28 Burst results for "Pickering"
"pickering" Discussed on Oil and Gas Startups Podcast
"It's a really interesting. I really like to hear how people evaluate their deals and spend their time. Because obviously it's it's a big part of what we do as well. And i and i completely understand right so what you're saying to be relevant. That's kind of what it takes. So what is like what is your essentially like what. What's what's dan pickering's and goal news right like what. What is is it to to you know by becoming a billion company and sell or is it too just to make you know assets. Purchase them be a An investment group with what. What's the angle so you know. The the in goal is to create a business that is Is profitable makes money for the shareholders of pickering energy partners. Because we've got we've got call it thirty outside. Investors that put money with us when we spun off in two thousand nineteen and so we need to make money for them which means in a people driven business which is what all of these businesses that i mentioned are people driven business. You've got to hire good people. You've got to help them get better over time. So that as i get to be an old and cranky critic crinkly old man That you've got someone that steps in to do all the things that that need to be done on an on an ongoing basis. So what do i wanna do. Only get money to put to work in the energy companies during downturn. Which is what we're trying to do. I wanna make sure that we've got a team that when we say will come out and help a company on a consulting basis. We actually do you know from a research perspective. I wanna have guys that are smart and viewed as industry experts where people say. Help me understand. And they actually do. And then on the advisory side. I wanna create an organization that can identify good. Good deals raise money for them and help people. Execute transactions also. I i love hearing that man. I love hearing people actual champions of industry kind of be like we want to be legitimate champions of industry but this is what we love and what we do and you know it really seems like it's authentic when you were talking about. It really seems like you really love oil and gas and all this stuff. I mean patchy shines through for sure. It doesn't seem like you're faking this as like he's oiling. Gas in your blood or is it like this is something you just started liking or like. I'm trying to ask you where you just like a nerd. Growing up the answer to that. Of course so. I you know i mean been involved in this business for a very long time so when i was held in or if you don't have to tell you i'm i'm fifty four and i was my first job in the oil patch was in. I was nineteen so long time right time. Yeah so two or three years at least and Yeah what what. What i'd say is that right. There's you need to be passionate about what you work on now. What i you know. So but but i would highlight that so willing gas is an area of expertise for me but you also you mentioned it earlier right you have to cast a practical i on the industry. So that's what i'm trying to do. And so if i thought that oil and gas had five more years to go i'd be saying i think one of the guy says five more years to go. I think you said earlier annoying. That people are paying a ten for. Pdp's what's even more annoying or hard to understand for me is people paying you know five percent irr's for wind projects. So i think that that that oil and gas assets in many cases are too expensive and then some of renewable assets are even more expensive. And so you know. I think i called this decarbonisation thing a megatrend which says we want to be involved in it. Were actively hiring people you know spending time understanding and learning this sector. And so i think you know. Oil and gas people are going to have to become more versed in this decarbonisation issue and there may or may not be opportunities. But you can't ignore it. And so i think we've all got to spend some time thinking about how it affects our business and so for us i don't have to beat them. Join them You know this is a if we're gonna spend three trillion dollars a year for the next decade. Guess what. I'm going to be a part of that. Don't abandon the oil and gas business. That i grew up in love it and it's necessary and i think people are wrong to demonize it like the way they do but But we gotta be practical practicalities really important. So do you drive a tesla. I had one. But i don't drive anymore. Oh we we started use of. We started a an ev charging services business. Oh really last year. It's called merge electric fleet solutions. And we did that. Because i think that there will be a time i mean look. I don't know the exact pace at which happens. But you have got your head and saying if you don't think we're gonna sell a lot more electric vehicles in the united states over the next ten years and that on sue for me. I'm a car guy. I really annoys me. Because i love to hear an engine right. I don't like this this whole electric business. And the reason why i asked you that was i actually want to have a perfect segue into on chuck gates. He a. That's a weekly segment as well. The on oilman did not we have a weekly segment on what a delusional old man check aids. I heard his actually trading in tesla. He's done it already. But i think he's getting rid of it. That's probably smart thing. Because i shamed them so much into it. Because you're the only one. I probably am to probably only one. That's ever been meantime. He's a sweet as genuine guy in the world. It's so hard to be mean to him. Now twitter somebody well yeah. Somebody's gotta do it. Somebody's gotta do someone's gotta do the hard work okay. So we're getting close to wrapping up and you kind of touched on it a little bit but since you are so passionate and also well-versed curious if you woke up tomorrow and you are now the ceo of oil and gas and you have a three pronged approach to our path forward given what we've already talked about with the twenty to thirty horizon. We think is our best. Our best path for the oil and gas business. Yeah one would be so one prong is do better at what you do. So that means continue to focus on getting you know being a low cost producer. Get costs down efficient. The second would be to not just get better and have lower costs. You're going to to incorporate soon more yes g. and carbon focus in the business. So that says you gotta get your flooring down you got to you know get your your methane emissions down etc. So you're going to need to be low cost efficient producer. That's problem number one problem number two. Is you gotta be more carbon sensitive not carbon-neutral but carbon sensitive and i don't know if there's a third prong the bigger you are the more you can think about developing into this kind of growth business. I think that in a in a three trillion dollar a year business. You know anybody that can sell something to renew our producers or battery guys or whatnot should be trying to do that. And so particularly. If i'm a service company in a way that i can take what i do and extend that over into the to the energy transition sector. I'm absolutely doing business development there so those would be the three products love it. I love it too. I really appreciate you coming.
"pickering" Discussed on Oil and Gas Startups Podcast
"So when i say the permian i mean both amid and the delegates. Okay yeah so what you meant. Yes yeah could see interface. Yeah i'm more of a three forks guy out there. We go over the restaurant. No for a fortnight. No i thought you said three forks and for some reason. I just thought you were trying to be funny. And you're talking about the restaurant downtown now. There's a base in called the three or four space. Never heard of her. I'll t- i'll show it to you. Thanks there you go. You learn something every day. formation. Yeah oh okay okay. Oh he's talking about the balkan when we're talking about the permian tomato tomato so use of delaware has some very attractive Kind of core economics. Maybe a little bit harder. You know the new mexico side of of the delaware a little tougher to operate law. Lovely county nato a lovely county new mexico. Yeah so that's the base and that's been our quote unquote favorite if you will the reality. Is that when you're dealing in the lower middle market. I mean we're doing deals that range from twenty two under a hundred million. When you're when you're thinking about that i mean what you're really looking for is is a one-off opportunity. You mentioned a lot of expensive things. Peavy eight nine. Ten type deals being done. Yeah and so the answer as you look through a lot of them to find a peavey twelve thirteen or the drilling upside deals. And that's what we've been doing. And that's kind of lead us more focused on the permian. Does it piss you off a little bit. That there's companies that are that are paying the apd nine which is kind of from what i'm seeing because it does pissed me off. I feel like the market is trying to realize itself as a seller to an expectation of a ton. The anybody paying. Tv eight or nine is up. In my opinion improperly valuing the both the combination of the asset and the commodity price so they probably have a higher oil price expectation than you do generally more there. They think they see some upside. That maybe you is another bidder. Don't see so eight to ten. Is too low too low in good times and i would say we're not yet good times so it's too low. It's aggravating. it may be brilliant because if oil goes to eighty five then p is really p twenty and good on them if they haven't had should away so if you wanna make price bet there are other ways to do it or i'd find better ways to do it than than buying producing assets in play the curve you keble public stocks etc so. I've been disappointed that the market got his quote unquote expensive as it did as quickly as it did. So you gotta look for that needle in the haystack. And look for deals i. I'd be very frustrated if i was trying to deploy billions right. So it's it's it's easier when you're doing. Smaller deals without providing any proprietary information on pep one point own pepple two point zero. I really like see. How do you has a better talk. How do you value to deal. How does how does dan pickering himself. Look at it to say that. Hey let's say it comes on energie net right. How do you look that deal. And what makes you say. That is a good deal. That is bad deal. Yup this is yousef getting free consultation. I know. I know. That's why i said you don't have to give me proprietary. Yes yeah so. First thing i'd say is that right. This is a team effort that we have. We've got half a dozen guys that work in our private equity group that do ninety nine point nine percent of the work so i don't wanna take credit for what they're doing but you know our analysis is typically going to be i. I'd say we're not typically that involved in the energy net type properties that that'd be a little smaller than what we're looking at we're typically looking at marketed deals. That are a little bit bigger than that. How do you know what do we do. We try to do our own engineering so we try to. You know anytime you take what the seller tells you. Something is worth you know. That's caveat door. I guess so. We try to do the engineering work around. What our expectations. Than you've got layer and your your view on Transportation marketing operating costs. As if you're owning it i f. You've gotta you've gotta layer in your expectations around commodity price and run an economic model with some realistic risking around. What if i'm wrong and so the challenge to that is you. Can you can kind of safety factor yourself to death right. You can be conservative in each one of your assumptions and you wind up being. You know the guy who bids half of the winning bid doesn't mean it's wrong just means when you win. It's going to be a great one but you know you've got to. You've got to figure out what you think it's worth what you think. The market thinks it's worth and and be prudent about your kind of your expectations on your input so you know for us evaluating deal typically takes anywhere from seven to thirty days depending on how complicated it is how how big a package it is and then you know then the art of the deal kicks in and how do you. How do you negotiate being being the winner if you will and you gotta make sure that when you're done you are you consider yourself a winner and it's never gonna be never going to be one hundred percent. One sided right the seller to walkway like they got a reasonable price. But you also can't be so hungry for something that you know you're going to own at any price. Yeah no that's a really good point so seven to thirty days so that's a lot of investment for because you know you get every deal that you put that time into it. I mean very honestly talking most of you. Yeah very rarely. Do you get those deals. So how'd you kind of justify that at one time because it's feast or famine then right. Well look what you're what you're hoping for is two or three deals year that you can deploy a reasonable amount of capital and It's it's kind of like stock or or investing in in any industry. You know have to win every deal. You got to avoid the bad ones right so you make a lot of money. Not doing bad deals or avoid opportunity cost and and then you know the two or three you do. That's why you can't look at a three million dollar energy net thing because that got to do a lot of those two to yeah to matter so we're typically trying to deploy somewhere between call eight hundred and two hundred fifty million bucks in the given year at more right now. We're more aggressive right now because we need the environments quite good. I'm i'm nervous about. I want to get as much money as i can put to work right now because i think the environment's so much better as a buyer and it's going to be in a year or two i'd love to be a seller in a year or two because i think commodity prices will be strong and interest in the sector. We'll come back. So how do you justify it you got to you. Got to look at things from a portfolio effect. That the two or three you do are good and big enough to justify the aggregate investment.
