The worm has turned. A group of masked communists attempted to disrupt a #MAGA March in Huntington Beach, CA. Things did not go as planned.
The worm has turned. A group of masked communists attempted to disrupt a #MAGA March in Huntington Beach, CA. Things did not go as planned.
There are Bad Things on the Internets. Yes, it is true. ATT&T and Verizon announce, with appropriate Gravitas, that they are “pulling ads from non-search Google networks” as calls mount to clean up things that might sear the retinas of certain sensitive individuals.
In other words, they are not pulling ads from Google. So now we have to worry about the easily offended snowflakes who might see something they deem offensive on YouTube? Not gonna happen. This is Advertising, people. It is irresistible to decent capitalists trying to make a buck. And it is all automated with a lot of randomness to go along with the targeted stuff.
Don’t be a RUBE. Everyone has already thrown the entire marketing budget at Google and to a much lesser extent it’s competition. Nobody will be reallocating to arcane print adverts. The Advertising Director at your local rag may be getting all gayed-up about this news (considering his/her work life must be hellish) but there will be no cash flow increase in the foreseeable future for the Pundits at The Daily Spew.
That is unless this thing catches fire and in this day and age anything is possible. This is a poison dart aimed squarely at the heart of all that is Google. It is not a coincidence that in many ways $ATT and $V see Google as The Enemy.
I’ll clutch tightly to my $AAPL, continuing it’s usual trajectory – Due North with no worries about the delicate sensibilities of folks traveling Al Gore’s Information Highway.
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 »
Your Freedom is under attack. Your right to peaceably assemble. Your First Amendment rights to Free Speech.
Help one of our own: the ‘Alt-Knight’ aka the ‘Based Stickman’. He has been arrested by the same Berkley cops who were ordered to “stand down” during the recent riots where people were viciously beaten and property was destroyed.
I donated to this Freedom Fighter. You can, too:
We cannot stand idly by while Antifa thugs beat decent citizens. FIGHT BACK.
We we cannot sit idly by, while our country is being attacked by unemployed Communists in the street.
We will NOT be silenced by Communists, Criminals or the race-baiting thugs from “Black Lives Matter” (they don’t matter any more or less than anyone else’s lives). We will defend the First Amendment and we will utilize the Second Amendment if our well-being
Sadly, those days are long gone.
We WILL fight back. We WILL win. This is going to get much uglier before it gets better. Be prepared to defend your rights. #MAGA
If this does not bring a smile to your face, Jack, you dead.Comments »
*** UPDATE ***
Apparently we we lied to twice today. First, we were told it was white supremacists (plural). Then told it was not white supremacists but rather Muslims (two shooters identified by name). Now we are back down to one shooter, who appears to be a Muslim-hating terrorist and caucasian as can be.
I stand by my original thesis – where is the Journalism? Where is the Fact-Checking? Who is this guy named Mohammad and if he is not real, where did he come from? What is happening, for fuck’s sake.
*** UPDATE ***
So much fuckery going on today. I will try to keep this as short as possible and add many pictures to help my less-reasonable readers understand what just happened. But the outright horse shit coming from the mainstream media has made this blog entry’s creation most tedious. Among the first reports published was one from the Leftist shit-rag The Daily Beast, one of those fake news sites you hear about on CNN.
You can see the level of integrity by perusing the Daily Beast’s Wikipedia entry:
The Daily Beast began publishing on October 6, 2008, The Beast’s founding editor was Tina Brown, a former editor of Vanity Fair and The New Yorker as well as the short-lived Talk Magazine. Brown stepped down as editor in September 2013. John Avlon, an American journalist and political commentator as well as a CNN contributor, is the site’s Editor-in-Chief.
Anyone remotely in tune knows The New Yorker to be a cesspool of radical alt-left bullshit.
The Daily Beast published, without any verification at all, (proper journalism has all but disappeared in the US media) that the shooters were right-wing white supremacists. This turned out to be false as subsequent reports from Quebec City had the suspects yelling Allahu Akbar as they mowed down worshippers inside the mosque. It turns out they are, of course, radical Islamic terrorists. Are you listening, Barack?
Early reports show at least one of the shooters to be recent “refugee” immigrant.
Here is the predictable result of this fake news:
Francois Deschamps, a member of a refugee-support group in Quebec City, said right-wing groups are very organized in Quebec City and distribute fliers at the university and plaster stickers around town.
Deschamps said he has received death threats after starting a refugee support group on Facebook and people have posted his address online.
‘I’m not very surprised about the event,’ Deschamps said
I wonder how surprised Mr. Deschamps was when he learned the real story. Probably the same way Young Trudeau, Jr felt the day after his impassioned speech welcoming “all refugees that the US refuses to accept”.
And of course the odious Angela Merkel chimed in, professing shock that something like this could happen. The assumption here is that Merkel and her spokesman get their information from The Daily Beast:
German Chancellor Angela Merkel’s spokesman condemned the ‘despicable’. Steffen Seibert said the German leader was shocked by the shooting.
Seibert said: ‘If the killers intended to set people of different faiths against each other or to divide them, they must not and will not succeed in that. We stand in mourning beside the Muslim community in Quebec.
