Let the Experts do the legwork for you. Ride the Wave. Oil is “where it’s at”, son. Don’t get left behind. I told you about $SRAQ, which now trades as $CDEV. Did you listen? Well? Were you paying attention, son? Listen to me when I’m talking to you, boy. Time for $SRUNU. Check your ego at the door, investing in an SPAC is not for the timid. An IPO date has not been announced. This is your only warning from me regarding the awkwardly-named Silver Run Acquisition II.
Silver Run Acquisition Corporation II is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not identified any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. We intend to focus our search for a target business in the energy industry.
You should be in early on this IPO. Living large in the company of Titans of the Crude Oil Industry. You rode the wave with Mark Papa. Now, you will roll with James Hackett.
These people know what they are doing. And with WTI sub-50 this is our day, Bubba. Our Time. Set it and forget it. This is for your Smart Money, those bets you just file away and wait for the fruit to ripen. These are Texas Oil Men, just look at the résumé:
James T. Hackett will serve as our Chief Executive Officer and a director upon completion of this offering. Mr. Hackett is a Partner at Riverstone. Prior to joining Riverstone in 2013, Mr. Hackett served as the Chairman of the Board from 2006 to 2013 and the Chief Executive Officer from 2003 to 2012 of Anadarko Petroleum Corporation. Before joining Anadarko, Mr. Hackett served as President and Chief Operating Officer of Devon Energy Corporation, following its merger with Ocean Energy, where he had served as Chairman, President, and Chief Executive Officer. Mr. Hackett has held senior positions at Seagull, Duke Energy, and Pan Energy. He also held positions in engineering, finance and marketing with NGC Corp., Burlington Resources, and Amoco Oil Corp. Mr. Hackett serves on the Board of Directors of Enterprise Products Holdings, LLC, Fluor Corporation (NYSE: FLR), National Oilwell Varco, Inc. (NYSE: NOV), Sierra Oil and Gas and Riverstone Energy, Ltd. Mr. Hackett is a former Chairman of the Board of the Federal Reserve Bank of Dallas. Mr. Hackett received a Bachelor of Science degree from the University of Illinois in 1975 and an MBA from Harvard Business School in 1979. Mr. Hackett was selected to serve on the board of directors due to his significant leadership experience and his extensive experience in the energy industry.
I would expect a similar offering, one Common and one Common w/Warrants. I’m guessing here. This is not a solicitation to buy. I have no financial ties to this company. Follow me at your own risk. Do your homework, for crissake. Don’t come crying to me if crude oil tanks to $25/bbl and your investment goes south. This is a long-term wager, son. $CDEV, in their own literature, states that they do not expect to turn a profit until 2019 or later. I would expect the same from $SRUNU.
Here us your Form S-1. Read it and don’t expect me to decipher it for you. This us an IPO. SHIT CAN HAPPEN. But if the first go-round is an indication, the IPO will be priced correctly.
SET IT, FORGET IT, RINSE, REPEAT. We will sip Montrachet from the decks of our yachts in the Adriatic Sea while dining on caviar and oysters. Victory!Comments »