"pickering" Discussed on Oil and Gas Startups Podcast
"Such an important role in our society. The world would love to wean them off more quickly and they're going to be able to and so we have a. I think we're going to have twenty or thirty years where we're viewed as an industry were. They're a negative perception of our industry. Because it has carbon and we are trying to be decarbonised but at the same time. It's the it's the devil that you've got to be in bed with because you want to drive its energy. Oil and gas is so cheap relative to other forms of energy that are lower carbon intensity so. I think that this debate is not going away. I think that the oil and gas business is going to be. It's a bit of sun setting business but it's a long sunset so it's you know. Twenty thirty. plus years is going to be a lot of money made in the business. Sort of very begrudgingly. And and so less curls were less Less bearish less negative than a lot of people would would like to thank. But you know the same time we're gonna have to the oil and gas business is going to have to be a better industry both financial discipline as well as can have to. It's going to have to focus on. How could it be a lower carbon business as well. Do you think we have that in us. As as you know the fossil fuel the oil and gas industry i mean. I don't think so. Because if you look at any downturn that we've ever had as soon as the downturn comes it's it's oh my god the world is ending and soon as oil prices kind of start creeping back up its drill. They've drills spent all the money. Can't yeah i mean us. That's there will be element of that. That's you know. That's the cycle within the cycles. If you will our cycles within the cycle. I think that this is going to be an increasingly private business. The public's are gonna grow much slower than the privates generally recounts already shifted. Were well over fifty. It's like fifty eight percent of us recount. Right now are privates as opposed. Publix publix are diverting capital away. wait a shareholders away. Espn initiatives way to lower carbon initiatives and so It's going to be an increasingly private business. I think that we were talking about this today. Internally if you go and listen to second quarter. Earnings calls from oil and gas public oil and gas companies. How you. ceo's back away from the pledges. They are making right now. How do they back away in the next six or twelve or eighteen months can be really really hard so over the next ten years will there be another upcycle. Yes i firmly. Believe that but i think that it's going to be more muted than it's been historically because you've got this overhang of peak demand you've got this overhang of decarbonisation So do you think like A like specifically oil prices right now did you. At any point everything goes gonna hit one hundred like like everybody in the industry was like we're headed to one hundred and because i never thought so but i also never thought we were gonna see seventy-six you look at the oil prices and i mean the lease or not as much talked about as the gas prices. I don't think people realize how the gas prices all right now and that frankly that kind of worries me just a little bit. Because you know i don't want it to crash burn. I really liked gas. I mean we have a decent amount of gas at our company so it just makes me think but you know if it went up so high is it can. Is it gonna crash and burn because You know you have you know i. It seems like you've kind of made in delivery put words in your mouth. It seems like you made your bread and butter almost being such an analytical person and having such an analytical team behind you that this is kind of what you this is this is where you kinda thrive right is where people go to that that that oracle that guru to be like. Hey what the hell is going to happen. And it feels like you're the kind of guy that for some reason or another. I could be absolutely wrong. I'm not but i could be absolutely wrong. It seems like you really give that authority that you can be like. Hey listen this is why. I believe it's going to stay here because of abcd even right. Now we have the conversation internally. And i'm like you know as we're evaluating assets that were personally buying i don't know which which price sect us you go and you look at any bank or financial institutions price tag. It's it's it hasn't caught up yet and you go kind of look at price hikes and you want it to be higher but you also are. You know you don't want to have that. That's short memory that you know literally. For months ago we were in the negative. I mean it's it's really hard to do. And now all of a sudden you're at seventy it's it's kind of like okay. Let's let's let's Let's pay pva. Who cares it's worth it right. Acreage is good. We can go drill it out. See there you go. He is the problem not as you can hold it back. What he's really saying is i don't think i can can't hold on. I can't i i'm legitimately. I am a problem in the industry when it comes. Because i get excited about it right like you see like i should start selling frankly because i see the way people are buying like their stuff. That are kind of going on and you go. You can go to any one of the private you know you go to the the brokerages and you see what they're selling for. People are paying ridiculous amounts of money. People are getting a lot closer to nine ten than they were a long time ago which i think people should be closer to p fifteen p. Eighteen people are paying close to the. I mean it's it's really hard to to kind of see it. So yeah you're right. I am the problem when it comes to that. Because i i'm one of those. I get excited when i see it. I'm like now's the time baby. Let's let's bile his drill. It's let's get going sidebar. What is pv and then. What are the numbers after me. So pv is president val execute. I wanna get down here from from these right and you. Are you very strong. Guru vibes area. Trust anything you say. Pv present value k and the number after is is essentially the discount rate that you're paying so the return you ought to get ten means you ought to get a ten percent return from a on present value basis on the assets that you're buying okay so higher the better the higher the higher the the more money or making the lower the the less yield. You're getting if you will. President value derived from time value of money. So it's it literally is goes back reserves so right like if you go go to were a commodity based business that were literally every day that we're producing or destroying our asset right. We're taking it out of the ground. Losing it so. I mean it's true though. Yeah so if you look at reserves on anything that you do. They're never the same year after year. They go down every single year no matter what. Because you're you're taking hydrocarbons no so that's all you have to go drill and you have to do all that other stuff so so. Do you think that drilling is going to gonna stop it. I mean i. You didn't answer my question about being good either so make sure you answer it. We already answered it for you. He he he never let me get a word in edgewise. On on the commodity. Never say that about him before. Yeah so let's let's let's do oil and gas prices. I just for fun oils. Call it knocking on seventy right. Now it's been seventy six and sixty six the last couple of two or three months this time last year i thought we would be lucky for oil to be above fifty by year end. Twenty twenty one okay. So what do we have to think we have two things one. Vaccines that changed. A lockdown country lockdown globe.
"pickering" Discussed on Oil and Gas Startups Podcast
"It's pep two point. Oh if you ask me. Can i call it pet pathway. You can call it party. We call it path on part of the incre. Anthony go there you go. we're When when you think about the various pieces of the business you know for me. I moved over from the sell side. Research business in two thousand ten to start our asset management effort particular on the public side. And so you know investing figuring things out with public and private was was sort of my. You know has been an area that i really really enjoyed and and as we spun out in two thousand nineteen. That's the business that came with me. H asset management became he ep asset management. And it's just fun figuring things out you know deploying capital making money so the good news is it's been a tough streak where nobody was making any money so that was a really really brutal stretch from call it twenty thirteen twenty nineteen and now the opportunity set feels better. So it's it's fun. It's fun investing in an area that you know well and hopefully make money from it. So that's that's clearly the area i've chosen to spend most of my time over the past fifteen years. The the new business you know covers a lot of different different areas and i get my fingers in all of them so it's also fun to kind of build things. I'm sure we'll talk about as we go on. So it's being around the patch particularly during periods of change. Nothing more fun nothing more painful professionally and fortunately it feels like we're we're definitely coming out of the painful period. Hopefully okay got her in for at least a year. I got to hear your take on this. Is it before before we go to take okay just before we get too deep into anything. Explain to myself and the other lehman and listen to this what you do as though i was five years old so donnie. The five-year-old let me explain what what i'll explain what we do at our business in what i what i do. Business so Pickering energy partners we are. We are a energy financial services firm. A five year old doesn't necessarily understand what that means but Sixth yeah we've got we've got four. Primary focuses in the business. One is investing in energy company so buying public and private companies hopefully to sell them later at higher price. So we've got an investment business. We have a consulting business where we're helping companies our clients typically in two areas one general kind of strategy and management consulting the other in. Es g where we've got a lot of experience and that's a hot topic these days so we're helping companies figure out those areas we've got a we've got a insights business which is essentially a subscription model around understanding. What's going on in oil and gas so essentially research and Our clients there are institutional investors hedge funds private equity funds and some companies. So they're looking to you for research on the industry as a whole they are. They are looking for our expertise to help understand things. Gotcha and then Then the newest area that we're focused on helping companies raise money and do deals so we call that advisory so investing insulting research and deals go. I already and then. What do you do specifically. Yeah and so I manage a small portfolio private energy investment so sorry publican private energy investments on our investment committee for the private side or run little fund on the public side. And then i've got a dabble in all of the other businesses in terms of trying to help drive business. Use my network in relationships to to help us find new clients. So it's it's fun. Because i'm doing a lot of different things every day. You know i do stuff like this. I do analysis of investments both public and private talked consulting clients. Talk to people about raising money. So it's a. It's it's great. Because i get to talk to a bunch of smart people all the time. Sorry about wasting your time here. But it's you gotta go down to when we started off with the who's better looking. I knew it was all different kinds of no. I mean i would like to say that you know i was gonna say i was really gonna take another big ugly is but i can't do that. Footing queens okay. I'm just gonna stop. I'm literally just gonna stop. I want to go back to actually on the energy side of things. Because i know dan you personally. I've seen kind of your insights and kind of what you think about the industry where is energy and will grow beef pacific worse fossil fuel gonna land with this whole. I don't want to call it. A pandemic of what people are thinking about alternative energy. Because i really think there is something there with alternative energy. I think there could be something great. That can be use of it. But i feel like there's more of a outside of yourself because you're a well rounded individual when it comes to all sorts of energy right. I feel like there is an actual war being waged against fossil fuel versus alternative energy. Whatever the the tesla's world is so what are your thoughts on. That is fossil fuel dead because that kind of segues to the question of you. Oil prices are going to be up. You have it. Sounds like you think that were passed a worst of twenty thirteen to twenty fourteen to twenty eight thousand nine hundred nineteen. Yeah so. I think i think the dynamic in oil and gas verses you call it alternative energy i'm gonna call a decarbonisation so okay you've got you've got folks to call a climate change. You've got the reality here is that you have fossil fuels that are believed to be contributing to climate change. And so how do you fix that. You decarbonised and So i- done several presentations recently. This decarbonisation theme. It is a mega trend that is going to capture trillions of dollars of spending over the next decade. Let's say and it's a. It is a wave that is not going away and it's driven essentially by support from society in general or individuals. You've got corporations like google and amazon. Even chevron and others net zero and then you've got Institutional investors that are clearly pushing for decarbonisation. And finally you've got governments with europe being leading edge of this and now the government that are behind it so decarbonisation is a real deal and that is going to put significant crusher on the fossil fuel business right but i think very importantly i think about net zero by twenty fifty. Which is the big goal that everyone talks about. I describe it as aspirational but not realistic. And so my view here is hydrocarbons. Play.
