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Lurker

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Posts posted by Lurker

  1. 2 hours ago, apuszczalowski said:

     

    2 hours ago, apuszczalowski said:

    Technically, their girlfriend (Canadian government) dumped them, the tried for a couple of hot girls (Pittsburgh and Baltimore) and settled for what was left at closing time (Buffalo)

     

    Is it too presumptuous to ask if they're bringing a stadium-sized condom...

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  2. 51 minutes ago, Mr. WEO said:


    Buffet own the means of getting product to market.  No matter what price of gas—all time high, all time low—don’t matter: all producers will have to pay him.  His risk is not what the producers is.  

     

    So why are those pipeline and storage assets assets undervalued to the point that he's "buying low?"    

     

    Buffett's not risk immune here.   Those infrastructure assets can and do go up and down in value, just like the actual commodity prices, driven by whether people want to own them or not.   Right now, the hot money doesn't want them.   Buffett's simply willing to take a longer investment horizon than most, which usually works to his favor (except in the case of airlines.  Doh!!)...    

  3. 5 minutes ago, Mr. WEO said:


    Buffet isn’t buying production.  
     

    Pegula didn’t buy East resources.  He created it and ultimately sold it to “suckers”, who just got 11 cents on the dollar for those assets.  
     

    Natural gas will always be around but so may the current prices.

     

    I don't know what to say to you.    Buffett's infrastructure play and Peg's drilling/development activities are all part of the same "circle of life."     

     

    Pricing is a function of supply/demand.    Right now, that demand is MIA.   But longer term, as coal goes away and alternative sources need to move from concept to reality (with all the bumps that entails), good old natural gas will have plenty of buyers at prices likely higher than today...

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  4. 2 hours ago, Mr. WEO said:

     

    Yes, but it's the same basic thinking--(1) that natural gas will be around for a long, long time, and (2) buying assets at these prices is a great investment.

     

    Pegula did it with East Resources (what suckers Shell were) and he'll do it again now...

  5. 3 hours ago, WhoTom said:

    When the pandemic is over, people start traveling, and businesses get back to full strength, the demand will increase and prices will go up again. In a year or two, he'll make a profit selling what he just bought.

     

    Well, that's why Warren Buffett just spent $9.7 billion to buy Dominion Energy's natural gas storage and pipeline assets.

     

    IMO, Terry's lost interest in being a pro sports owner and wants to go back to his one, true love.   He's very good at buying natural gas assets at a bottom and selling at the top.    It's probably much more fun than being a pro sports team owner...

  6. Addison:                                                                                                        Lawson:

     

    2020:    $9,968,750 cap hit      $13,250,000 dead cap                            2020:     $10,333,333 cap hit          $21,000,000 dead cap

    2021    $10,225,000 cap hit       $4,000,000 dead cap                           2021:       $9,333,333 cap hit          $10,666,667 dead cap 

    2022    $10,225,000 cap hit       $2,000,000 dead cap                            2022:     $10,333,333 cap hit            $1,333,334 dead cap

    2023:       UFA                                                                                                2023:         UFA

     

    Addison's contract is much easier to get out of than Lawson's.    If he's inneffective this year, he's realatively easy to cut--unlike Lawson and his $10.7MM dead cap hit in 2021...

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