Aubrey's New Fund: Energy 11 LP; to raise 2 Billion

PA and WV you are in Aubrey's plans.  

http://www.star-telegram.com/2014/07/17/5978405/mcclendon-seeks-to-...

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Permalink Reply by The Hiker on July 24, 2014 at 2:20pm

Seven levels below investment grade!   Who are these people with so much spare cash that they can invest in a company with no assets and no income....to the tune of 2B?

Permalink Reply by Dexter Green on July 24, 2014 at 2:42pm

Have you seen the valuations for the Russell 2000 lately?  

Permalink Reply by The Hiker on July 25, 2014 at 2:13am

?

Permalink Reply by Dexter Green on July 25, 2014 at 2:31am

You asked who these people with all the spare cash are and why they'd invest in a company with no assets and no income.  My evidence of who they are and why they do it is the insane valuations of hundreds of companies on the open market.  You know what, if I have to explain it in detail then it must not have been a very effective or funny joke.  Apologies.

Permalink Reply by Summer Johnston on July 25, 2014 at 5:27am

 My evidence of who they are and why they do it is the insane valuations of hundreds of companies on the open market.  You know what, if I have to explain it in detail then it must not have been a very effective or funny joke.

Let me step back in time:

  • it's a new paradigm
  • cash is trash
  • It's different this time
  • Earnings don't matter

And that all seems accurate--once again. Investing is completely upside down based upon fundamentals. Wait til the bubble bursts.

Permalink Reply by Paul Martinelli on July 25, 2014 at 5:53am

Pure Speculation.......

High risk  with potential high rewards.

It is cash they can afford to loose.

Permalink Reply by Dexter Green on July 25, 2014 at 8:59am

Who is they?  Because Aubery will be funded by institutional investors, which means pensions from state and local workers across the country.  You know, the ordinary schlubs whose investments always get hammered the worst when these things go pear-shaped.

Permalink Reply by Summer Johnston on July 25, 2014 at 9:37am

You left out two words:

Taxpayer bailouts.

/sarc

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