"pickering" Discussed on Oil and Gas Startups Podcast
"Listen we gonna do it like this. Why didn't company houston city. Young successful entrepreneur. Musk all money is back for another week. you know it's me of ryan reynolds oil and gas and then The trustee co host. Use of chowdhry. What do you. Who do you want to be If you're ryan reynolds in ryan reynolds is one of the most handsome people in the world. You're chris pratt from parks and rec. I'll tell you say. I'll take that so there's a running joke dan. Dan is is looking at us. He's like what the hell are you guys talking about. So there's a running joke. I don't think. Don he's very handsome. And i think i'm extremely handsome. We were going to get to. This layer dom joel embiid because dan is so. He's bewildered right now. What the hell you guys just israel with it. The dan that we're talking to his dan pickering. Thank you for coming on the show. Glad to be here. I noticed that you wear glasses. Assuming you have pretty good vision when you have those on. Yes i do if you had to take a stab at. Who was the most handsome of the to us. I would love to open the show. With that sense. He jumped the gun. You know not gonna be any hurt. There is no. There's no king solomon here. I mean there's no question. Donnie gets the nod why he's wearing shorts and a t-shirt useless. Got a tie and a suit is trying to. I'm always attracted to the to the guy in the shorts crisis dan. You're the second person said it's him. I am going to be on suicide. There's another person close second clawson. I always say he's too. Yeah just a different level. Yeah you know what i'm just going to. I'm going to go in the corner on a job right out of it. That's that's what's going to happen breaking hearts. I'm always breaking. That's you know what i can. Just see the persona that persona. But i mean jump right into a dan i mean Know the famous line. Obviously is that you know tudor pickering whole tea ph. You are the tutor in tudor. Pickering holt is that correct. No i call myself to pickering in tudor pick. Okay okay that makes yes. Okay okay all right. Never my thousand mistake so okay teepee h how does it start. And how did you decide to get in that space. And exactly like because he does a lot. It's not just oil and gas. It is is just oil and gas a. it's insanity energy energy so it's an energy firm and when when that business started it was a it was a sell side research firm called pickering energy partners. So i guess pickering energy partners onepointoh and and it was a sell side research. Business that Happened to start right about the time. The shale boom and so you know rather be lucky than good and so it was a really exciting time in the business of avi tutored retired from a goldman sachs and had been in london. Came back to houston. Wanted to stay in the business sort of had this vision of marrying research and investment banking in in a you know kind of a high quality way and so he. And i had discussions and so tudor pickering was formed in two thousand and seven and maynard. Hold join shortly thereafter and so it became so the i think the view was You know there was room for a boutique. Another boutique if you will in the in the energy space and you know just a great group of partners that happened to be involved in the business at a really exciting time and you know the rest they say is history and and t h is a thriving firm today and although we spun off in two thousand nineteen to perform bickering energy partners two point. Oh if you will Still a great relationship with with t h absolutely absolutely. So i i kind of want to know is that you start your baby right. It's it sounds like it's all three of you. Guys is babies. I mean you start this the sell side company which you guys are in in the thick of it right. You're seeing deals you're seeing you're evaluating deals you're kind of probably doing eight z right. And i'm pretty sure if somebody came to you there's like hey i got ten million dollars i wanna get into energy and i'm assuming that you can go from a to z full throttle. Hey this is where you put your money. This is how you put your money there. And i'm sure you help them. Place the money right. And i'm i'm i guess. Another question is if somebody was like. Hey i wanna get ten million dollars. Could you guys do that as well. So at that point in time the biggest mistake that we made was not becoming an oil and gas company and grabbing. All of this great acreage. When when we were in the middle of helping clients understand the bachan for instance. The eagle bird the permian the early days the gas shale. So there's a lot of points along the way where you see. Guys taken advantage of a great market and making a bunch of money But so the answer is yeah. We would point them or try to help. Help them understand the marketplace Same story need money. We'll help you try and get it. So that was a lot of the shale. Boom was identifying companies in the right spot that needed capital or companies. You know that were already there. You know there was a huge amount of activity as you guys know. For the fast followers the slow followers buying the early movers and so that was bread and butter business for h. for a decade. So i guess the answer is yes. The firm helped people find money Help people deploy capital help people understand where the opportunities or and and it's still doing that today. Obviously awesome awesome. So wh what.
Pet Resorts, Dog Walking Services Bounce Back From COVID-19 Slowdown
"About pet sitters pet sitters are in high to man. These days as people are traveling more and that is just one example of the way the service economy is bouncing back as people start to emerge from their pandemic lockdowns. Tsa checkpoints screening five or six times as many people as they were a year ago. And of course that means more business for airlines for rental cars for hotels and pet sitters. Yeah i thought about that myself recently. When i went home to colorado's you my ninety two year old dad for the first time in over a year ribs anneli stayed behind in washington where i have a very good pet sitter but a gummy thinking about another pet sitter. I know beverly pickering. Beverly lives in hazel park michigan. Just outside of detroit. She has gone from having practically no customers during the pandemic to suddenly having more work than she knows what to do with. I don't know any pet sitter. That isn't overwhelmed right now and smiling about it. It's so exciting to be working again. We confirm that with the national association of professional pet sitters that snaps for short they say businesses looking up after a long dry spell
Calle Jarnkrok powers Predators past Lightning 4-1
"Pickering a stopped thirty eight of thirty nine shots to lead the Nashville predators to a four one road win over the Tampa Bay Lightning Monday afternoon the predators scored every way possible even strength on the power play short handed an empty net Kelly aren't quite figured into all of Nashville's goals finishing the game with four points including the short handed tally Nashville's red hot rookie Ellie told an opened the scoring early in the second roofing a rocket past the lightning's Curtis Michael Haney Renee credited the young guys for the much needed win and felt it came at the right time all the young guys there are people out there W. what won the game but it was stopped it was almost necessary process behind what most read will be sponsoring and it was it was a big win Viktor Arvidsson scored on the power play and Mateusz echoing got the empty netter Steven Stamkos spoiled the shutout for Pickering a scoring midway through the third Walter Marcia Cano Tampa
Amazon Workers’ Union Drive Reaches Far Beyond Alabama
"This hour we are talking about the union drive amongst amazon warehouse employees in bessemer alabama and. Why people in the world of labor and In modern american business are paying very close. Attention to how workers in alabama might vote As it could change a lot given the size of amazon the corporation now amazon is so big that we're kind of also informally launching a series. Hear about all the ways in which amazon is changing all of our lives so focusing on labor here today. if there's an area of life that you think amazon is changing and you'd like us focus on You know hop on to social media. Twitter facebook at on point radio and let us know what you'd like to us to look into or you can also give us a call at six one seven three five three zero six eight three looking for your ideas on areas of life that you want to learn more about that amazon. Might be changing. I'm joined today by steven. Greenhouse he's labor and workplace journalist author of beaten down worked up the past present and future of american labor karen weiss is also with. She's a new york. Times correspondent covering amazon microsoft and the pacific northwest's tech scene. She's with us from seattle. Now karen we heard from michael foster the union organizer there before the break. I wanted to ask you more about the the one of the fundamental things. He talked about which was worker. Dignity pay is one thing but worker dignities another and i think amazon's got a pretty long list of Of incidents if i can call it that where does lead one to questions of how they view or how much they the importance they have of warehouse. Worker dignity right there was they. Fires warehouse workers who spoke out about insufficient safety protocols regarding regarding covert in two thousand and twenty We've heard we've read stories. Maybe you've even written them caring about like response to being used to monitor warehouse workers and all of that. How does amazon see see people. Why think a lot of a lot of this is workforce is so large that it has almost by necessity but also just by the amazon. Ian nature tried to create Systems and rules and technology to manage them. And so when you heard. Michael talk a lot of things. We're talking about rebellious kind of technological. Productivity measurements and tools and operational tool amazon has to manage. Its workforce you know Student brought up a good point earlier about unions aren't necessarily a third voice that's that they've representative workers and i think i was free support the amazon. That's a third voice but same time You know it has ways that it listens to workers now but it's not the same as having the workers voice representatives through a union and so for example. They have boards in voice amazonian brussels onboard. People can complaints or compliments not different things but the way they use that at a global level is they use artificial intelligence and natural language processing to figure out matic patterns in it so they they had to and also broke out of bear amazonian techie. Way have developed these kind of technological relationships with workers which is which is different than how even the walmart's an immense growth. What was fifteen or so years ago when it went through. it's huge. that's a different relationship numb when you the feedback workers get is often from rate ticker essentially on their on screen which is different than being a cashier in a store and bringing people up karen that is so fascinating. The algorithms are absolutely everywhere. Oh my gosh. So here's here's basis in two thousand eighteen in an interview with business insider talking about why he says he's proud. Not only of the wages of amazon pays cause remember two thousand eighteen. There is a minimum of fifteen dollars an hour but also how he says. The company treats its employees in our view. We have we have workers councils and we have very good communications with our employees. We don't believe that we need a union to be an intermediary between us and our employees but of course at the end of the day. It's always employs choice. And that's how it should be steven. What do you think. I'd be surprised to hear that amazon. Actually has workers councils. That's you know. And if they are workers councils than i imagine they might be handpicked by management and with the union the workers pick representatives and under federal law executives are required to sit down and listen to the workers concerns. Yes amazon says that it listens to workers but it's really unclear the degree to which they really listened. I remember years ago. I wrote walmart. Walmart would say for worker has a complaint. We have an open door policy. Come in and complaint show us. And i interviewed many workers who use the open door to file complaints and then they got fired soon after and they said the open door policy is actually the out the door policy. I'm not saying that's the case amazon. But i think you know. Some companies are so much cynical when they say they really listen. I'm sure karen has spoken to amazon. Workers who have heard who have voiced the same complaint. I hear say they feel like they often feel like robots. I interviewed a worker at the best. My warehouse daryl richardson. Who said he's a pickering to three hundred fifteen items our that's five items omitted and he says you feel like a robot and if you fall behind you risk getting fired several workers who said and if we have to go to the bathroom run a few hundred yards and take a few minutes to do that We might fall behind and that and if know and if you've got to go to the bathroom a whole lot in a certain day might end up risk getting fired so they feel that they're not listened to enough and many feel that there's a lack of dignity in the pressure that's put on them every
