Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
Pythia Capital, No Brainer Profile picture
Pythia Capital, No Brainer
@PythiaR
Multibillionaire space pirate. CIO of Vader Capital LP. Activist engagements include Jeddha and Alderaan.
Aug 26 • 4 tweets • 2 min read
Underappreciated nuance of $CSU.TO vs other horizontal & vertical SaaS.

The impact of AI is not going to be uniform across verticals or industries. Being able to take capital and move it accordingly is going to give $CSU.TO some advantage over other companies that can’t. Image Your bear case for $CRM is that AI disrupts CRMs generally.

But for CSU, they can deploy capital out of CRMs into XYZ.

Much harder to kill, you basically have to believe that ALL software is obliterated by AI which I think is far less likely than SOME software is obliterated by AI.
Feb 29, 2024 • 17 tweets • 5 min read
Why is $NRP settling warrants in cash?

Because they think the intrinsic value of the units are higher than today's market price. Image Leases the greater of % of sales or fixed fee on production, so there is a natural downside protection to some degree. Lesees are also subject to minimum payments if they shut off the mine.
Image
Image
Aug 30, 2023 • 5 tweets • 2 min read
Global oil cost curve (BMO).

“Only 25% of reserves are economic at Brent of $60 or less, compared to nearly half in 2021. This indicates a fundamental floor of pride support for oil above $60.” Image Breakeven Brent equivalent supply costs Image
Jun 19, 2023 • 4 tweets • 1 min read
“In the CPI linked business, price increases won’t be dissimilar in 2024 to what we’ve seen in 2023.”

$wcn setting themselves up to grow DD between HSD price and M&A contribution from an “elevated” pipeline closing in Q3/Q4 potentially in the middle of a recession. Consensus stands at ~13% EPS growth in 2024. Probably not thaaaat much room for upside from that, maybe some if a big gap opens up between cost & price inflation here but not a lot of downside either.