Tell me you've never looked at E&P cap structures and business models without telling me you've never looked at E&P cap structures and business models. https://twitter.com/mattyglesias/status/1443985768616185857 …
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"we're going to create an entire industry where the idea is you invest every penny you can borrow into capex, invent some cashflows, and then default as fast as possible" "oh, so you're withholding production from the market I see" "I...wait what"
i am going to produce as much oil as the ground is physically capable of expelling, while also having my breakeven be >$100 per barrel. makes sense!
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this sounds like the Uber business model but just poorly branded as something other than tech
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I mean....yes?
End of conversation
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Classic business model, reallyhttps://twitter.com/Stev_D/status/524686327233921025 …
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