The Trade That May Have Saved Caris LeVert
"Will care slivers press conference. Last week was also an introduction to his new team and his new city. What did he have to say about. Being a member of the pacers organization a mid western guy grew up in pickering. Ten ohio right outside of columbus went to school. The university of michigan ann arbor. So he's he's used to are fine. Winter weather grey city basketball city. You know like. I said i'm from the mid west so i know that indiana basketball is all about and i'm i'm very blessed to be part. He's not a guy who's terribly concerned about his brand which became the issue with victor oil depot was more concerned with becoming a mogul than he was a great basketball player. So he's excited. It's a perfect situation from a basketball standpoint because he's playing with they good young selfless team. That plays really well together. And i think he's gonna fit in seamlessly. I love the atmosphere here. I love the fans eerily of their basketball. So that's what i'm all about. I just love the game. So i can't wait to be talk to lavalle jordan coach and butler and he was the assistant coach michigan when karras lavar was there and he can't say enough good things about this guy. He's excited. Toby can live in my neighborhood. That's the only thing but Unbelievable human be in indianapolis really love monday. rate in lavalle knows plenty about the pacers knows about their culture and feels very good. La word is gonna fit in beautifully once they get him back on. The floor
IRS: Unemployment compensation is taxable
"Probably won't get your w two's for another couple of weeks. But tax filing season is right around the corner and B she talked to H and R Block's Kathy Pickering about how things might be a little different this year, unemployment stimulus payments and even that side hustle will impact what taxes you owe. And any refund you are owed unemployment income is taxable. And so that may have a little bit of an impact on your tax return. The file is already up and running and I rs dot
"pickering" Discussed on #hottakeoftheday
"You're an earlier you'd hate it. I think you'd better get a premium. And i don't see the premium big enough that satisfies me as as any og shareholder Stranger things have happened. There's there's a message there as well if if that deal were to happen. There'd be a message from yogi from both companies about what the heck's going on and I would question the ability of the culture to survive within an exon acquisition. I to be one of the reasons. You'd wanna do it. If you're excellent. I would agree so two more questions for you. One more question about you. The man talk about your career for those who are listening. Because you know you've lived through so many parts of the cycle and this is this appears to be a permanent change. You know it's not just low prices of low prices. They'll go higher and we'll get back into this window. We've we've sort of played out the shale. We've played the aquarium flip. We've played the euphoria. We've played the balance sheet access to capital. And now we're in a different mode both good and bad. I'm curious how how you think about the ebbs and flows of your career and how you've been able to manage expectations. I thought i'd be able to do this. I started pickering energy partners at this time because of this and then this happened how do you how do you keep focus.
"pickering" Discussed on #hottakeoftheday
"On heartache nation. It is the here for another episode of heartache. That they podcast and today as we've been working on our team of people who disagree with me of which there are many think dan pickering is joining the show and he is going to be making the bull case for. Why energy is about to relive. Its greatest time in history. Dan welcome to the show. How are you man. I david be here. I've obviously followed you a long time. You're you're very well known in energy circles. And let's let's start with. Why is energy ripping the way that it has post vaccine announcement on. I guess november ninth chur post maxine. Post-election both of those things i think matter and were ripping because you have the combination of a group that's massively sold off so worst performing group in the snp can years five years three years one year And so it's been a terrible group. It's it's sits squarely in add value category. I think post vaccine post-election you had this value rotation that's happening where you're selling momentum in buying value in and you know vaccines good for demand and people are getting some hope. I think i think it's hooked in the middle of twenty one twenty two time period but when stocks are down seventy five percent. It's easy for them to bounce twenty-five percent and that's what we've done now when you think about the hope i always say hope is not a plan and you know it's interesting feeding into two thousand twenty. There were cracks in the economy. Now the president would not have liked anyone to have said. There were cracks in economy. But we we were going into. We were at all time highs in january february overall for the market. And we've done nothing constructive other than pump stimulus into the economy and yet we're now at new all-time highs and we're having investment banks coming out saying you know. Snp four thousand p forty six hundred. Us dollar down by twenty percents and so in the main market valuation has really been absolutely irrelevant. I think we look at tesla up another six percent today to five hundred thirty a share. How do you think about value in the context of the backdrop of these valuations..
Marcus Garvey: Leader of a Revolutionary Global Movement
"Over one hundred years ago. The Black Nationalist Movement in America reached an unprecedented level of popularity because of the efforts of the charismatic leader of the Universal Negro Improvement Association. Marcus Garvey. Born in Jamaica Garvey grew up in poverty. He came to understand race relations through the lens of British colonialism throughout the Caribbean and Latin America. As his thinking matured. He began to formulate a revolutionary social. Movement. In, nineteen fourteen he founded the Universal Negro Improvement Association. Dedicated to uniting all the black people throughout the world. Two years later. He emigrated to the United. States. For his powerful message quickly gained traction. We walk you'd believe. This country we weren't ever get to work for walk up. By building. On the Great President of Africa for the public of pickering our industrial cocoa educational. At what it could go configure me arrives in an error where blacks are still being lynched regularly in the south around the same time that movies like birth of the nation are showing extra ordinarily racist depictions of African Americans as monsters. You have really charismatic dynamic individual and he's talking about look all places never going to be here in the states is never going to be in. Europe it's going to be in Africa we need to reclaim Africa. So Garvey is going to be preaching a philosophy of black pride. He's GonNa come up with a scheme to repatriate to Africa and he provides a huge sense of hope for millions of African Americans. A centerpiece of Garvey's program was the creation of the black star line a steamship. LAUNCHED TO TRANSPORT AFRICAN AMERICANS WHO WISHED TO EMIGRATE TO AFRICAN? The Black Star Line. Is this idea that Garvey can buy ships through the support of local African American people sending in money? So you can have a share in the Black Star Line. Any ships were GONNA take thousands of people back to Africa to the colony that Garvey was gonNA. Stab wish. But his advocacy for black Americans to move back to Africa drew the attention of the United States government and especially J Hoover's Federal Bureau of Investigation. Which Monitored Garvey's movement seeking grounds for his arrest and deportation. Garvey was growing too powerful Jagger Hoover is going hired their first. Negro. To Subvert Marcus Garvey and eventually they're going to say that he's been committing mail fraud with the Black Star Line Scheme. He's eventually tried arrested placed in jail nineteen, twenty five. He's deported in nineteen twenty seven and he's never allowed to return to the United States, he dies in London in Nineteen. Forty. Garvey's legacy as the father of the modern back to Africa movement cannot be underestimated. He created the largest popular political movement in the history of black America and would be an inspiration both to the anti colonial movement and black nationalist leaders throughout the remainder of the century.
"pickering" Discussed on Learn English with Cullen's podcast by EATT magazine
"Pablo. made his way to Mr Pickering's book shop. where he usually worked on Saturdays. The bookshop was now closed as Mr Pickering took his some of the -cation at this time. But Mr Pickering? Head Saint Pablo a text. Saying. He had lived something at the bookshop for him to pick up. He hoped that cleaner was still there. What was it Pablo wanted. Pablo knew there was also a news agency near the store. That would be open. So he wanted to buy some more colored pencils of tip pins. To practice somew- English words or write. A short story in. English. He liked to write English in his large scrapbook and the different colors. Helped to see and somehow. undestand the woods better? This to Pablo? was a faster way to help him catch. A new would. He was trying to learn. The new woods seemed to leap. Off the, page in some way. In a different color. This was a trick. And Old English language teacher. Had taught him. Back in his home country. When he was very young. Mr. Anderson. His English teacher. Sade Pablo was a very creative thinking and writing the woods out by hand. In different colors. COULD HELP PABLO learn faster. Instead of always using the computer. But. I don't have a computer. Pablo had told Mr Anderson. Than Hey. No Problem Nan. MISSTEP and in a funny voice. You don't have to worry about a then. And he both laughed. This was the first time. Pablo had heard and understood a joke in English. Pablo sort missed that and decision was very creative. And always had great ideas to help Pablo learn. But Pablo. Was Not sure all those years ago. How He was creative. He could not draw. When he was younger. Pablo you. He wanted to be a creative thinker like Mr Anderson. But he was not sure. How.
