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Josh Young Profile picture
@Josh_Young_1
Aug 17 • 4 tweets • 1 min read Twitter logo Read on Twitter
It's been almost 5 years since we sold Iron Bridge for a 78% premium to its pre-deal price. Time for Bison to get a little more active. 🦬
Public energy company governance needs substantial improvement. Getting ready to do my part again.
It's time
Why now? Because:

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More from @Josh_Young_1

Josh Young Profile picture
Jul 7
Nice treat for a Friday morning - Journey Energy CEO @AlexVergeJOY presented at the OTCQX Best 50 Virtual Investor Conference on June 15th - the recording is up! I'll share some slides, some thoughts and the link. I own shares of $JOY.TO $JRNGF, not a recommendation, do not rely.
Alex reminds everyone that Journey is running a buy and exploit business model, which kicked off with buying back debt during Covid at 50c on the dollar, with the backing of AIMco, the leading pension manager in Alberta, which is Journey's largest shareholder & lender
Journey closed a highly accretive acquisition last October, which shifted the company's focus to acquisition debt paydown (and the power business). The huge NOL balance (tax shield) is a significant asset in this acquire & exploit roll-up business strategy.
Read 16 tweets
Josh Young Profile picture
May 31
"Nothing is bullish, Josh"

It is darkest before dawn. Bullish oil.
Keep them coming...
I'm not sure it gets more bullish than this.
Read 6 tweets
Josh Young Profile picture
May 27
Memorial day weekend, Texas Image
Living our best life 🤠 Image
"good morning" Image
Read 4 tweets
Josh Young Profile picture
May 17
Energy conference day. "Hotter 'N Hell," although it's only 73° right now here in Houston. Listening to $ovv and $eqt is fascinating in terms of contrasting business strategies and focuses despite both being E&P businesses. Image
EQT: Big drivers of better shale productivity:

1) Longer laterals
2) completion intensity increases
3) efficiency gains

The majority of these have been captured. Less upside going forward.

(Refreshing honesty. Bullish oil and gas)
Ovv: Peak OFS inflation (for now)

Rig and frac spread rates are stable.

Pricing on leading edge services like wireline and directional drilling are starting to fall.

Looking for win / win arrangements with services providers. 🤔
Read 8 tweets
Josh Young Profile picture
May 9
Vital Energy:

First-quarter 2023 production exceeds high-end of guidance

Capital investments for first-quarter 2023 below guidance expectations
Full Vital Q1 2023 press release link. I own shares of $vtle, not a recommendation, do not rely.
investor.vitalenergy.com/news-releases/…
Vital $vtle

"Production. The Company’s first-quarter 2023 total production averaged ~80.2 thousand barrels of oil equivalent per day ("MBOE/d"), above guidance of 72.5 - 76.5 MBOE/d.

Capital Investments... ~$200 million ... below guidance of $210 - $230 million"
Read 5 tweets
Josh Young Profile picture
May 6
Iran apparently dumped most of its floating oil storage onto the market in the last three months at large discounts.
Net speculative futures market interest has fallen rapidly recently as well
And Russian seaborne oil exports are up despite the OPEC+ voluntary cut
Read 5 tweets

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