Lagniappe Stokes Family Office

We’re pleased to welcome Jordan Strebeck, Co-Founder and Managing Partner of Fortress Energy, to the Lagniappe Podcast. Jordan walks us through his background, from New Mexico to Harvard to Midland, and why he chose to focus on minerals. We’ll talk about how technology and technique have changed the Permian Basin and the energy sector as a whole and discuss ESG, a narrative shift in the oil and gas industry, and what the U.S. needs to do to keep progressing as a global energy leader.

Key Takeaways

[00:17] - Introducing Jordan Strebeck, Managing Partner of Fortress Energy

[06:31] - Why did he choose the minerals space?

[13:32] - How technology and technique changed the Permian Basin

[18:10] - Less rigs, more efficiency

[23:05] - Fracking and going horizontal

[30:34] - ESG, COVID, and capital 

[37:09] - A narrative shift for the oil & gas industry 

[45:06] - What Jordan thinks we can do better as a country in terms of energy



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Links

Fortress Energy

Jordan Strebeck

Oil-Field Service Companies Ask: Where Did All the Wildcatters Go?


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Doug Stokes

Greg Stokes

Stokes Family Office


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Disclosure
The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

We sat down for a fascinating conversation with Permanent Equity Founder and CEO, Brent Beshore. Brent is a pioneer in the micro private equity space so we loved picking his brain on how/why he created PE’s unique model, their risks/competition, how he finds businesses, and where he sees the private equity industry heading over the next 10 years.

Key Takeaways

[00:17] - Getting to know Brent Beshore 

[05:10] - Who is Permanent Equity and why is their model so unique?

[10:23] - What’s the one flaw in their model and how do they use leverage?

[15:57] - PE’s product lines and value-add pitch to business

[20:27] - What does competition look like today?

[26:02] - What types of businesses are searching to sell to private equity?

[31:24] - The risks that come with transactions/transitions

[39:15] - What happens after the 30-year time horizon?

[46:39] - How Brent sees the next 10 years 



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Connect with our hosts

Doug Stokes

Greg Stokes

Stokes Family Office


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Disclosure
The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

Happy Independence Day to you and your family. To commemorate the holiday, we’ll share what America means to us and reflect on how good we’ve got it. On the flip side, we’ll look at the aftermath of last week’s debate and the odds on what happens next. We’ll also discuss our expectations for rate cuts and the economic impact of Ozempic-like drugs.

Key Takeaways

[03:17] - Fallout from the disaster of last week’s debate

[09:04] - How fixed income relates to inflation

[11:42] - Our logical expectations on rate cuts this year

[18:25] - The real-life impact of chief market strategists’ prognostications

[22:50] - Can Ozempic-like drugs have a positive economic impact?


View Transcript

Links

Election betting odds

Real Clear polling data

How U.S. airlines are hoping Ozempic can save them money

CDC: Health and economic costs of chronic conditions


Connect with our hosts

Doug Stokes

Greg Stokes

Stokes Family Office


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lagniappe.stokesfamilyoffice.com


Disclosure
The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

It’s debate day in America! We’ll mark the occasion by examining election predictions and what either result could mean for the economy. We’ll also discuss American strength/resilience and why the data says we’re not in a debt doom spiral. We’ll finish with a Roger Federer mindset as we look under the financial hood and find long-term optimism.

Key Takeaways

[00:17] - On debate day, we look at what the election could mean financially

[09:50] - America and American families keep prevailing/thriving

[16:19] - American tourists are driving European economies

[19:22] - Federer wisdom + optimism 


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Links

Nate Silver’s first 2024 election model prediction: not a toss-up

Silver: Who is favored to win the 2024 election?

Odd Lots: Why Tom Lee Thinks We Could See S&P 15,000 by 2030

Slok: Household net worth is almost 8x higher than disposable income

WSJ: Europe has a new economic engine - American tourists

The American consumer is Europe’s stimulus package

Outside of the top 10 stocks, the market is reasonably priced

June-August are historically the best 3 months of an election year

Roger Federer’s Dartmouth commencement speech


Connect with our hosts

Doug Stokes

Greg Stokes

Stokes Family Office


Subscribe and stay in touch

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lagniappe.stokesfamilyoffice.com


Disclosure
The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

This episode is all about where we are vs. where we thought we’d be as we near halftime of 2024. Are we surprised by no rate cuts? Could a bullish real estate environment be on the horizon? Why isn’t there more news/outcry over the bond markets? We’ll look back to answer these questions and look ahead to the buzz of big sporting events and elections coming soon. 

Key Takeaways

[00:17] - Looking back at the first half of 2024

[07:04] - They will they/won’t they rate cut convo

[12:50] - The real estate sector needs rate cuts

[15:49] - Why hasn’t there been more outcry over bonds?

[19:24] - An update on private equity and venture capitalism

[24:40] - Summer heats up with sporting events and elections on the horizon

[29:00] - Projecting where we finish the year


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Links

Detrick: Could the Fed really cut with stocks at all-time highs? Yes is the answer.

Roche: It’s time to cut rates

CME FedWatch Tool

iShares 20+ Year Treasury Bond ETF (TLT)

Pensions piled into private equity. Now they can’t get out.

Election betting odds

Breaking spaghetti and record fast goals at the Euros


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Doug Stokes

Greg Stokes

Stokes Family Office


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As volatility makes a return to regional banking, we’ll look at what the markets are telling us about the probability of a soft landing. We then say goodbye to Siri and hello to Apple’s new AI features and discuss the ins and outs of NVIDIA’s stock split. 

Key Takeaways

[00:18] - PIMCO says more regional bank failures on property are expected

[04:51] - Banking strategy and economic growth post-Financial Crisis

[12:37] - What is the market saying about the chances of a soft landing?

[17:34] - Apple introduces new AI features for iPhone

[19:32] - Is the NVIDIA stock split a bullish indicator?


View Transcript

Links

PIMCO warns of more regional bank failures on property pain

BoA: Market-implied likelihood of a hard or soft landing

CNN Fear & Greed Index

iOS 18 AI features will change the game for iPhone users

Stocks usually do better after splits

Historically you get a better return over time by investing in the S&P at all-time highs compared to any other day


Connect with our hosts

Doug Stokes

Greg Stokes

Stokes Family Office


Subscribe and stay in touch

Apple Podcasts

Spotify

Google Podcasts

lagniappe.stokesfamilyoffice.com


Disclosure
The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.