"pickering" Discussed on TalkRadio 630 KHOW
"Come on, intermittently when you're driving when you're stopped by ticket into paint creams, and they had it for a week, and they asked for hours and hours. Pickering's is if you took it to Pickering's. That's a really good shop. I know. And I thought so it I still think it is they just get in the problems and they they they treated me very well. I'm very happy with them. And they find said We cannot fix it. And we don't know what to tell you. Now. You're not having any other symptoms. You're only having the light itself, but nothing else is going screwy. When the light comes on, it puts it in the limo. Oh, Lakewood. Okay, I'm gonna tell you Lakewood Auto electrics. That those guys they if it's anything to do with electrical, they'll find it. Lakewood Auto Electrics Bryant over there, not Bryant Bryant. In fact, we could give him a call. You know why? Because he may have heard of this already. Um and and he may say, You know what? They have a problem with this or that? Hold on. We'll see. We can sneak calling today is car day. It should be. And, uh, I'm hoping we can get Bryant on. Maybe not. You know, Friday's used to be card, eh? I want to go back to that if we can keep having people on because it's an important aspect of the show. Now, Patricia said. She was assaulted by going to the mailbox, man. This sounds terrible. What's going on? And and by the way, Death speaking of? I don't know why this came up. But Ah, what happened? Did you get that call into about that unemployment thing we're waiting on. I sent a message to him. Okay. Good. The question was people. If you're afraid to go to work would that qualify you for unemployment? I would say Probably not. But what if you're high risk? And you're afraid to go to work. Ah, we're talking about that coming up. OK, so go ahead and tell us what happened. Patricia, this sounds terrible. Yes, Mr Martineau. Because the Corbett virus my husband and I retired, have been inside all time and directly go to the mailbox. When I went to the mailbox. There was a Tillman following me with unleashed the dogs for getting near my piece. I was afraid of being bit and pushed dog aside. So I could continue to the mailbox. He became enraged, loaded the mouth who became enraged the dog or the owner. Note. The owner The owner raving at the mouth. He was actually honest, God foamy at the mouth. So the owner of the owner of the dog was mad. He probably be is going to tell us that you kicked your dog, right? Yeah. I mean, you kicked his dog beside if he wants to use that terminology know you're pretty brave. By the way, you're pretty brave. When you say pushed him aside. How did you do it? Yeah. What did you do it with your hip? With your hip with your name with the end of your foot. How Ah, foot ankle. Wait, wait. Okay. So what can't you wait a minute? What kind of dog is this? Is this one of those little taco dogs? What is wild? It's a farm, Saul. But you have to understand we're seeing we heard That club. Maybe carrier.
Ep. 55 Test burst 1 Vanessa
"Wants to break down those unnecessary hierarchies and say look we need this in order to become a sustainable society because education is one of the biggest pillars of society, and if our education is unsustainable and it's more of an education factory designed to make us pass exams than to actually create good sustainable global citizens and critical thinkers. Then what is it achieving? Welcome to restart. I'm Dave Pickering and I make an month from podcast for the. The restart project is a London based charity and social enterprise whose mission is to SPA reflection and change in our relationship with catches. School. May Be out for the summer and possibly for even longer. But students around the country continuing to work towards reforming the education system. Teach Future. An organization founded just last October demanding a total curriculum over whole to make the climate emergency and urgent and compulsory issue taught in our schools. Jew Daniel Smith is a youth campaign awards next for the teach the future campaign. In this month's episode of the Restart Project pocos he explains to us the aims of this new movement and why these aims are. So fundamentally important for any long-term progress to be made
"pickering" Discussed on Unreserved Wine Talk
"Must chat again. Will there you have it? I hope you enjoyed this chat with Dr Gary Pickering. Here my takeaways number. One Garry puts a much deserved spotlight on the mouth feel and texture of wine attributes. We often overlook as we're so focused on aromas and flavors number two. I'm fascinated with his examples of different textures from the luscious viscous feeling of ice wine to the snap crackle pop of bubbly to the rich round. -Ness of wine that's been aged on its lease the expire D cells number three. Gary also helped me clarify the textural differences between wines that feel like silk with the least resistance on our palate then satin than velvet all are smooth but different kinds of smooth number four and so glad he clarified. That Tannin is a feeling not a taste. It's the mouth drying sensation of stringency like eating walnuts. So let's get rid of mixed metaphors like dusty or Ripe Tannin's keys and finally number five Gary points out that women are twice as likely to be super tasters and apply more accurate and precise labels to wine given our left brain leaning toward the verbal. Thank you gary. If you like this episode please tell a friend about it especially one who's interested in the fascinating wine tips that Gary shared you'll find links to his super tasting kit mouth feel wheel research paper the wine we tasted a list of Ontario wineries that are delivering direct to home. Right now a full transcript of our conversation..
"pickering" Discussed on Unreserved Wine Talk
"Wheel desert mafia wheel or would there not be that much differentiation. Or is there room for those wheels to be thinking that there's more room for that? I think the key is set. The research and sciences done behind as easy to with a bunch of descriptors in the cold. Would've you wish but the head validates science behind us think is key sparking wines interest to one in the white wine male will there is a component assigment if you wish of the wheel that has did a kite the to stopping wine. I still think there's more room. Komo fully describe some of these wonderful nuances of sensation. Trying Schimdt Hainan. Other toxic bubbles. It is such a textural experience. Michael Gorba- daughter-in-law deems herself super taster. She deems herself. She is not enamored of bubbly. I feel sad that this happens for special occasions situations. It's often hard to please. Everyone and therefore pairing with food any best answers Dr g to do a work around that something were singer the research that at least in the US with US consumers that super taste as I mentioned before they tend to prefer sweeter stalls dimension is that they give Loa liking rankings to bubbles spot ping wine red wine and dry white wine one of the possible reasons folded as bubbles for you and I might be seen as pleasant the CO two carbon dioxide gives doubles as an irritant General Irritant and that goes from nine sensation through the pain. And so it's conceivable that super taste is are actually experiencing the irritation of COUPLA oxide. Much more intensely comes unpleasant so that observation you as doldrums Say No all to do about. I Don Serving up double syllable. Woma as the bubbles. I'm not retained an solutions long. When the when the wind suit woman that might make lists or her as one hundred one wine styles onsite try moves sideways in the supplement. She enjoys drinking. And let's all celebrate del Diversity in terms of the winds that we liked absolutely maybe a frizz onto something less sparkly less aggressive bubbles. If you will the trigem it'll what you just said. My Dentists said I have tried. Jemele nerves like extra nerves so that lucky me when I get a feeling. I have to get extra freezing. Is that related to nerves trigeminal? Apparently yes I've been blessed with all the extras absolutely sensible. Try Juvenile News one nine news. That appears throughout vice and L. O. Cavity and the nerve endings from that diplomats are the things that respond to with doubles with irritation of alcohol with hating called. And so on site you'll be accursed with greatest sensitivity to the that Super Tester. I should just shut down this show right now and just drink milk or something. Oh my gosh okay cool. Peter Nielsen comment on taste memory. I was spoiled many years ago. Went around age twenty two. I was lucky enough to share bottle of nineteen sixty one moosonee from Burgundy. It was without any question whatsoever the most delicious memorable wine of my life. Unfortunately it's out of my price range. I remember it. It was exquisite. If I can remember it like it was yesterday. Is this memory real or imagined while some interesting questions? Not sure if that's within your scope but any comments on that Gary on the way to go with it other than to decide it often. We do him lasting memories when we can attach experiences with emotion and so if there was a lot of lotion being invoked at the time the view tried that wind been at tends to mean that memory is more embiid also has mobile APP means more as a lot could be recalled later in life so I think we wish we'd look experiences like that. Exactly that's a good wrap up phrase so really great discussion Gary. Is there anything that we didn't cover that you specifically like to mention before we wrap up things on Italy enjoyed this and I'm very happy off? Come back some of the would love it because your scope is much broader than even. I was just looking at research like you. Just know a lot of stuff but law stuff to quit IT IN NON-ACADEMIC TERMS. Where can people find you online? We've talked about where they can get the super district. We're GONNA make sure we post that. But where can they find you and for your research or any other websites you want to mention your social media channels whatever you like just the fundamentals are interested in the research just to Google Gary Pickering at Brock University. It'll be careful of heavy check further with them. That's Great Gary. Thank you for spending your. I mean it was just fascinating again. I haven't got to the other fifty two questions but this is a great Chad. I really sincerely appreciate you taking the time with us. Thanks now the US. Well say cheers for now and we must chat again. Will there you have it? I hope you enjoyed this chat with Dr Gary Pickering..
