Its a crude world
7,257 views3/9/2020
The booms and the busts. Hilter and Co are US nrg boyz. Rubber meets the road.
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| 00:00 - 00:03 | The OPEC meeting was a disaster in Friday |
| 00:04 - 00:05 | The Russians walked away |
| 00:05 - 00:07 | This is where we planned on drilling |
| 00:08 - 00:12 | but this news is devastating |
| 00:12 - 00:15 | now all we have left is the core |
| 00:17 - 00:19 | thats fine,market will rebound |
| 00:19 - 00:21 | and we have the Saudis on our side |
| 00:24 - 00:26 | ummmm...sir |
| 00:27 - 00:28 | the ugh Saudis |
| 00:31 - 00:33 | decreased their crude price to markets we sell to |
| 00:34 - 00:36 | and raised production 1 million bbls |
| 00:53 - 00:58 | Everyone who said Russians/Saudis were on our side get out |
| 01:13 - 01:15 | how the fuk did we not see this coming |
| 01:15 - 01:17 | why didnt we hedge 100% of our production at $60 |
| 01:18 - 01:23 | I told u dumb mother fukers they couldnt be trusted |
| 01:25 - 01:28 | were going to have to fire everyone in the hall |
| 01:29 - 01:31 | the whole lot of em |
| 01:31 - 01:34 | We are at max leverage and nobody wants our crude |
| 01:34 - 01:37 | we are on a fuking island all by ourselves |
| 01:37 - 01:40 | i told you to manage risk and you said the models were good |
| 01:40 - 01:42 | we hedged 25% of our production at $60 crude |
| 01:42 - 01:46 | 25%! you damn fool. what about the other 75% we produce |
| 01:46 - 01:48 | we can drill core wait for market to rebound! |
| 01:48 - 01:52 | its not going to rebound overnight u dumb mother fukker |
| 01:53 - 01:54 | ill rebound my foot up ur ass |
| 01:56 - 01:57 | how could you not see this coming |
| 01:57 - 02:00 | you knew global demand was slowing |
| 02:00 - 02:03 | Coronavirus was the sign and u did nothing |
| 02:04 - 02:08 | how many fuking chances did you need |
| 02:08 - 02:13 | 200 million bbls of demand destruction |
| 02:14 - 02:16 | and now Russia and Saudis fuking us from behind |
| 02:17 - 02:21 | Putin and MBS just big dicking us like theres no tomorrow |
| 02:27 - 02:29 | sell the corporate jets |
| 02:30 - 02:34 | but not mine. I need that shit. I am the king |
| 02:34 - 02:36 | if we gotta cut costs, cut the dividend |
| 02:41 - 02:42 | fuck the shareholders |
| 02:43 - 02:47 | Fuking Putin & MBS working together. where the fuk is Trump when u need him |
| 02:48 - 02:53 | We shouldve known not to compete with the sovereigns |
| 02:54 - 02:56 | all the cheap money we had acces to |
| 02:56 - 02:59 | we took the shits and thought the party would never end |
| 03:00 - 03:02 | Those fukers at the banks just kept giving it away |
| 03:04 - 03:07 | its not your fault we have this much exposure |
| 03:14 - 03:16 | Call the banks, offer up some collateral |
| 03:19 - 03:23 | I hope they dont take my jet |
| 03:25 - 03:26 | thats how we get 2 nape |
| 03:31 - 03:33 | we may need to slash bonuses |
| 03:40 - 03:46 | it was a good run boyz |
| 03:46 - 03:49 | All theose boondoggles on the corporate card |
| 03:53 - 03:56 | this is it...the end of the road |