Doc Posted July 21, 2020 Share Posted July 21, 2020 3 minutes ago, Bferra13 said: Yeah no kidding. I'm sure he has some inside tips too. People that rich at their craft dont make foolish major investments (for the most part). I'm sure Terry knows what hes doing. Man, people make him out to be this barely literate bafoon. It's pretty hilarious. Yeah. It's mostly the people that don't like him (for some reason, considering he saved the team and returned it to respectability pretty quickly). 2 Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 21, 2020 Share Posted July 21, 2020 5 minutes ago, Saint Doug said: Natural gas prices have been in a steadily decline since 2009 (height of fracking). While affected by the economy, as a trades commodity, it’s price is mostly determined by supply and demand. https://ieefa.org/ieefa-update-low-natural-gas-prices-a-negative-outlook-for-energy-sector/ That report won’t be included in the East Resources Acquisition Co prospectus... Link to comment Share on other sites More sharing options...
Saint Doug Posted July 22, 2020 Share Posted July 22, 2020 5 minutes ago, Mr. WEO said: That report won’t be included in the East Resources Acquisition Co prospectus... No. It’s definitely a bearish report. But the gas prices as factual. I will say this though. Gas prices may never recover in Terry’s lifetime (unless fracking dies). Link to comment Share on other sites More sharing options...
Augie Posted July 22, 2020 Share Posted July 22, 2020 19 minutes ago, Doc said: Yeah. It's mostly the people that don't like him (for some reason, considering he saved the team and returned it to respectability pretty quickly). For some strange reason, there is a contingent of people out there who resent anyone who is wealthy. I personally don’t get that, but it’s clearly a real thing. I’m good with (decent) wealthy people, in fact I’d love to be one! Why the hate from some people? Link to comment Share on other sites More sharing options...
Doc Posted July 22, 2020 Share Posted July 22, 2020 (edited) 4 minutes ago, Augie said: For some strange reason, there is a contingent of people out there who resent anyone who is wealthy. I personally don’t get that, but it’s clearly a real thing. I’m good with (decent) wealthy people, in fact I’d love to be one! Why the hate from some people? There are those. And then there's a contingent that likes to bag on Terry every chance they get, while fluffing other NFL owners. Edited July 22, 2020 by Doc Link to comment Share on other sites More sharing options...
jahnyc Posted July 22, 2020 Share Posted July 22, 2020 (edited) SPACs have become a popular investment vehicle for, among others, private equity firms, hedge funds, and strong management teams with ties to certain industries. I believe that SPACs now represent a majority of the initial public offerings each year. The key is finding an appropriate target company and close the business combination. Typically, once the business combination is announced, the best indicator of future success is how the SPAC's stock trades after the announcement of the transaction. If it trades up, the transaction will generally close. Probably a very good time for a SPAC to be looking at distressed companies and assets in the energy area, but there are a significant number of SPACs looking for business combination target companies right now. Edited July 22, 2020 by jahnyc 1 Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 22, 2020 Share Posted July 22, 2020 32 minutes ago, Saint Doug said: No. It’s definitely a bearish report. But the gas prices as factual. I will say this though. Gas prices may never recover in Terry’s lifetime (unless fracking dies). Certainly possible Link to comment Share on other sites More sharing options...
Mango Posted July 22, 2020 Share Posted July 22, 2020 3 hours ago, Doc said: You're probably right. At least in terms of successful athletes or HC's. So I guess we’ll just put an end to the board? Or maybe just @MJS and @Mr. WEO can just agree that neither will post again regarding football or fracking? ? Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 22, 2020 Share Posted July 22, 2020 1 minute ago, Mango said: So I guess we’ll just put an end to the board? Or maybe just @MJS and @Mr. WEO can just agree that neither will post again regarding football or fracking? ? Frack that!! 1 Link to comment Share on other sites More sharing options...
Doc Posted July 22, 2020 Share Posted July 22, 2020 8 minutes ago, Mango said: So I guess we’ll just put an end to the board? Or maybe just @MJS and @Mr. WEO can just agree that neither will post again regarding football or fracking? ? No, there are lots of other people to criticize. 1 Link to comment Share on other sites More sharing options...
Lurker Posted July 22, 2020 Share Posted July 22, 2020 2 hours ago, Mr. WEO said: Those are different assets than Pegula is offering. See: https://www.latimes.com/environment/newsletter/2020-07-09/boiling-point-warren-buffett-invests-billions-in-fossil-fuel-infrastructure-boiling-point 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... Link to comment Share on other sites More sharing options...
Doc Posted July 22, 2020 Share Posted July 22, 2020 1 minute ago, Lurker 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... If the internet had existed back then... Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 22, 2020 Share Posted July 22, 2020 5 minutes ago, Lurker 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... 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. Link to comment Share on other sites More sharing options...
Lurker Posted July 22, 2020 Share Posted July 22, 2020 Natural gas is big now... And will still be big in 2040 (EIA forecast)... Link to comment Share on other sites More sharing options...
Lurker Posted July 22, 2020 Share Posted July 22, 2020 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... 1 Link to comment Share on other sites More sharing options...
