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HoustonFrog

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  1. HoustonFrog
    Any new info out there?
  2. HoustonFrog
    That’s why I used the word “fundamentally”. Bankers are what they are, gatherers of information and then make decisions. We have no ability to evaluate the fundamental business of an oil and gas company... which is how much oil/gas is under the ground, how much of it can come out at what pace and at what cost. That’s the fundamental business. Bankers royally fucked up later in the process when Management teams were drilling and levering as quickly as possible. We continued to sign up for this garbage But the core engineering was wrong.
  3. HoustonFrog
    Explain. There are very few people who would disagree with anything I wrote. Pretty much everybody fucked up. There’s a select few companies who had a clue and will be fine. I’m certainly complicit.
  4. HoustonFrog
    Bingo I think most are currently in O&G finance, and for obvious reasons can’t really put a face to the name. I’m a relative newbie to the O&G finance, and it took me until 6-8 months ago to figure it out, but there’s so much bullshit. And the petroleum engineers and geologists fundamentally blew it on shale. It’s all about Management... amazing how a couple clients are going to be totally fine unless this lingers 18+ months at sub $35/$2.00. They didn’t do anything special, they didn’t reinvent the wheel, they just take care of business by keeping G&A low and opportunistically hedging at any opportunity. I fucking begged people to hedge when oil spiked into the $60s last year... fucking begged and most all of them didn’t do shit or put on a couple hedges. No surprise the morons who did nothing are about to file in next couple months.
  5. HoustonFrog
  6. HoustonFrog
    Houston. Can’t give any more hints and won’t confirm who it is anyways. Plenty going BK soon enough
  7. HoustonFrog
    They don’t count haha. But they are certainly headed to the depths
  8. HoustonFrog
    Who can name the next shitco going BK? Hint: assets in two “premier” basins
  9. HoustonFrog

    Tiger King

    HoustonFrog replied to Kyle's topic in Movies and TV

    Cash cover business.
  10. HoustonFrog

    Tiger King

    HoustonFrog replied to Kyle's topic in Movies and TV

    Did anyone else feel awful for Jeff’s wife? I mean she has made her own bed, but one way or another she eventually ends up as single mother with no money. He’s either headed to prison and/or going to leave her. And before any of that he’s using her and the tigers to get better quality women. She didn’t get much screen time, but she seemed at least somewhat aware of how ridiculous life is.
  11. HoustonFrog
    Westworld?
  12. HoustonFrog
    2023 but yeah, they aren’t Whiting by any means. The Carrizo acquisition is going to burden them and the BBRD is going to be a bloodbath. Currently above 70% drawn, wouldn’t shock to see that number close way in on outstandings. Hedge profile is adequate I actually think they will be fine, but it could get dicey.
  13. HoustonFrog
    Nah, not Correne. She’s awful at her job and a crook but that’s about it. Her former employer is headed down a dark path unless things turn around.
  14. HoustonFrog
    So we planned to replace an SUV next year at this time but figured we should look around and see who was desperate. They aren’t nearly as desperate as I anticipated. Will check back in a month or two.
  15. HoustonFrog
    Oh yeah. The official stories (publicized) were from his time at Anadarko. Plenty of articles written about the sexual harassment. Apparently he and another guy routinely banged two subordinates in the office, during work hours. The woman in the office next door eventually blew the whistle Company is a total shitshow garbage operation
  16. HoustonFrog
    We will see.... equitizing the bond holders who now own about 97% of the company. Nice job Holly... ran this ship into the ground while banging subordinates in the office
  17. HoustonFrog
    It was Ricks house, but completely agree. Also thought Ricks scene where he’s making margaritas and then confronts the crazies in their car was awesome. And then at end when he is talking to his neighbor on the driveway... “well.... the fuckin hippies aren’t. That’s for goddam sure”
  18. HoustonFrog
    Bakken player likely filing bk tomorrow
  19. HoustonFrog
    Our good friends down the street have it. Initially their daughter (2 year old) spiked a 103 fever with cough, they ignored it. She mostly got over it then the wife had a bad cough and self diagnosed as bronchitis, then a small fever and now her husband has a small fever with cough. Finally admitting that they have it. We saw them 16 days ago for four hours
  20. HoustonFrog
    Total disaster of a franchise, all because of BoB
  21. HoustonFrog
    Watched it last night... Very good but a few obvious plot holes as discussed. The girl/baby made no sense (I currently have a baby). The girl isn’t the mother, doesn’t have milk, and the baby can’t eat food. Unless she found that baby an hour ago, it would be screaming Worth the watch for sure
  22. HoustonFrog
    Heard that Houston is preparing for a shelter in place. Source is someone high’ish up in HPD
  23. HoustonFrog
    Yeah that was by far the worst episode. Lot of errors Whatever
  24. HoustonFrog
    2 year old and a 6 month old. Kill me
  25. HoustonFrog
    Movie theaters need to do the right thing and start releasing movies to home

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