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Eastwood

Certifiably Surly
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Everything posted by Eastwood

  1. Every call from my boss is expected, at this point. I've been here before, though. Twice. Bosses name pops up on the phone, that's it. Boss called two weeks ago and I thought that was it, but it was good news. Next time, I'm sure it's the call.
  2. We're a week into social distancing and this thread is starting to tear itself apart. Seems about right.
  3. Almost sounds like a scam. Back when things were hot and heavy with oil in 2012-13, companies working in North Dakota during the winter would offer people $1,000 a day, 7 days a week, to do title work. Billing for that job is usually 4 -6 weeks out, so they'd let you bill 6 weeks worth of work, then cut you and send you home and then fight tooth and nail to not pay you.
  4. I already worked from home mostly and my wife was stay-at-home, so we're actually both pretty miserable being stuck at home with a 5 year old and a 2 year old. It's more of the same, but amplified because we can't get the kids out of the house. Everyone is slowly going stir crazy. The wife kept the kids pretty active with martial arts, going to the park, the gym daycare, and play dates. We are running out of craft supplies and I guess every family out there is because Amazon has almost everything on back order.
  5. I bet he had that GameStop motivation. Stay open or go under in less than a month.
  6. I've been using Samsung Pay for this reason. Still have to touch the pad to finish it, but I try to stay super conscious about not touching my face until I can wash my hands and sanitize.
  7. Yeah, all but the most expensive olive oils were gone. Cooking spray still fully stocked. Pancake mix was all gone. Rice was there. Dry beans were there. Fresh chicken was gone except for fajitas. Beef was there. Sausages were there, bacon was there. Plenty of hot dogs, hot dog buns. Tons of frozen pizza. Tons of Blue Bell and nothing left of Creamy Creations and other brands. Got a kick out of that... I mean, I get it. My wife was a nutritionist before staying home with the kids. I told her to accept what came home with me because that's what is available and keep her comments to herself. She almost started an argument when she felt the need to point out the sodium content of ramen. Sorry, but there weren't any whole wheat noodles or brown rice or almond milk on the shelves. A lot of this food isn't what we want to eat, right now, but we need to eat and the stress of finding "good" food far outweighs the negatives of what's on the shelves, in moderation. We're in a new reality for the foreseeable future. Adapt.
  8. Shipments are having to focus on stocking things like milk, eggs, and other vital calories and goods. Oh, and toilet paper because of idiots. HEB has even asked people to stop buying up TP so they can make room for more vital supplies on their trucks. I went to HEB this morning after the rush. No line, took less than an hour. Plenty of perfectly good calories on the shelves. Made me realize that people are showing up early to buy what they want, not what they need. There's perfectly edible, legitimate calories on the shelf. Is it your favorite food? Who cares? We are in a national emergency. Feed your body. You might have to go a week without eggs. You might have to go a week without butter (which was absolutely cleared out at my HEB). So please don't rush to a crowded grocery store and increase your chance of infection, stress yourself out, and add even more panic into your life. Eat what's there now and we'll all look back on this in a couple of years when we are freely eating our favorite foods with a greater appreciation for them.
  9. Trading volume skyrocketed at the very end of the day, looking at the chart. Maybe a bunch of positions playing wait and see until right before the final bell?
  10. Yeah, but my nerves are from knowing that my niche field isn't going to have a market for the foreseeable future. Barring a miracle, I might not last through next week, maybe even then end of today. Thankfully, we planned for this and I have other things in the works that come to fruition in about 18 months.
  11. No CR, but markets and oil started going south during Trump's PC. Don't know why. Glancing at a CNBC article, Trump said that he might intervene in RU and KSA's oil price war. No idea, other than that.
  12. Hello, teens...
  13. I really wish HEB would setup a web cam for their stores so people can see if there is a line or not. That way people can monitor it to see when the best time to go would be.
  14. Same boat. The 5 year old is about ready to explode, at this point. 2 year old is moody, but she's handling it better.
  15. That side of things I am unfamiliar with. My area is JoAs, leases, etc. I would assume it all depends on the force majeure language in all of the agreements across the board. Courts will dissect the hell out of specific language in the clause and the how that language is commonly understood in the business. Honestly, I don't think a whole lot of companies will have the stomach to fight over force majeure in this climate. Get into a legal battle that isn't resolved before one of you goes bankrupt? Pretty unappealing.
  16. So many questions. Would they slash allowables across the board? Say, 25%? Moratorium on new wells? Would that trigger force majeure and toll current leases? I'm not an attorney and this isn't legal advice, but force majeure will depend on the clause in the individual leases. The most common clause contains the language "circumstances beyond the reasonable control of the lessee." Also, in New York, the courts ruled in 2012 that a fracking moratorium wasn't enough to trigger the force majeure clause, so I'm sure that case will be pointed to a lot if the RRC throws out a moratorium. There's another 1993 Texas case that states that the forcing of a well to be shut-in by the RRC didn't trigger force majeure, either, but the circumstances around that case dealt with a producer who overproduced and were then ordered to shut-in to make up for it. So, I'd say that if you had a producing well that was fully in compliance and the company was actively operating and marketing the oil and then gets shut down due to the RRC, the operator has a good shot at triggering the clause. Marginal wells and leases that go past their primary term without any operations done in good faith to cause a producing well, less of a chance.
  17. Economic fear of China has been lightly stoked for two decades now. We have been warned that they are buying up all our debt, they're buying up our real estate, they're undercutting our manufacturing, they're interjecting themselves into Africa to undercut us there, they're dumping our trash into the ocean instead of recycling it like they were paid to do, they're skirting international agreed standards on all number of things, and the list goes on and on. The resentment against China has been simmering this whole time, regardless of how culpable America is in all of it. I think the simmering will reach boil after this.
  18. Or the market doesn't believe in the price rebound.
  19. My grandparents are members of a small town Church of Christ with an average age of probably close to 70 that I was sure would continue meeting, 100 parishioners strong. I was shocked to learn that they are taking two weeks off and planning on delivering communion on a scheduled one on one basis. Sunday communion is probably the single most important practice for those baptised in the Church of Christ, so I knew that would continue, but to have them cancel service all together is more than I ever expected. I'll take my small victories where I can find them, right now.
  20. I'm curious as to why her being from New Orleans made spring break extra important to her.
  21. Lady has not provided evidence of death threats, thereby violating the "pics or didn't happen" rule of the internet, removing all doubt that she is an awful person.
  22. Lady posts on FB that HEB is just fine, everything is ok because she was there and there was inventory and no crowd. Gets called out that she had tested positive for corona prior. Lady starts trickling out qualifiers and gets called out on each one until she finished it with "I stayed in the car." But she's obviously lying about staying in the car. People are angry and now she claims she is getting threatened.
  23. It's all essentially worthless, right now. There are a lot of marginal wells out there that will quickly test the "reasonably prudent operator" standard for determining if a lease is HBP if this doesn't turn around by Q4.
  24. Saudi capitulates, I think Ryskey's take is solid. I also think a hefty COVID stimulus that involves money direct to households will also get us moving in the right direction. Oh, and war. A war would get demand back to where it needs to be.
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