I tried to get some information about the Daily Beast fake news from the MSM, but a Google search only showed it being legitimately reported by those nasty alt-right sites like Breitbart.
Except for one: an ABC affiliate in Pennsylvania, named WNEP., which mentioned the Daily Beast fake news.
Overjoyed at this glimmer of hope from our failed MSM, I quickly clicked on the link only to find that the ABC Corporate Overlords in New York had already scrubbed the article. To protect us all, no doubt:
More from Wikipedia on the disaster that is The Daily Beast. There is much more, but I did say this article would be as brief as possible:
Parent company and Clinton campaign
The Daily Beast is owned by IAC, where Vice Chair of the Clinton Foundation, Chelsea Clinton, serves on the board of directors.
Opposition to Sanders
Articles in 2016 also commented on the lack of viability of Sanders as the Democratic nominee and the “Bernie Bro” phenomenon, accusing supporters of Bernie Sanders of harboring misogynist views towards Clinton.
Then this fruitbag, the founder of the pedestrian yet over-hyped Patrón tequila, came out threatening a few more dollars added to the already overpriced shit he sells to status-obsessed American Idiots.
I am sure this tickles the gonads of musician, Patriot and unabashed freedom-loving rocker Sammy Hagar, creator of the far-superior premium tequila Cabo Wabo (which costs about 59% less than Patrón).Comments »
This shit gets little press. We are not talking about this guy:
No, we are speaking about this:
With 546 trillion Won ($456.5 billion) in assets, South Korea’s public National Pension Service is the world’s third-largest pension fund, behind Japan’s and Norway’s. It’s also become a part of the widening scandal surrounding impeached President Park Geun-hye.
(Source: Bruce Einhorn and Heejin Kim at Bloomberg Businessweek)
Greece is #49 on the GDP list. Korea (South) is #11. Pay attention.
Interesting moves in the crude oil futures madness yesterday as the EIA weekly showed a massive build of gasoline and distillates for the second week in a row. Unsurprisingly, prices rose on the news. Trading crude futures is not for the weak.
Tangents abound in import numbers and current supply/demand, but there could be some fantastic opportunities in the oil sector over the next few weeks for both skeptics and optimists.
Of course we have the OPEC “freeze” (at inflated record production) from an agreement in early December that is current support for prices above $50/bbl for WTI. But we also have the spectre of OPEC compliance which is shaky at best when you look at their history.
I am currently in the position of being long a few Petro-related equities while short crude futures. An interesting place to be unless you factor in timelines, which in my case stretch out years, not days. I am very skeptical of prices above $54 as that only encourages producer hedging. And anything higher will spur shale production.
The Golden Goose for the investor here is to determine the winners of two scenarios: One, OPEC reverts to form and cheats on the production agreement, thereby initiating a rout in crude futures. Two, compliance is seen, spurring prices to $60 and initiating a rapid ramping of production from unconventional sources.
An investor has opportunity here. My preference is long term bets on core Permian plays. Zero down into the Delaware Basin to find the core assets. (If you do not understand the potential of the Delaware Basin, you owe it to yourself to read up). The first of course is Apache but $APA has already had a huge run. $CVX comes to mind and has been a great play for fixed income. My favorite is $CDEV if you have some cash to invest and forget about for a few years. $CDEV, currently down 10% from it’s highs is an opportunity that to me is once in a lifetime, to get in very early on a spec play run by the best minds in the Texas oil business. Texas Tea, mofos. It is all about this guy:
If you do not know who he is, leave the conversation. Unless you are curious…much more info can be found here.
Yet when dealing with crude futures and their corresponding short-term horizon, one must be constantly aware of forces that are ready to smite you in seconds, depending on the day’s headlines.
The current price is subject to two primary forces: OPEC and “NOPEC”. The reality here is that there is a new sheriff in town, and he is from Texas. Some analysts believe that the Saudis (you do not speak of OPEC without the word Saudi) will be quite content at this point with WTI at sub-$60 as that will discourage shale production. This is a very valid scenario when viewed through the lens of the Arabians, who lost their market-share battle when shale production failed to implode.
There are now two swing producers, Saudi Arabia and the Republic of Texas. Place your bets.
As stated, I have positions in both crude futures and equities. Take my advice at your peril, buy me a drink if it all works out.
Don’t look now, but enthusiasm appears to be waning for participants in the Trump Rally. I am now 40% cash, hoping to get that to 50% by Jan 20. Enjoy your January Thaw.Comments »
Algos retreat like rats.
The “Progressives” in this country are fascists, and they must be brought into the sunlight and exposed. People are jumping up and down about Trump (and Lord knows they should be) but I smell something more sinister even than the Bloviating Yam. That smell is an outright assault on the First Amendment.
Samuel Clemens aka Mark Twain is one of my heroes, and I have few. Besides the obvious literary talent and spoken wit, he was a real Man’s Man and led an amazing life, though it was fraught with pain and suffering as most of his family died long before he did.
