It's been a few weeks since we've done a really in depth Technical Tuesday where we take a company and really dissect it.  This week, we take on every U.S. E&P at the same time.  It’s hard work, but somebody had to do it.     At current prices, there is no investment thesis for oil and gas in the U.S. We will reconvene when people stop being locked in their house. Love and socially distanced hugs, #hottakeoftheday

The following is a video and podcast companion to today's earlier post "Tariffs, price wars, and other mysteries explained".  As always, if you have any thoughts on the episode, please let me know by sharing in the comments below! Podcast  

Some optimism on Thursday and Friday when President Trump weighed into the debate about production cuts and a meeting with U.S. energy executives. Oil prices rallied, but by Saturday, the only thing that really emerged was that tariffs were added to the list of available ineffective solutions and U.S. producers still weren’t planning major shut ins. Let’s dive into these issues. Saudi (they increased their production... those crooks!)  I have long said that Saudi Arabia only cares about the long...

For Episode 32, David welcomes the straight-shooting long-time energy insider, John Hofmeister.  Upon his retirement as President of Shell Oil Company in 2008, Mr. Hofmeister founded and heads the not-for-profit membership association, Citizens for Affordable Energy. Video Interview Podcast   Mr. Hofmeisters' official bio: Upon retirement as President of Shell Oil Company in 2008, Mr. Hofmeister founded and heads the not-for-profit membership association, Citizens for Affordable Energy. A business leader who has participated in the inner workings of multiple industries for over 35 years, Mr....

One of my favorite takeaways from my MBA (and now you don’t need to take one because I’m going to tell you all about it) was queue theory. At a bank, a single line leading to 10 tellers, rather than 10 lines to 10 tellers, is more efficient because there is never a time when a teller isn’t busy. Same with a call center, that is why they know your wait time and you get the first available attendant. More relevant...

I got the email, the tweet screenshot, the text, and the DM at about the same time and my first thought was “You absolutely have to be F@&King kidding me...” I want to be clear, the post is not a trolling post on Whiting or the management team that received the payment, it is an open question of “what the F@&K is the Board doing?”  If ever there was a time to ask (and answer) if a Board of Directors...

This podcast came about from a presentation David made to students at the Colorado School of Mines in Golden, Colorado, and resulted in two students, Tavis Kilian and Syed Ali, being invited on the show (who, incidentally, are podcasters in their own right, hosting the RARE PETRO Podcast) Originally recorded back on Sunday, March 8, you'll hear David refer to this episode in the intro as a "Sunday Special #hottakeover-your-commute" edition, which, of course is no longer the case, given...

Source: COMMENTARY: Masks-for-all for COVID-19 not based on sound data | CIDRAP (umn.edu) By Lisa M Brosseau, ScD, and Margaret Sietsema, PhD Dr. Brosseau is a national expert on respiratory protection and infectious diseases and professor (retired), University of Illinois at Chicago. Dr. Sietsema is also an expert on respiratory protection and an assistant professor at the University of Illinois at Chicago. Editor’s Note: The authors added the following statement on Jul 16. The authors and CIDRAP have received requests in recent weeks to remove this article from...

For the next 30 days, the world will stand still.  Many businesses that had started "before", will fail.  That much is a certainty.  No business was built to be shut down for 30 days and with no revenue, there is no company.  It's not fair, but neither is life.  Like the end of World War II, when life began anew, it was the greatest boom time for wealth creation the world had ever seen.  Everything needed to be rebuilt.......