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Josh Young  

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  • ConocoPhillips' Pragmatic Management Continues To Be Ahead Of The Curve (And Exxon Mobil) [View article]
    I meant XOM! But that too. Spinoffs certainly seem to frequently outperform indicies, a la Greenblatt.
    Feb 4, 2015. 05:51 PM | 2 Likes Like |Link to Comment
  • ConocoPhillips' Pragmatic Management Continues To Be Ahead Of The Curve (And Exxon Mobil) [View article]
    Interesting article. That PSX + COP performance really blows XOP's performance out of the water!
    Feb 4, 2015. 02:50 PM | 2 Likes Like |Link to Comment
  • Oil Price Crash Continues To Affect Oilfield Housing - RV Parks Emptying Out [View article]
    Thanks for the on the ground observation. I agree that the impact will be felt widely. I'm not sure how the overall US economy might be affected, as the loss of oil income and jobs may be offset by gains from lower gasoline prices. But the Texas economy seems very likely to be hurt badly by this, as I discuss here http://bit.ly/1CvdZTA
    Feb 4, 2015. 09:48 AM | Likes Like |Link to Comment
  • Oil Price Crash Continues To Affect Oilfield Housing - RV Parks Emptying Out [View article]
    http://seekingalpha.co...

    I wrote an article about the short thesis on IRET, linked above
    Feb 3, 2015. 03:10 PM | Likes Like |Link to Comment
  • Oil Price Crash Continues To Affect Oilfield Housing - RV Parks Emptying Out [View article]
    La Quinta's average room rate is less than $100 across the whole chain. Its simpler to focus on one city (Midland) but room rates are falling across Midland, Odessa, Sweetwater, Gonzales, etc.

    The point of this article is that lodging options near oil fields are seeing much lower utilization.

    And re: Texas's economy, here is my take http://seekingalpha.co... and here is JP Morgan's take http://seekingalpha.co...
    Feb 3, 2015. 10:52 AM | Likes Like |Link to Comment
  • Kinder Morgan Buys Harold Hamm's Hiland Partners - Should Continental Have Benefited? [View article]
    Not necessarily, that $200 mm may have been paid for with the debt that Hiland incurred.
    Feb 2, 2015. 03:10 PM | Likes Like |Link to Comment
  • Kinder Morgan Buys Harold Hamm's Hiland Partners - Should Continental Have Benefited? [View article]
    Thanks for sharing this link. The lawsuit could have just been delayed or settled out of court. These things can take time to play out. I think this highlights the risk to Kinder Morgan from this transaction, and the dubious ethical nature of the transaction.
    Feb 2, 2015. 11:38 AM | Likes Like |Link to Comment
  • Oil Price Crash Continues To Affect Oilfield Housing - RV Parks Emptying Out [View article]
    We'll see. In theory it should, but oilfield wages were high and many other industry wages are lower.

    I do think an obvious impact will be lower revpar for hotels like La Quinta. With 26% of their revenue just from Texas in 2013, and with La Quintas in Midland having charged $400 per night!!! at the peak, while others outside of Texas charge $60 per night, I don't see how they will avoid the impact of this.
    Feb 2, 2015. 11:30 AM | Likes Like |Link to Comment
  • Oil Price Crash Continues To Affect Oilfield Housing - RV Parks Emptying Out [View article]
    Oil needs to go up by a lot more than it has in the last few days to reverse the lower US onshore capex trend and improve the situation for oilfield housing providers.
    Feb 2, 2015. 11:28 AM | 2 Likes Like |Link to Comment
  • Kinder Morgan Buys Harold Hamm's Hiland Partners - Should Continental Have Benefited? [View article]
    "Guaranteed he is plowing all that money into CLR right now" - really? I don't see any mention of that in the SEC filings. Looks like he's using the proceeds to fund his $1 billion divorce settlement with his wife.

    Shareholders of CLR are not benefiting from it. They are stuck in a long term contract paying a high price per barrel to transport their oil. And they missed out on a 20x+ return. How is that not fishy.
    Feb 1, 2015. 04:27 PM | Likes Like |Link to Comment
  • Bill Gross: Games People Play [View article]
    Great article by a brilliant super-investor.
    Jan 29, 2015. 06:10 PM | 7 Likes Like |Link to Comment
  • Profit From The Oil Price Crash And Follow Blackstone: Short La Quinta Holdings [View article]
    Thanks Mark. That looks interesting, although impact will be delayed compared to the impact to lodging providers like LQ.
    Jan 29, 2015. 01:15 PM | Likes Like |Link to Comment
  • Sanderson Farms And Pilgrim's Pride: A Game Of Chicken [View article]
    What about potential price deflation of chicken?
    Jan 29, 2015. 09:36 AM | Likes Like |Link to Comment
  • Sanderson Farms And Pilgrim's Pride: A Game Of Chicken [View article]
    Interesting article. What about additions to chicken "production" capacity?
    Jan 29, 2015. 08:57 AM | Likes Like |Link to Comment
  • The Oil Sector Stock I Dream About Owning One Day [View article]
    Rough forecast for CLB. I agree this is a high quality company and I just need the right valuation before investing.
    Jan 29, 2015. 08:55 AM | 2 Likes Like |Link to Comment
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