Good Friday morning. Heads up; as of 9pm last night Lost Soldiers A round has either been completed or is close to it. If you want to move forward you’ll want to reach out to Tony Lotito asap (contact info in previous Letters) as they are not able to expand the size of the A round. As you’ve seen in the company’s reporting, now that the investment has been de-risked...with a resource value of 6 TCF nat gas and with a pipeline connection that will generate 400 Million cf/day (or $200 Million Dollars of revenue per annum), this Wyoming play is going to be interesting. 

May Jobs Report: “Strong"

I whiffed on this report.The estimate of jobs created in May was 180,000 but it came in at 272,000. The unemployment rate did rise to 4% (estimates were 3.9%) with average hourly earnings rising a solid .4%. Bottom line; It’s a strong economy…underestimating that was my mistake. This doesn’t change the fact that the Fed remains overly restrictive, nor the fact that because we are in an “inno...