LabattBlue Posted July 22, 2020 Share Posted July 22, 2020 1 hour ago, Doc said: Yeah. It's mostly the people that don't like him (for some reason, considering he saved the team and returned it to respectability pretty quickly). ...or maybe it’s because over the last decade he has turned the Sabres into one of the all-time bad NHL teams. ? Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 22, 2020 Share Posted July 22, 2020 16 minutes ago, Lurker said: 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... 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. 2 Link to comment Share on other sites More sharing options...
Doc Posted July 22, 2020 Share Posted July 22, 2020 (edited) 37 minutes ago, LabattBlue said: ...or maybe it’s because over the last decade he has turned the Sabres into one of the all-time bad NHL teams. ? That's too bad...for Sabres fans. Their other teams are doing well. Edited July 22, 2020 by Doc Link to comment Share on other sites More sharing options...
Lurker Posted July 22, 2020 Share Posted July 22, 2020 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!!)... Link to comment Share on other sites More sharing options...
Punching Bag Posted July 22, 2020 Share Posted July 22, 2020 7 hours ago, MJS said: Oh, you aren't a billionaire? I guess it doesn't make sense for a Joe Schmo to be criticizing a billionaire on his business and money making practices. But it DOES make sense from a P*ts fan. Link to comment Share on other sites More sharing options...
buffaloboyinATL Posted July 22, 2020 Share Posted July 22, 2020 East Resources Acquisition Co. Stadium. Has a nice ring to it, no? 1 Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 22, 2020 Share Posted July 22, 2020 11 hours ago, Lurker said: 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!!)... No matter the going price of gas, it has to make it to market. He now owns nearly 20% of that route. He will charge for use of those routes whether the producer is selling downstream for $3 (a high) or $1 (a low). If NG price had plummeted simply as a function of the pandemic, this would be a more obvious play. But that’s not the case. Link to comment Share on other sites More sharing options...
ROCBillsBeliever Posted July 22, 2020 Share Posted July 22, 2020 (edited) 20 hours ago, TBBills said: He gonna resell and make bank in 10 years when the economy gets better. Yup: buy low / sell high. This is what wise investors do. When the street value of a business is low, but they have good potential, that's when the smart investors swoop in. Good on Pegs for playing this the right way. Reading through this article, I noticed an interesting tidbit: "Those sales provided Pegula with the cash he then used to buy the Sabres and the Bills and build the HarborCenter hotel and ice rink complex next to KeyBank Center, among other ventures that also include a country music recording studio." So T&K are Country Music fans? That's cool. Love me some George Jones. I figure, as Bills fans, we can all commiserate with drinking tons of whiskey to drown our sorrows, stemming from repeated heartbreaks, ha ha! Edited July 22, 2020 by ROCBillsBeliever 1 Link to comment Share on other sites More sharing options...
iinii Posted July 22, 2020 Share Posted July 22, 2020 How is this related to football? This has nothing to do with X’s and O’s. Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 22, 2020 Share Posted July 22, 2020 13 hours ago, Doc said: That's too bad...for Sabres fans. Their other teams are doing well. The Amerks were doing very well. So Pegula fired the Coach and GM. Link to comment Share on other sites More sharing options...
iinii Posted July 22, 2020 Share Posted July 22, 2020 This deal will have virtually zero bearing on either team’s viability in Buffalo. Link to comment Share on other sites More sharing options...
plenzmd1 Posted July 22, 2020 Share Posted July 22, 2020 1 hour ago, Mr. WEO said: The Amerks were doing very well. So Pegula fired the Coach and GM. yep, they were a surefire development pipeline last 3 years, man , how will the Sabres ever survive without that steady pipeline of NHL ready players from the A they have grown accustomed to last 3 years Link to comment Share on other sites More sharing options...
BullBuchanan Posted July 22, 2020 Share Posted July 22, 2020 22 hours ago, MJS said: Oh, you aren't a billionaire? I guess it doesn't make sense for a Joe Schmo to be criticizing a billionaire on his business and money making practices. This guy thinks people become billionaires through expertise, lol. 1 Link to comment Share on other sites More sharing options...
May Day 10 Posted July 22, 2020 Share Posted July 22, 2020 The Amerks were.... OK. Murray to a point, and Botterill much moreso were big AHL guys. The Amerks' performance was driven by a lot of players who wont see more than a desperate callup to the NHL a few times in their lives. They have been lacking in prospect contributors as the last 2 Sabres GMs have been horrific at asset management, drafting, and developing players. Rochester has had a few good regular seasons, but failed to win a playoff... game. Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 22, 2020 Share Posted July 22, 2020 14 minutes ago, plenzmd1 said: yep, they were a surefire development pipeline last 3 years, man , how will the Sabres ever survive without that steady pipeline of NHL ready players from the A they have grown accustomed to last 3 years With all those "generational" players they have drafted, Sabres should be hoisting Cups, no? But the Amerks had enough talent enough to be on pace to make their 3rd playoff appearance in 3 years. Before Sexton, the Sabres GM was the Amerks GM. How did that go for the Sabres (or the Amerks)? What was your point? That they had to fire the Coach and GM of their successful farm team? Well argued.... Link to comment Share on other sites More sharing options...
