2018 10:57 AM
Author: charismatic opaque newt death wish

hopefully 3-6 months. I just sold my portion of a partnership for a tidy sum of cash and have passive income from a royalty package that I took with me, paid off student loans etc, so I can afford to take the time

I'm hitting up the big petroleum expo in Houston next month just to keep the irons in the fire but that's all I really have planned. I'm already getting cold offers for jobs now that I'm a free agent. seems like money and pussy chase after you when you don't want or need either of them.

I'm really hoping I can start buying slumlord rental properties so I can extend the sabbatical into permanent early retirement by the time I turn 40, but we'll see what unfolds

(http://www.autoadmit.com/thread.php?thread_id=3863596&forum_id=2#35182649)



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Date: January 18th, 2018 11:30 AM
Author: Comical range regret

CR man. The less you need it the more you're desired

(http://www.autoadmit.com/thread.php?thread_id=3863596&forum_id=2#35182907)



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Date: January 18th, 2018 11:38 AM
Author: charismatic opaque newt death wish

no idea why it works out like that, but I'm enjoying it lol

(http://www.autoadmit.com/thread.php?thread_id=3863596&forum_id=2#35182987)



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Date: January 18th, 2018 11:07 AM
Author: charismatic opaque newt death wish

oddly credited: going out late on a Tuesday night. I never was able to do this due to working business hours but holy fuck, the bars are packed with hot serving staff who have mid-week weekends.

(http://www.autoadmit.com/thread.php?thread_id=3863596&forum_id=2#35182727)



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Date: January 18th, 2018 11:28 AM
Author: startled fiercely-loyal field nowag

Are you in oil? What's a good way to make it rich if you knew oil was going back up to $80-100?

(http://www.autoadmit.com/thread.php?thread_id=3863596&forum_id=2#35182884)



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Date: January 18th, 2018 11:29 AM
Author: charismatic opaque newt death wish

yeah, I co-founded a partnership 4 years ago that hit $15,000,000 in revenue this year but I had a falling out with my partner about a year and a half ago that eventually got unbearable

so I negotiated a structured buyout of my equity and resigned January 1

kind of ready to do my own thing anyway. a rapidly growing company is overrated

(http://www.autoadmit.com/thread.php?thread_id=3863596&forum_id=2#35182892)



Reply Favorite

Date: January 18th, 2018 11:47 AM
Author: charismatic opaque newt death wish

The safest way to invest in an oil rebound is to buy stocks, not flame. The shit I pulled off requires a lot of training, specialty knowledge, and a mentor. And it's insanely high risk.

Educate yourself about different heavy hitter oil companies, their valuations, debt, and future production plans. Focus on the grades of crude they're producing.

Ex: I'm holding Suncor stock right now because they're the Exxon of oil sands development and not very expensive. Oil sands mining produces an extremely heavy, sulfurous grade of crude called Western Canadian Select. WCS trades at a heavy discount to WTI. Sounds bad, but not so fast: Venezuela also produces shit quality crude and many of our Gulf refineries are equipped to refine it and pay the best spot price for it.

So logically, when Venezuela's production collapses, those refineries will seek a replacement heavy crude source. Canada is your winner. If you think Venezuela is going tits up and its fields will collapse, investing in oil sands development and heavy crude refiners makes sense. You'll get the added benefit of the tightening of WCS prices vs. WTI, compounded by WTI lifting WCS as it approaches $80-$100.

If you choose to invest in shale development, though, that's a whole other story. Shale valuation has very little to do with production or sale of oil like the more traditional companies do.

(http://www.autoadmit.com/thread.php?thread_id=3863596&forum_id=2#35183070)



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Date: January 18th, 2018 2:43 PM
Author: startled fiercely-loyal field nowag

Thanks for the thorough response. SU looks too stable though. My hedge fund bro told me to look at whiting and California resources corp for potential E&p plays that could go 4x+.

(http://www.autoadmit.com/thread.php?thread_id=3863596&forum_id=2#35184325)



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Date: January 18th, 2018 2:46 PM
Author: charismatic opaque newt death wish

Whiting is a shale company which is a TOTALLY different animal that not many people, especially "investment professionals," understand.

CRC looks to be more conventional though so maybe that would be a bet if you want crypto gains, but I'm not very familiar with the company.

I do agree, Suncor is a long term conservative hold to play geopolitical risk.



(http://www.autoadmit.com/thread.php?thread_id=3863596&forum_id=2#35184338)



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Date: January 18th, 2018 2:48 PM
Author: startled fiercely-loyal field nowag

How is shale oil different? Thinking of buying some call options on these. Implied volatility is a bit high though

(http://www.autoadmit.com/thread.php?thread_id=3863596&forum_id=2#35184351)



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Date: January 18th, 2018 2:57 PM
Author: charismatic opaque newt death wish

that a long ass story, pumbro. I'm sure you'd get bored during my sermon.

the tl;dr investment version: debt = cancer.

pick a company that has low debt, or a proven track record of refinancing its debt if you're more risk tolerant. check the 10Q for their price-per-barrel G&A expenses and average lifting costs.

MOST important of all: check and see how successful they are in offloading assets to other companies after they've drilled them and figure out the price per acre they sold for (take the purchase price divided by the net acres, they usually have both in the press release). The real money these companies make is moving large amounts of acres to bigger idiots for more than it took for them to pick it up.

if a company doesn't have all of this info easily accessible, or they're operating more than $30-35/bbl all in, they're garbage.

your hedge fund bro would probably disagree with me but my knowledge comes from a different perspective clawing and building a company from scratch. YMMV.

(http://www.autoadmit.com/thread.php?thread_id=3863596&forum_id=2#35184422)



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Date: January 18th, 2018 3:06 PM
Author: startled fiercely-loyal field nowag

Thanks I'll try to digest all that. So shale is more highly leveraged debt financed and more reliant on selling off assets?

(http://www.autoadmit.com/thread.php?thread_id=3863596&forum_id=2#35184469)



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Date: January 18th, 2018 3:10 PM
Author: charismatic opaque newt death wish

yep. most people don't evaluate it that way though--they still get horny about well results (which are mostly flame) and reserve values (which are also mostly flame).

in my opinion, the all-time king of the shale BS game is DVN. again, on-the-ground perspective. short term trading like you described will depend on risky bets on TTTTTTT companies like Sandridge getting their act together.

I wouldn't invest a goddamn dime in a shale company though, not after what I've seen and experienced. you'd be better off buying ETH.

(http://www.autoadmit.com/thread.php?thread_id=3863596&forum_id=2#35184488)



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Date: January 18th, 2018 2:47 PM
Author: Rough-skinned arrogant bbw stain



(http://www.autoadmit.com/thread.php?thread_id=3863596&forum_id=2#35184349)



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Date: January 18th, 2018 2:58 PM
Author: charismatic opaque newt death wish

you ever taken a sabbatical bruh? I was hitting my limit of stress and this decompressing is doing my soul good before I jump back in the fray.

(http://www.autoadmit.com/thread.php?thread_id=3863596&forum_id=2#35184426)