Ontario Warned of a Nuclear ‘Emergency,’ Then Said Never Mind
"News people throughout the Canadian province of Ontario woke up to an alarming a large of an incident at a nearby nuclear plant only to learn later it was a mistake the emergency message popped up on cellphones screens throughout the province of fourteen in million people today it said an unspecified incident had occurred at the Pickering nuclear generating station and it added the old there'd been no abnormal release of radio activity some people plan to evacuate but more than an hour later Ontario power generation sent a message saying the alert was sent in error and there was no
"pickering" Discussed on Oil and Gas Startups Podcast
"I mean it's just not as much fun to be laying off people in slowing down And so I think it encourages encourages consolidation. So you know Chevron on tried to buy Anadarko oxy came in so that was the first sort of big fight that we saw for specific assets. I don't know if we're going to see a lot of fighting. I think we may just see. He said you'll hasn't turned out too well for oxygen the markets since it happened so I don't think anyone's GonNa fight to that extent. I think they they paid-up and added a lot of debt to get there and this is not a tape that folks like that and so for all intents and purposes the the downturn better not get worse because they levered up right into that if that's what occurs. If things turned around and rallied a bunch. They look great biting imprinting. Yeah Yeah So. So what are you saying in the private markets. You know what I've been hearing from some of the Private Equity Funds and other people in the spaces that you have this issue. She were the private equity funds themselves if they still have capital to deploy you know. They're they're reserved about deploying that capital and to upstream assets but it's not just them knowledge there. LP's and the institutional funds that are LP's into the private Equity Funds and we're hearing a lot of things about es g being a big factor and that some of these you have two two reasons why institutional funds aren't investing in willing gas either. They've just got screwed over the last ten years. And they're not interested or ed to much social or political pressure not to invest in oiling. Guests is that consistent with what you're seeing the private side or have you. Have you heard anything. Yeah Yeah I think. That's I think that's a very good characterization of where things are. I think you have two things happening from a cyclical perspective. You've got folks that piled then to the shale boom now a little bit stuck because companies aren't selling and so the private equity firms can't return a lot of capital so investors are sitting. They're saying wait. A second doesn't feel like my investments doing that well and I'm not even give getting any distribution so I think they're frustrated with the what kind of traditional p. e. capital velocity cycle. So you have that happening. Es Gee I think it's definitely more of a focus across the market picket Energies no different than that. The ES G. Issues in my mind. You've got I mean you've got good corporate citizens here particularly amongst some of the larger companies companies but the reality is ESPN's a bit of a crutch for folks who are tired of losing money or frustrated with not getting money back. So I think fit that you have a a crowd of institutional investors that truly do have philosophical reasons for not one invest anymore. And they're going to go away and never come back. Then you have a bunch of folks who are saying Gosh. I'm really not making any money here. And this feels the. Es g stuff doesn't feel great for energy and so I'm just gonNA leave it alone for a while. I think that returns will pull a bunch of folks back when they start happening opening and so you know when their momentum returns to this group when the cycle improve I think you'll see capital flow back but they're going to have to be convinced you you know I ran the the value investor is gone. And so you're going to have to see things notably improve. Some folks will stay away forever. A bunch of other folks public and private will come back when the returns look better an interesting so before we wrap up this podcast. Let's talk a little bit about your strategy gene. How you guys are playing capital or partnering up with companies just so if anyone's listening you know and they they need to talk to you they know where you're coming from so you look at to deal with like Henry Resources and you guys created this J. V. so how does that come about it? I mean is this just you guys by on working interest or are you actually getting involved a little bit deeper. I don't know how much you can talk about that deal but just any deal in general how are you guys looking to get directly. Invested into production assets right so as we were looking at transactions kind of across the country. What we're seeing is that producing assets really started to get cheaper traditionally a producing using asset we'll transact at PD tin tin kind of a ten percent? Discount rate on the future cash flows and that that number is crept up more to PD fifteen. So all of a sudden I I can buy that asset and make a fifteen percent annualized return and that starts to look quite attractive as we were seeing that occur around the country. Our friends at Henry Resources have been a longtime partner of ours. They've been investors with us. We've looked at deals together. They were interested in the same thing. They're focuses the Permian Hermione and so we said why wouldn't we want to do this in the permian lowest cost basin very fragmented lots of players out there a lot of trapped capital capital with private equity a lot of consolidation happening. And so we said let's do something together. We wanted to be a little bit different. We want to operate the assets so you can control them. And so what we've said is we want to own. We want to own producing assets that we can operate so we'll buy them from. The current owner will operate rate. Them hopefully operate them. Efficiently will hedge that production so we can lock in cash flows and returns. And when you kind of think about that model title. It doesn't require a corporate sale down the road we can just monetize over a period of time and those cash flows we can give back to our investors so back to this whole yield demand the end for yield so we can create a yield vehicle in a low cost basin with longtime partner of ours that can operate an asset. So that feels that feels like a great great risk return. And so we've we've been looking at these assets for last three or four months really just kind of hung out shingle and expect to do a lot more here over the next twenty four months. You mentioned the yield a lot. Do you think that most deals that are going to be structured more like yields as opposed to waiting for for an exit. Like you mentioned where. Everything's everything's kind of writing on. Hey will flip these assets and three six years for us in this particular strategy. That's that's the way we've said we're GONNA do it if we can sell them earlier. Fantastic foil goes to eighty and everybody piles back in. Great will sell them in. Return the capital quicker but right now it feels real good to be able to sort of have an annual cash number that you can can turn around and give back to your investors so slough it. It feels like that fits better with today's market and that back management team by some assets and wait self accompanied eh harder to depend on the quantity on an exit right now right. That's right so one last question before we can wrap up. What do you think is the next frontier in oil and gas? We've seen the Permian. Make the great resurgence through the shale. Boom now we've seen just I guess the the very very expensive CA- capital or lack of capital in the space. You think it's going to be a shell chill two point. Oh do you think is going to be possibly a restructuring of the capital structure unwilling. gase think it's going to be a new base in what are you. What do you think's next? I don't I think it's going to be an explosion of new shale opportunities. I think the industry spent a lot of money and things from here on the new base inside are going to be incremental until not exponential. There's a lot of focus on technology and big data and things like that. I think those are our Nishi. I don't think they're I think they're small compared to the size of the overall business. You know the this is a little bit self serving but you know. I think that the the next frontier is going to be the realization that you know this is a cyclical business. It's had its downs. It's going to have you know it's ups- against I think it's GonNa be a realization that that you know the investors have shied away will actually will come back and so I think it's going to be more. The same will be sort of the new thing over the next three or four or five years. If you look out further than that think what's going to be fascinating is there is going to come a point where demand does finally plateau and when it does the industries can be very afraid to spend money but demand is still going to be high uh-huh so demand is not going to go from one hundred ten million barrels a day to fifty million barrels. A day overnight. There's a decline curve in these assets and folks aren't going to spend and and we may see production fall faster than demand and you may have higher prices when you have lower demand that's just gonNa Kinda turn people on their head so that's going to be a really interesting thing Down the road. The last the last thing I would say is that what people assumed is the next frontier has has been you know electric cars and changes in in kind of the power grid and it feels like we really got to very carefully watch things like battery technology and adoption of electric cars right now. Everybody assumes we're going to be you know everybody's going to be an in a driverless uber two two or three years from now probably two or three decades from now and so I've gotTa Watch this new technology adoption. Otherwise you know I think the the ES G push is going to really be head to head with with the need to continue to get from place to place in emerging economies and demand etcetera so Watching watching some of these new technologies is is sort of what I focus on to make sure that the game isn't changing overnight as opposed to over over the next two or three decades absolutely those are all great points especially talking about just the the demand curve of oil and gas you know even if we grow if if we stop talk about this a lot but even if we stop growing year over year and demand they're still demand there right. I mean it levels off. It's not growing but they're still demand so be interesting. According to see what happens that with the combination of new technologies he has.
"pickering" Discussed on Oil and Gas Startups Podcast
"And so it was a natural kinda mix so we were introduced. I'd met Maynard through mutual friends as well and so bobby and I got together. We actually met for the first time in December sex and how to deal done by February of Oh seven so it made sense it made sense. I think we both dated enough. That enough of the people that we we knew a good match when we saw it and then maynard joined about six months later. So we we've been fortunate portion of the No maynard over the last year and he mentioned something about t. p. h. starting off as a newsletter. That you guys built investment bank off the back of. Yeah so this actually kind of goes along with a question that I was wanting to ask so pickering energy partners you were working sell side analysis. What does that actually? What does that actually mean you know? Is that an investment on banking itself or is that just like consulting service. Can you explain that process a little bit more to us. Sure so sell side research what you do is you analyze companies and the energy macro and you try to put it all together and figure out if he thinks stocks are buys sells or holds. And so then you sell that research search to investors so what we did it at pickering energy back in two thousand and four was we were. We were creating this research and traditionally if you went back twenty five years ago everybody you wrote research reports you type them out. And then you mailed them to your clients and and then it went from mailing to faxing and then it went to emailing your clients well traditional research ten years ago or in back in two thousand and four would have been two to ten pages a bunch of which was boilerplate and it would be in mini cases pretty generic because folks are afraid of making a company mad. You know we don't like what this company is doing. Are we love what this company's doing but we're not as excited about what another company's doing so a lot of times very generic what we did with this newsletter we created what was called the morning note and and we went to a research format that was essentially very short concise opinionated we call them blurbs small snippets where we basically said this is good. Here's why this is the fact you need to know. And we put those together every day and so we might send out Tin Tin Bots in a given morning note but the key point was our clients could re does in a very short period of time. No what we thought and then follow up with us if they wanted to know more and so that was very unique in different and we were decent and good researchers and we had this new new delivery method and it really caught on because this was just as people were starting to get bombarded with all sorts of information too much information so make it easier for them to consume and so much like if you guys look at axios today right brevity but good content. That was that was that morning. I note that we did and both in the industry and with our investing clients it really got good traction. And so what it does is an advertisement in every day for your company or your brand and saw maynard in Bobbie used that sort of brand to help grow their investment banking business very interesting. It's kind of reminds me of like you know. Have you ever read the morning brew so new newsletter. For for millennials and very much. They kind of took this newsletter and broke news down in blurbs worships very easy to digest each one's like some of them were like just pictures or like little few stats and then it's like less