In the case of Huckleberry Finn, a mother is complaining about the use of racial slurs that have caused grievous harm to the fragile psyche of her biracial son. Speaking of biracial, is it me, or are those who do the most whining biracial? Colin Kaepernick, Shaun King, Jesse Williams and Barack Obama immediately come to mind. People who are actually dark skinned don’t seem to be doing all the jumping up and down. Hmm.
This is the end result of the progressive agenda being taught to our children on high school and college campuses. We are raising a true Generation of Snowflakes, who must be protected from that thing called Life.
In response to a formal complaint from a parent, Accomack County Public Schools Superintendent Chris Holland said the district has appointed a committee to recommend whether the books should remain in the curriculum and stay in school libraries. District policy calls for the formation of the committee — which can include a principal, teachers and parents — when a parent formally files a complaint.
The parent, Marie Rothstein-Williams, made an emotional plea at a school board meeting Nov. 15, saying the works had disturbed her teenage son, a biracial student at Nandua High School on Virginia’s Eastern Shore.
“I’m not disputing this is great literature,” Rothstein-Williams said. “But there is (sic) so much racial slurs in there and offensive wording that you can’t get past that (sic), and right now we are a nation divided as it is.”
“A Nation Divided” – a nation divided by a major political party trotting the mothers of felons onstage at their national convention to be used as role models?
“I have never known [Mr. Clemens] to be stirred up on any one question as he was on that of the cruel treatment of the natives in the Congo Free State. In his letter to Leopold, the late King of the Belgians, in his own inimitable way he did a service in calling to the attention of the world the cruelties practiced upon the black natives of the Congo that had far-reaching results. I saw him several times in connection with his efforts to bring about reforms in the Congo Free State, and he never seemed to tire of talking on the subject and planning for better conditions.”
—North American Review (1910)
Booker T. Washington
Educator, author, orator
Novelist, poet, essayist
“Jim is the best example in nineteenth-century fiction of the average Negro slave (not the tragic mulatto or noble savage), illiterate, superstitious, yet clinging to his hope for freedom, to his love for his own. And he is completely believable, whether arguing that Frenchmen should talk like people, or doing most of the work on the raft.”
—The Negro in American Fiction (1937)
Literary critic, professor at Howard University
“It is this treatment of race that makes Pudd’nhead Wilson as contemporary as Little Rock, and Mark Twain as modern as Faulkner, although Twain died when Faulkner was in knee pants.”
—introduction to Twain’s Pudd’nhead Wilson (1959)
Poet, social activist, columnist
“Nobody calls Twain’s Pudd’nhead Wilson a novel of racial protest, but the comment it makes on what they call race relations is pretty strong. It’s a wild book. I’ve never seen anything so strong.”
—interview in the San Francisco Chronicle (1964)
LeRoi Jones (Amiri Baraka)
Poet, novelist, essayist
“The spoken idiom of Negro Americans, its flexibility, it musicality, its rhythms, free-wheeling diction, and metaphors, as projected in Negro American folklore, were absorbed by the creators of our great nineteenth-century literature even when the majority of blacks were still enslaved. Mark Twain celebrated it in the prose of Huckleberry Finn.”
Novelist, literary critic
“Huckleberry Finn is a black novel. Yes, you’ve seen pictures of Samuel Clemens, and he’s white. Super white. White hair. White suit. White skin. But nobody’s ever seen Mark Twain, who was a figment—and a pigment—of Samuel Clemens’ imagination. And Mark Twain was black.”
—address delivered in Hartford, Connecticut (1985)
Novelist, Winner of Pen-Faulkner award
“The 1880s saw the collapse of civil rights for Blacks as well as the publication of Huckleberry Finn. This collapse was an effort to bury the combustible issues Twain raised in his novel. The nation, as well as Tom Sawyer, was deferring Jim’s Freedom in agonizing play.”
Novelist, Nobel Prize Winner
“Seriously, though, two things people throughout history have held in common are hatred and humor. I am proud that, like Mark Twain, I have been able to use humor to lessen people’s hatred.”
—on receiving first Mark Twain Prize at the Kennedy Center (1998)
My first post on this blog was about the queasy feeling I would get every time the DJIA approached 18000. How quaint. But then again who among us would have predicted DJIA 20000 just last April? It is all madness, and we know this. It didn’t just shrug off 18000, it blew past 19000 and has been on fire since Election Day.
We know it yet most of us, once again, are staring into the abyss, certain in our ability to time The Correction even though the most astute among us has surely been spanked by irrational exuberance at least once in our wretched lives. And vice-versa. Getting the fuck out at the right time is a beautiful thing, though rarely achieved.
Needless to say we should wide awake as we move within 100 points of 20000. Watching the S&P VIX rise right along with the S&P. We have been here before. We are Professionals. Nimble traders. We learned our lessons in the last century, before the phones took over.
I added some $UVXY to the portfolio this week as another hedge along with my $AU and $TLT. I did cut back a bit on some TLT shares today and I am now at cost, factoring in dividends. Grandma Yellen, knock yourself out. With The Donald entering the stage, all bets are off. Will the Trump Effect continue? Stay tuned.
Energy space is soaring, thanks to the men in the white robes and our friend Vlad Putin. Has anyone gotten the memo about the Permian Basin yet?
Many Blessings upon you in 2017.Comments »