By: Tripp Salem April 20, 2020 was an historic day whereby futures for U.S. crude plummeted to the point of going negative for the first time ever, revealing the extent to which the coronavirus pandemic has obliterated demand for oil. This unprecedented chain of events threatens to overwhelm domestic storage capacity, and has already led…
By: Wesley Legg and Scott David US daily cases have plateaued, and now much of the focus is on how and when to reopen the country. Last week, the White House issued guidance to states, but acknowledged the ultimate decision rested with state officials. Testing remains an area of concern, with most agreeing we need…
In this edition of the Founders Oil & Gas Market Update, we discuss how COVID-19 is impacting energy markets and causing unprecedented disruption. With further gyrations expected in the coming days and weeks, we are in the middle innings of an historic chain of events. Follow the link to read the Newsletter – Founders April Oil &…
Each year Founders hosts a Crawfish Boil in April to celebrate the firm’s anniversary. Our joie de vivre (enjoyment of life) not only shows in our deals, but also in our celebrations. With the current impact of COVID-19 on each of our lives, we decided the party must go on, and we hosted the first ever…
By: Miller Williams On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES” Act), a federal economic stimulus program aimed at reducing the economic impact of COVID-19, was signed into law. While this historic stimulus package will provide some short-term economic stability, Founders believes that additional stimulus measures will likely be necessary…
Founders Advisors recently sponsored the 4th Annual Vapor Ministries Classic Golf Tournament at Pursell Farms. The tournament began with a delicious farm-to-fork breakfast and a special presentation where Founders and other sponsors welcomed all participants. Vapor Ministries’ Founder & CEO, Micah McElveen also presented players with a handcrafted gift from Haiti. Everyone enjoyed playing 18…