than three sentences on a topic and they'll use gifts and means and all types of new media and it sounds like essentially. That's what you guys did was just create this this new format of delivering information that could easily digested and then dive deep into it if they want more information the key. Is You know if you if you think back to high school. It's harder to write one paragraph. That people understand what you're saying as opposed to write a page you can you. You can just have you know. Go on and on and on and eventually you'll get all the information in there but it so it's there's an art to convincing things to what's important you really have to understand your material and so it's what I always said is it's it's harder to write less than more and ah you've gotta know it all or be very deep to be able to do that and so it also gave us an ability if you will. It's a little bit of a teaser. Hey here's here's our short thought on this. If you want more information than you're going to have to interact with us and so that titans that relationship with the client that was probably the world's first lead magnet in oil and gas. That'd be a modern if you've heard the term before but that's the marketing term that everybody uses I mean that's the format that everybody falls for any kind of service you could possibly think of. Give the condensed version of it. Yeah so no talking about the market a little bit you guys right now have a heavy focus on production assets and and seen like I saw online. You guys did a five hundred million dollar. JV With Henry Resources. We talk a little bit about that but before we get into that it seems like production has a lot of people's focus right now and you see these securitisation of assets like Risa Energy and Guggenheim yet another one thank diversified oil and gas just did one as well. What's your opinion on the securitization of PDP assets? Do you think that's a viable business model or do you think that. That's just kind of a fad. I think it's emblematic of where people are focused again. Capital starvation so the companies are trying to figure out how to raise the cheapest capital possible passable capital intensive business and in what Wall Street and lawyers are always good at figuring out. Okay how can we you do that. What markets can we tap so yield right now? I think is is definitely an area where you can find interest and so the race. The deal to me made a lot of sense. Because you're essentially taking a slice of production that feels pretty safe turning it into yield vehicle. You're not giving up if you're the company you're not giving up control the asset and you got some money in your pocket and so I think that when you see innovative ways to raise capital you'll probably probably see more of those I guess and the more demand you have for yield vehicles the more. You'll see things like that I think so. I think it's growing from the investors perspective pushes hard to find yield in today's market right now so if you can essentially create. PDP Acids to where it looks like a bond type structure. That's attractive like you said from the producer side if we can carve out a little slice of production but control the rest of our asset had the upside of it. No that makes a lot of sense for both sides and I don't I don't know the specific differences between what they did and VP's and things like that but you know these instruments have been around for a while it just you know. I think it's probably a smarter nuance that folks are doing and again if you can get if you can get low cost to capital in by the way low cost cap of those things. Can you know we're looking at things. Yield twelve to fifteen any percent and that is much cheaper than you know what the equity markets would charge today for instance. And so. It's good it's kind of a win win. You've got investors who are really happy with a double digit yield when when bonds are yielding negative in Europe. And you know it's one percent something in the US so you know you're trying to find ways where you can you can find that demand and deliver it in a way that that is sort allows you to keep control. Or is it a consumable for that for that client And so if you look at the public markets especially your small-cap you know sub five billion dollar market CAP companies. I mean there's a chart going around the ships known nasty fifty if you look at these companies in terms of destruction of their market cap. What do you see happening in the public market over the next two years? Do you think we're GONNA see a lot of consolidation. I know. Obviously we're starting to see a future lessons here and there you guys have a focus on working with public companies as well as private. Where do you see the most opportunity visit within be smaller? Companies have distrust balance sheets. Or do you think it's in the private market great question. It all comes down to risk tolerance so the smaller recap companies that are struggling today. Fair number of them have a reasonable amount of debt. That's due in twenty twenty one twenty twenty two the markets very area. Afraid that that that's going to be super expensive or they're not going to be able to roll it and so that that creates people are selling that today for fear of what's GonNa happening another eighteen to twenty four months so you know if the world winds up being okay okay. Meaning oil stays in the fifties. You know natural gas as in the twos then then. I think probably people are too scared today. So you've got a number of companies that trade it three times uh-huh cashflow four times cash flow you know. I'm invested in several companies that are trading at basically their book value hard book value. And so oh look at that and that feels like that feels like a really interesting opportunity. I think the the fact that you can buy cheap stuff like that. That's liquid is really interesting but it's volatile hell so you know. I think the returns they're going to be quite good. But you know you might have it down five percent or eight percent percent or ten percent month and you know if that's too tough to stomach for some investors then on the private market side. You've got similar opportunities. Br -tunities in terms of assets in relatively cheap assets without the liquidity liquidity should carry a premium but given the volatility. Witty in some cases. You're seeing people say I'm scared of getting marked every day. I'll put the money to work on the private side in weight so publics to me feel. It's where I've been for twenty five years. I have an affinity for it. If you can take the chop I think the liquidity looks real attractive. Interesting as really you know. I don't think a lot of people realize this. You know if you're not involved in finance and energy specifically I don't think a lot of people realize even the people that earn day to day operations but you always hear everyone talk about the majors and that the majors are GonNa come save the day you know the majors these big land positions out in the Permian. The Yada Yada but when you look at it you know. Thirty percent of your rig activity is managed by private companies. Another thirty percent is managed by yourself five five billion dollar market CAP public companies. And then you know you probably have. I don't know ten fifteen percent you know in your mid sized to large independent companies that have read count. But it's five or six percent from the majors. The majors aren't very active. And so you almost have this this just this little this little foundation and and then you have you know you. Just go up this big tower and you have all that actively opened the private backed companies in the small public companies and seems like there's too many any operators at this time. You know you have. I don't even know how many operators you have five hundred in the really should be maybe twenty or so and so it seems names that it makes sense and then you know you started seeing the oxy Anadarko deal and said maybe this is GonNa kick off them in a snowball and do you think that that's going to happen do you. You think the you'll you'll start seeing a lot of these companies get rolled up or you know is it just GonNa everyone kind of sit back and play sail. Plays out the reason we have. So many companies is that when shale became an opportunity it was a big opportunity. I mentioned earlier it it turned out to even bigger than people thought but because it was a big opportunity opportunity you wanted to chase it as hard and as fast as you could. And so that made a lot of sense for a land rush for a bunch of different companies to go out take small relatively small chunks of capital and go out and grab the opportunity and start investigating it and so we saw the industry really fragment challenges now we pretty much understand what the opportunity is. And now it's about. How do you explain that opportunity most efficiently? So Oh it's moved from a capture game to an exploitation game and the people that are good at grabbing assets may not be as good as at exploiting them mm-hmm and so that makes a lot of sense to start seeing fewer companies. And you need those economies of scale. You don't need as many land people as you did five years ago. You don't need as many folks on the administrative side to sort of manage this process. So we've been seeing one. Two deals a month from the public companies getting together. And I think that again as this downturn stretches and it's not terrible downturn. It's just kind of a long tough downturn but as it stretches you know people get worn out in when capital gets tougher..
"pickering" Discussed on Oil and Gas Startups Podcast
"This is the oil and gas startups. podcast where we showcase emerging technology in the stories of industry founders investors in leaders with your host Jay Corley and Colin Macleod..
Heres to Your New Holiday Drink: Brussels Sprouts-Flavored Gin
"This episode of Business Wars daily is brought to you by sent pro online from pitney bowes shipping and mailing from your desk is never been simpler than with sent pro online from Pitney new bose. Try It free for thirty days and get a free ten pound scale when you visit. PBA DOT com slash B W daily the UH from wondering I'm David Brown and this is business wars daily on this Friday September twenty seven just. When do you think the Innovation Gurus must be running out of ideas and other one comes along. That's enough to make you shake your head and wonder who approve this. Such is the case with a new line of flavored spirits from the folks at Pickering's Gin in Edinburgh. The craziest of these new drinks will make you either head right to the liquor store or or hold your nose. Brussels sprouts flavored Jen. Yep you heard me right. Pickering's has made a gin based on what am I favored veggies. The Brussels flavored Jin is for the holiday season and we'll be sold in six packs of clear Christmas ornaments. According to the industry publication food dive each ornament it will hold about a shot of gin once you down it. You can hang that ornament on your tree or not pickering's was appropriately self deprecating almost almost sheepish in this statement released about the new spirit we know it sounds bonkers they said but the humbled sprout delivers a pleasantly sweet slightly. Nettie Jen Perfect for mixing they posted on their website but if the idea of mixing gin with the trendiest of cruciferous veggies just isn't your cup of tea well pickering's knows that to they'll also offer jenn spiked with cranberry spiced pear and cinnamon and plumbing ginger all in ornaments of course beyond the fact that the weirdness was enough to catch the eye of many editors face it we laughed what's up all the concept is part of a trend by Jean makers just to add plant-based flavors to their concoctions in an effort to persuade non gin drinkers that the juniper spirit is worth their while and you know it's. Working Fortune magazine reports that worldwide Jin sales rose eight percent from twenty seventeen to last year as people sipped on varieties tinted with rose citrus citrus grapefruit even rhubarb and Basil Not Kidding inspiring these editions the intensely crowded Jin Space. It's hard to stand out when the number of finalists in the best Scottish Jen competition numbers more than sixty companies in almost one hundred twenty Jin's and that doesn't even take into account count Jen's from around the world including the old British giant beefeater that company alone sold almost three million cases of Jin last year so so how does a start up break through the noise with attention getting innovations if you're marcus pickering and Mat Gamel two friends who launched pickering's things in a former dog Kennel and twenty thirteen and followed up by refurbishing an old fire engine to dispense cocktails through its hoses of course they did but Brussel Al- sprouts Brussels sprouts according to one survey by Catcher brand hinds. We don't know why they are the single most hated vegetable in America but pickering's is Scottish. You say while their neighboring Brits put the sprouts at the top of their most detested list to now he was truly yeah. I loved them roasted. Maybe with some garlic in balsamic vinegar or Bacon for the last few years. They've been huge on restaurant menus. That's apparently because like pickering's brings. Restaurateurs also get that yes. There are a lot of haters out there but the people who love Brussel sprouts are passionate about these little tiny cabbages this Christmas Christmas pickering's will discover who loves who hates and how many of these Christmas ornaments they'll be able to in low cell. It's from Wendy. This is business Wednesday. This week's episodes were written edited and produced by Lane Appleton edited and produced by Emma Portland. Our executive producer is Marshall gained by or not Lopez for wondering I'm David Brown and we'll see you next week. This episode is brought to you by Centro online from Pitney Bowes Shipping and mailing from your desk has never been simpler than with sent pro online from pitney bowes with with simple online is just click sand and save for as low as four dollars ninety nine cents. That's right four dollars and ninety nine cents a month. Send envelopes flats and packages right from your. Pc and you are back to business in no time. Try It for free for thirty days and get a free ten pound scale but only only when you visit P B dot com slash B._w. Daily that's P._B. Dot Com slash B W daily.