Mango Posted July 22, 2020 Share Posted July 22, 2020 4 hours ago, buffaloboyinATL said: East Resources Acquisition Co. Stadium. Has a nice ring to it, no? Basically stays the same name, the "new" ERA co. field. Pegula playing 6D Rummikub with this one. 1 1 Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 22, 2020 Share Posted July 22, 2020 6 minutes ago, May Day 10 said: The Amerks were.... OK. Murray to a point, and Botterill much moreso were big AHL guys. The Amerks' performance was driven by a lot of players who wont see more than a desperate callup to the NHL a few times in their lives. They have been lacking in prospect contributors as the last 2 Sabres GMs have been horrific at asset management, drafting, and developing players. Rochester has had a few good regular seasons, but failed to win a playoff... game. Won 2 in '13-'14 7 minutes ago, BullBuchanan said: This guy thinks people become billionaires through expertise, lol. Like....Woody Johnson! Link to comment Share on other sites More sharing options...
Doc Posted July 22, 2020 Share Posted July 22, 2020 1 hour ago, Mr. WEO said: The Amerks were doing very well. So Pegula fired the Coach and GM. And? How will they do in the future? Will there even be minor league sports anytime in the near future? Link to comment Share on other sites More sharing options...
RiotAct Posted July 22, 2020 Share Posted July 22, 2020 37 minutes ago, BullBuchanan said: This guy thinks people become billionaires through expertise, lol. expertise, courage and usually a healthy dose of luck. Link to comment Share on other sites More sharing options...
Mr. WEO Posted July 22, 2020 Share Posted July 22, 2020 11 minutes ago, Doc said: And? How will they do in the future? Will there even be minor league sports anytime in the near future? LOL...what? There might not be minor league sports? And this is why Pegula fired the only successful pro hockey management team he employed? Link to comment Share on other sites More sharing options...
Doc Posted July 22, 2020 Share Posted July 22, 2020 9 minutes ago, Mr. WEO said: LOL...what? There might not be minor league sports? And this is why Pegula fired the only successful pro hockey management team he employed? LOL...what? Check 2011-2014. And minor league sports are in a world of hurt. Might be a good time to dump the team. It likely won't go anywhere. Link to comment Share on other sites More sharing options...
Putin Posted July 22, 2020 Share Posted July 22, 2020 23 hours ago, JoshAllenHasBigHands said: It's a wise move but for the current political climate. Smart money is the government is going to push hard left next year. I would not want to be in the energy business when that happens. Tell me about it I’ve been working in the oilfield for the past 5 years , moved my family to Texas from Florida , was thinking about selling my house and buying one here , now I’ll have to wait and see what happens in this election Link to comment Share on other sites More sharing options...
plenzmd1 Posted July 22, 2020 Share Posted July 22, 2020 1 hour ago, Mr. WEO said: With all those "generational" players they have drafted, Sabres should be hoisting Cups, no? But the Amerks had enough talent enough to be on pace to make their 3rd playoff appearance in 3 years. Before Sexton, the Sabres GM was the Amerks GM. How did that go for the Sabres (or the Amerks)? What was your point? That they had to fire the Coach and GM of their successful farm team? Well argued.... that they were not developing players..at all. No big loss. Wins at that level mean zero if you are doing it with players who will never help the NHL club. Drafting plays a part in that, but successful coaches can develop players as well. Chris Taylor was no huge loss. March Sabres fans , including me, were" blow the whole thing up, this entire organization is trash" Sabres blow the whole thing up, same fans are "Pegulas blowed the whole thing up..WTF they are cheap and don't know what they are doing" 1 Link to comment Share on other sites More sharing options...
BullBuchanan Posted July 22, 2020 Share Posted July 22, 2020 (edited) 51 minutes ago, Putin said: Tell me about it I’ve been working in the oilfield for the past 5 years , moved my family to Texas from Florida , was thinking about selling my house and buying one here , now I’ll have to wait and see what happens in this election You could always cross-train in the renewable energy sector. Unless you're 50, your job will be likely gone long before you can retire. Edited July 22, 2020 by BullBuchanan 1 Link to comment Share on other sites More sharing options...
Doc Posted July 22, 2020 Share Posted July 22, 2020 35 minutes ago, plenzmd1 said: that they were not developing players..at all. No big loss. Wins at that level mean zero if you are doing it with players who will never help the NHL club. Drafting plays a part in that, but successful coaches can develop players as well. Chris Taylor was no huge loss. March Sabres fans , including me, were" blow the whole thing up, this entire organization is trash" Sabres blow the whole thing up, same fans are "Pegulas blowed the whole thing up..WTF they are cheap and don't know what they are doing" Same fans who thought the NHL was a joke and didn't give a ***** about the Sabres years before the Pegulas came on the scene. But now it's evidence that they're bad owners. Like I said, I wouldn't care if they sold everything but the Bills, if the Sabres were ensured of staying in Buffalo. Let them focus on the most important franchise. Link to comment Share on other sites More sharing options...
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