00:03:00 @Albertagarbage with an update from the oil patch. He has been busy, making money, and is in the process of helping more Ukranian refugees join the workforce.
00:10:30 @mfwarder joins and discusses $WHC and $ARCH. ARCH dumped. Was it because funds were trying to ensure their ESG ratings? It's restocking season for met coal. Why did oil drop off today?
00:21:30 Matt is interested in picking up $VET if the price drops. European NG storage -- will the can be kicked down the road until next winter?
00:31:00 @AssetTraveller is seeing more general conversations about energy and increasing power costs.
00:38:30 @oilandgasrebel takes the stage to discuss Razor Energy ($RZE). Doug discusses the history of the company.
Doug's team bought PennWest assets that included upside through reactivations. The original plan was to grow through acquisitions. 2020-21 was about survival.
00:48:30 Doug discusses RZE's Geothermal project that is expected to come online by December.
00:51:30 @IlliniProgrammr asks about a 500-barrel reduction in Swan Hills Unit 1.
00:56:00 Doug explains the progress shareholders can expect in the next two quarters.
Detailing the amount of production RZE expects to add throughout the rest of the year. Doug details the Q4 power gen upside that moves Razor to the status of "total energy platform."
1:00:30 @CouldBeMistaken asks about Razor's CO2 project.
Doug details reasons why this project could invite a lot of interest from the capital markets.
1:08:00 @jleqc asks about the capital markets. What has $RZE experienced in the last couple of years?
Doug discusses how the landscape changed, forcing Razor to radically change its business. It remains a company that "doesn't have the prettiest house on the street, but is working to make it the most valuable house on the street."
How AIMCO and Arena have worked with RZE. Management, board and lenders believe in the company vision. A shout-out to @AlexVergeJOY
1:17:30 @ChickinLittle13 gets Doug to give an excellent description for the layman (me) of Razor's unique hedging that turned a Q2 profit.
1:24:00 What keeps Doug up at night?
1:32:30 The way forward the next 12 months. When will drilling recommence? A discussion of taxes/fixed-cost elements, potential improvements in netbacks and production increases. @IlliniProgrammr asks about the current production.
asks what will be the biggest catalyst for the company. Alex discusses EOR, CO2 and FutEra.
1:49:00 Doug provides his closing thoughts on RZE. "We're not here for paychecks. We're here for reputation and payouts."
@Tfoxgogo asks about the CO2 flood. Doug discusses how a modest, continuous supply is beneficial.
@sohaibab9 is holding a Space with @chrisjsankey to discuss the Indigenous community and resource extraction.
2:02:30 After a long sojourn, @JavierGoya7 joins the stage. Yakadoozy clouds? Perhaps not. Javier is out of the energy trade right now. He has made a number of exceptionally good trades, but has made an even greater number of bad trades. A Space to discuss our worst trades?
2:46:00 @mfwarder discusses some of his investment philosophy.
2:57:00 Matt observes his spending habits of late, and ponders what consumer spending looks like as we head into fall. @AssetTraveller and @IlliniProgrammr share their thoughts.
3:10:30 Tourist asks about how Europe will act.
DS: "This is how my Mom would have handled foreign relations with Russia. ..."
Illini sees bailouts and expects two cold, expensive winters before more LNG comes on line.
3:24:00 The Greatest GIF-creating pelican in Twitter history, @z_or_zee makes his Tuesday debut, and Matt is a fan. Victor shares his #COM origin story, which inspires Tourist to share, as well. It's pronounced "JIF."
3:31:00 @dkSilver123 asks about $WHC and shoulder season. Matt makes the fascinating point that Whitehaven is not susceptible to the wild swings that you see in stocks such as $BTU.
DK thinks he was a little late to Whitehaven and $VET, when dipping into either, how should you approach your investments?
Matt discusses restocking seasons for thermal and met coal, "They're complementary."
Demand is strong, but supply is constrained. Why use it? Because it works! Matt explains how Freeport going down didn't change the cost of NG that much (hint: Not enough coal).
3:56:30 @BJamz2022 joins and asks about coal. And Sammy vs. Diamond Dave.
@rockcreekfreak joins the stage while walking the dog and brings us home.
HET: Razor Energy