STEMinists: Annie Jump Cannon
"Stars changing the way we see the universe around us catalogue included two hundred and thirty thousand stars meet annie jump cannon any jump cannon was was born in eighteen sixty three she grew up in dover delaware where her father was a shipbuilder and a state senator she had four older step siblings and two brothers as a child and his mother had been fascinated with the night sky and she passed out of stargazing to anne anyone to school at the wilmington conference academy adamy. She was an excellent student and was particularly adept at math in eighteen eighty. She was sent to top colleges for women at the time wellesley college in massachusetts. She majored in physics. Anne didn't do well in the cold. New england climate she fell ill with repeated infections and came down the scarlet fever causing her to go almost completely deaf still she graduated in eighteen eighty four and then returned home where life was pretty boring. She found the career options for women at the time on interesting and she was older and more educated than most of her unmarried peers annie's hearing loss also made it difficult socialize so anne found a hobby photography in eighteen ninety two. She travelled through europe and took pictures of the blair box camera pawn her return. Her photos and writings from spain were published in a pamphlet by the camera company. The pamphlet entitled in the footsteps of columbus was was distributed at the chicago world columbian exposition in eighteen ninety three in eighteen ninety. Four annie's mother passed away any then wrote to one of her a former professors at wellesley to seek employment. Her professor hired her as an assistant giving anti access graduate classes in physics and astronomy the the professor she was working for also introduced anne to spectroscopy spectroscopy is the study of how matter interacts with electromagnetic radiation and is used in many scientific fields today it particularly helps astronomers understand what materials cosmic bodies are made of and how a particular body is moving. Anne was hooked on the stars. She enrolled at radcliffe college. The women's college connected with harvard for access to a higher quality telescope hope in eighteen ninety six and he was hired as an assistant by the famous director of the harvard observatory edward c pickering pickering occurring hired a group of women to map and categorize every star in the sky of a certain photographic magnitude the people involved in this massive endeavor had different ideas ideas for how to best tackle the sorting of stars ranging from extremely complicated to quite simplistic. Annie's plan fell somewhere in the middle. She devised a scheme mm to measure the stars and classify them by temperature. It's difficult to overstate the importance of this classification system as it was the first attempt at creating any kind of comprehensive catalogue of the night sky. It was like the dewey decimal system for stars despite the fact that any other women working at the harvard observatory tori. We're doing groundbreaking work. They were only paid twenty five cents an hour him. That's less than what the secretaries at the university earned at the time nevertheless last any continued her scientific work for more than forty years she published additional star catalogues discovered three hundred variable stars yourself in one thousand nine hundred eighty one she won the henry draper medal from the national academy of sciences and in one thousand nine hundred eighty eight. She was named the william seat bon astronomer at harper harper. After an illustrious career anti cannon died on april thirteenth nineteen forty one tune in tomorrow for the story of another stellar feminist
Indonesia ends search for ferry victims, Germany's migrant deal, and other news in pictures
"Today european shares and us futures rising following that mixed asian session all eyes were on the one today the euro strengthening is germany's coalition government dodged a crisis over my gration telecom companies leading an advance in the stock six hundred today futures on the s and p five hundred the dow the nasdaq all pointing to a firm open minor glencore heading for the biggest decline in two years something i'll come to hong kong stocks slumping as the city returned from a holiday em says pairing some of that declines as the people's bank of china governor eat gang said the country aimed to keep its currency at a stable and reasonable level that helped the u honore's earlier losses is developing nation currencies overall edge tie today turkey's lira plunging after inflation data dollar falling versus major payers treasury steady the swedish krona advancing as the country's central bank sticking to its plan to start lifting interest rates while the global trade spat between the world's biggest economies appears to be worsening investors will take some chair from that pbs pledged to keep the stable that'll city looking two minutes from the fed jobs data later in the week to provide a welcome distraction from protectionist risks off to the country celebrates its independence day stock where keeping an eye on today is glenn called the biggest percentage decline on the stock six hundred shares of sunk a massive twelve percent biggest drop since march two thousand and sixteen the big news coming out of glencore is essentially it's african troubles are escalating dramatically that's after us authorities demanded documents relating to possible corruption and money laundering the world's biggest commodity trader says it's been subpoenaed by the us department of justice to produce documents with respect to compliance with the foreign corrupt practices act and united states money laundering statutes they relate to the company's business in nigeria the democratic republic of congo and venezuela from two thousand seven to the present that's a bloomberg business flash here's markus karlsson with more on what's going on around the world mark twelve boys and their football coach trapped in a cave and thailand will need to learn to dive all wait months for flooding to recede before they can get out the group had been missing for nine days before they were found by divers late yesterday rescues are now battling rising water levels to bring more supplies to the group with tirtha saying that they may need food for at least the next four months the most senior roman catholic clerics will be to be convicted of covering up child sex abuse has been sentenced to twelve months detention australian archbishop philip wilson has been found guilty of failing to tell the police about the repeated abuse of to alter boys by a priest in the nineteen seventy s and disgraced movie producer harvey weinstein has been indicted on new sexual assault claims according to manhattan district attorney facing charges of sexually assaulting three women weinstein could be convicted of a minimum ten years in prison and a maximum sentence of life imprisonment his attorney benjamin bronfman has said weinstein will plead not guilty global news twenty four hours a day on naronha take talk on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm chris carlson this is bloomberg markets thanks coming up next our colleagues in the us getting ready for bloomberg daybreak in new york let's check in with bob morning bob the people's bank of china pledges you want stability and china's currency stems losses we'll have the very latest chinese telecom carrier meantime is the latest target of the trump administration which is moving to block the state back company from entering the us telecommunications market citing national security concerns jealous subject we'll have the story from the bloomberg ninety nine one newsroom in washington shares of glencore plunge after a us subpoena over possible money laundering bloomberg sebastian selleck we'll have details in london societe generale requires the commodities and equity units of commerce bank we'll get the story from bloomberg's danny burger and we're set to talk live and our first half hour to kelham pickering berenberg senior economist he's doing my colleague karen moskow and me for bloomberg daybreak right here on bloomberg radio.
"pickering" Discussed on Overthinking It Podcast
"Higgins is male companion colonel pickering dressing her up like at all but that sort of the first half of that story is about how that is sort of constructive mentoring relationship will not certainly without it's a big problems but it's like goal oriented and that they're trying to measure her to pass her off as a lady which is essentially what it is that she wants but the flip side of it at the end of by the end you realize that no it's not really quite a mentor relationship it was lack of a better word exploitative in a certain way and that the you know once she's once lies doolittle has taken what she needed from her from him then she moves on does her own thing so good big bets are a little bit of both like for very briefly what it is that she needed and then became something else i mean i would posit that a mentor ship so the functionality of mentor ship is somebody giving somebody else imparting in somebody else information and guidelines and behaviors so that they can fit a particular sort of role and i think the best mentorships or maybe the classic mentorships that we think of as positive or a person looking older person looking to a younger person and giving them the tools to take their own place or supplant them or spur surpass them and it's related to parenting and it's about the passage of generations and they kind of gradual improvement of humanity as a whole i think is kind of what that kind of mentorship is but there are kinds of functionally identical relationships where in your you start grooming somebody for a role that isn't your role that is for a different role right and in your opinion of that role is going to inform how you treat that person in what you shape them for like pig daily and he's not making a statue of himself he's making a statue of something he wants to bone right and like and that's that's i mean that's a crude way of saying i've talked about the greek myth here right where he like he makes the statue and he falls in love with the statue the sculptor right and then the statue gets life breathed into it and this is supposed to be what i guess good bad actually i'll ask you guys i'm not i'm my audit is not fresh is the myth you gotta you to throw it out you got to just really like don't leave it in your frigerator past it sell by date smells like giessen laurel trees who is is pygmalion supposed to be a positive story or a negative story are we supposed to feel good about the ancient greek myth of pygmalion or bad about it yes okay good i think like i think like a lot of those they they it illiterates i kind of intractable an intractable problem right to certain extent it's be careful what you wish for kind of story to a certain extent it's like it's a wouldn't it be nice kind of story into certain extent say like what would each man kills the thing he loves kind of story or something like that you know it's a story about kind of not not the futility but the the kind of sociopath e the kind of the kind of innate sociopath i of being an artist you know right right as you could see something like this women get a raw deal i mean again it would be great to have a woman here to say this for her for her own perspective because saying it from our perspective is not the best but i would say women get a raw deal when it comes to mentors and definitely in fiction and on presumably a real life because so many of the kind of senior skilled people are men and they don't necessarily see the women as people that can come up in their own image but incense see them as people that they can make use of or exploit yeah let's let's keep the going down this road here before we leave my fair lady entirely here for a few things matt you miss an opportunity to say instead of wouldn't it be nice would it be lovely right and the other important thing is that in my fair lady is briefly brought up like or at least the lies license brings up this idea.
"pickering" Discussed on #WeThePeople LIVE
"Video fifty one happened on i'm so used us on this panel because there's a thousand things done understand this i'm six marriage thing saying just such an easy one in their own went you're going to select sex if it's not us let everyone thing man so like marriage get gay married as charlie pickering says that's right to me so you preaching to the converted when paid says this makes that argument about an is trying to bring the head of state sink to me to be the easiest question in the world so what i'm fascinated about is where the fear comes from we seem to have an to mal is i walk around sydney and it's it's an asian city which kind of foods my heart with joy and love i don't know where all these what anglo saxon protestants are anymore that seem to be clean to these credit family win all the water strider that disparately won't to not be a republic it's baffling so got nothing auto know whether it's the top thirty to me it seems like and move on it's clearly james james shit i do and i don't think i don't think it is a prominent issue however i don't think that changes the if we had a referendum tomorrow to go can we can we get absolutely we need your help you well i'm i'm doing the best now you not because how it killed it last time that was the only reason that didn't win the prime minister was saying do these people generally follow the latest they do they do and that's what went down because i remember in conversation i was a lawyer at the time and fellow lawyers was saying we've got to do this and i was sort of informed by them and so i like to go to a republic but i think people would just scared because how it was morally signed onto then do we look at the actual powerpoint heat right so at the moment tomorrow i within the liberal party the most vocal voice against republicanism he's tiny gypped.
"pickering" Discussed on The Science Show
"Len to have her baby and she was so grateful that she named the baby edward charles pickering fleming and the pickering's promised her full employment if she would come back so she did and she worked at harvard the rest of her life and became the first woman to hold the university title as curator of astronomical photographs so she not only analyze the plates but she organized the way they were filed the way a card catalog referred to them and made access to any particular plate possible it was a library was a library of photographs and she also managed to put her son through mit and he became a mining engineer but there's no question of a quasi not on the economic stuff as you said formally but also and i will just read the sect strike from your book about the income throughout her journal mrs flemming expressed any positive sentiments about it would pickering except on the map remuneration when she engaged him on march the twelfth in some conversation about pay she got no satisfaction he seems to think that no work is too much or too hard for me no matter what responsibility or how long the hours but let me raise the question of salary anna immediately told that i receive an excellent salary as women's salaries stand if he would only take some step to find out how much he is mistaken in regard to this he would learn a few facts that would open his eyes and said and thinking sometimes i feel tempted to give up and let him try someone else or some of the men to do my work in order to having find out what he is getting 415 hundred dollars a year from me compared with two thousand five hundred from some of the other males assistance does he is.