Everything posted by Eastwood
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Hey Oil Barons.......
There's a lot of East Texas and South Texas land about to be unleased. A lot of the leasing in that area occurred between 2015 and 2017. The 2015 leases will be out of their option period and the 2017 leases will either allowed to be expired or companies will have to eat the option bonus when cash is tight.
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Surly Thread of Business Owners/Managers, Etc. & Current Business Climate
Just be careful who you choose. Finally heard back from my bank (local credit union) today and they fully confessed to not having the resources to deal with the surge and fully copped to leaving me in the dark. I told them that I appreciate the honesty, but the genie is already out of the bottle. I found another small bank that had me on the phone and applying with 10 minutes of calling them and I didn't have a single cent in their bank. Not all small banks are created equal.
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Hey Oil Barons.......
Natty almost touched $2 today, though
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Hey Oil Barons.......
If demand can't get it together, I think it's possible this happens again next month
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Hey Oil Barons.......
That was so 30 minutes ago.
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Hey Oil Barons.......
Yet, Diamondback, Devon, Baker Hughes, and SLB are up on the day.
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The Hot Deals Thread
Some news has been trickling out about a future junker program coming out to help the auto manufacturers. How old is the vehicle you're replacing?
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Markets still falling like whoa
The energy stocks jumping like they are today is the most backwards thing I have seen in the market. Devon Energy jumped almost 12% today, for example. Insanity.
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Surly Thread of Business Owners/Managers, Etc. & Current Business Climate
Unfortunately, no. Didn't know that was an option. Tried through my bank, RBFCU, but got absolutely left in the dark by them for over a week until it was too late. IBC actually ended up helping me in the end, but that was Wednesday when the funds ran out. Damn shame because I liked RBFCU, but couldn't get a single response back from them. Within 10 minutes of calling IBC, I was on the phone with VP of commercial lending. Guess I'm moving my business over.
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Surly Thread of Business Owners/Managers, Etc. & Current Business Climate
No, I didn't get in, but I did get through the application process. I'm a single member LLC and pay my personal account from the business account after expenses, so it is insanely easy to show salary. Speaking of, if any of you self-employed folks need help creating an entity, I fully recommend Full Skope, LLC. A Surly member is a part of that and it was a smooth process.
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Surly Thread of Business Owners/Managers, Etc. & Current Business Climate
Brew's experience was the same as mine. Just asked for Schedule C and nothing more.
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Markets still falling like whoa
It's being called a treatment instead of a cure. I'll buy some calls at the open tomorrow and ride the wave a little, but the moment a hint of bad news about the controlled study breaks...
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What would you do if the US Treasury sent you $1,000
Yup. Status Not Available. Read this morning that it may have to do with recently filed taxes. I filed my 2019 last week, so I'm assuming that is the issue for me.
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Markets still falling like whoa
I gotta be honest, "two tugs of a dead dog's dick" is a new one for me. I'm stealing it.
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Hey Oil Barons.......
The geologists and PEs will most likely correct me, but isn't there a risk of damaging the reserves if too many wells in the region shut in? I know stopping the flow of a well too much or producing too much can both damage the reserves. Any new production coming online this year probably needs to pump.
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Surly Thread of Business Owners/Managers, Etc. & Current Business Climate
https://www.cnbc.com/2020/04/15/small-business-rescue-loans-top-296-billion-rapidly-nearing-the-programs-funding-limit.html Welp, so much for that. Big shout out to RBFCU for closing me out of the process before I could even apply. You lost my business for that when we get on the other side of this. A sincere thank you to those in here who pointed me in directions that could possibly help.
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What would you do if the US Treasury sent you $1,000
According to the IRS portal "Status Not Available." Between this and the independent contractor portion of the PPP fiasco, I'm just hitting on all cylinders with this crisis.
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Surly Thread of Business Owners/Managers, Etc. & Current Business Climate
I promise it wasn't me.
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Formerly DT: COVID-19 - Featuring Lots of Politics, now CR because political talk not going away
DP
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Formerly DT: COVID-19 - Featuring Lots of Politics, now CR because political talk not going away
I was in HEB in north central San Antonio a couple of days ago. A large chunk of the people were masked, gloved, or both but there was one lady wit her younger daughter, probably around 10, and it looked like they were getting a big laugh at any person wearing gear. Snickering, eye rolling, etc. People like that is why we have to do mandatory lock downs. I had read an article that 81% of South Korea's cases were from one person during the early stages not isolating after diagnosis. Literally all it takes is one idiot.
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Hey Oil Barons.......
Hang in there. We've been here before back in 2016.
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Surly Thread of Business Owners/Managers, Etc. & Current Business Climate
Independent contractors weren't eligible for the PPP loan until Friday, just in time for most lenders to close their application process. I'm now on the outside looking in. My bank's website reminds me that there are plenty of other banks offering the loan, which feels like a slap in the face because none of them are lending to people who don't have a business account with them. Waiting to hear back on when they'll open the application process back up, but it's starting to look like the path of least resistance is finding a bank that is still taking applications and just switch over to them.
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Formerly DT: COVID-19 - Featuring Lots of Politics, now CR because political talk not going away
Anywhere with at least one tree, one picnic bench, and one of those box grills on a post.
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Formerly DT: COVID-19 - Featuring Lots of Politics, now CR because political talk not going away
In San Antonio, the cops had to keep breaking up large groups in the parks, including birthdays. With Easter coming up, they essentially said, "parks are closed, we can't trust you."
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Hey Oil Barons.......
From 12% gain to 9% loss in a matter of hours. Amazing.