Share this page!

Maybe Scrolly?
SBA Profile picture
Twitter logo
May 5 • 7 tweets • 5 min read
Pan Hot

#CookingWithSBA The conclusion of #MarinatingWithSBA.
Browning the bad boys up. #CookingWithSBA
In truth I could have let them get a bit darker. #CookingWithSBA
Just a little something to kick the rice up a notch #CookingWithSBA
Pork goes in the oven at 400 #CookingWithSBA
Rested for a solid 5 min.

And all cut up. #CookingWithSBA
Also I only burned myself twice on the hot pan after I took it out of the oven.

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with SBA

SBA Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @SadBillAckman

SBA Profile picture
May 6
1. As promised here are some thoughts on ARC $ARX Image
2. $ARX is getting a lot of hate for the hedging losses, and I understand that – we all spend everyday looking at our screens and seeing how much money is to be made in this commodity climate.
3. But that misses both the point of an E&P company, and the point of hedging.

Upside is great but you need to be able to generate returns on the capital you employ and hedging can enable you to secure those returns. $ARX
Read 17 tweets
SBA Profile picture
May 5
1.OK, after a day of flights and meetings for yours truly, I have thoughts on $CNQ. Image
2.This Q was sort of underwhelming, not bad but also not the epic blowout like $TOU had, just a solid, expected Q. $CNQ
3.On to their deck, loved to see them lightly engaging with the Elliott $SU drama by explaining why they are worth a premium – it is hard to disagree – best in class reserves, a solid asset base across commodities $CNQ #LongLifeLowDecline Image
Read 21 tweets
SBA Profile picture
May 4
A dollar 1.5 per share in special divided.
$TOU 🐐
$TOU is in cash flow beast mode - their HSE consultants must be scares of all back injury lawsuits coming in from shareholder hurting themselves lugging this cash around.
Drill times flying. $TOU
Read 4 tweets
SBA Profile picture
May 4
From CS in 2017, if you only knew. $TOU
$TOU!!!!!!!!

CS, "they probably won't do much M&A"
TOU: "Just watch us"
We lost many soldiers over the last 5 years.
Read 5 tweets
SBA Profile picture
May 4
Salience and asymmetric polarization matter a lot.
Only 56% of Americans can name all 3 branches so it seems unlikely that Judicial reform is really going to be a winning political issue when people are struggling to, you know, heat they home and put food on the table.

wane.com/news/national-…
Also don't forget Acquiescence bias in polling on subjects like this - some person calls you up and askes you a bunch of questions about nuanced components of a systems you don't interact with - chances are you say "sure, that sounds good"
Read 4 tweets
SBA Profile picture
May 4
An honest tagline for $ATH.

$ATH.to

I rag on them a lot for this *history* as a capital incinerator.

But honestly, they are doing the best they can, that financing was expensive AF though but if they could not find anything better... Image
Both $ATH and $MEG are still working through issues that were built into the companies from the beginning - they were designed for a world of boundless opportunity - and that world quickly changed. Image
Like this map of from $MEG and... well all of $ATH's land at IPO are hilarious at this point - focus are core operations rule the day. Optionality matters but the idea that sub 100k bbld companies should have many ops has been destroyed.
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(