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On this episode of the podcast, we welcome Chuck Yates. Chuck and I met a few months ago, first via phone and then over a great Houston lunch. I like Chuck a lot. He is thoughtful, insightful, caring and has a unique flair which he brings to everything he does (and wears). The first time I heard of him was because of the charity roast he spearheaded and I heard about “this PE guy getting a tattoo on his backside”. We start the pod with that story, and his passion for charity and we move through the business model of oil and gas, what he sees for the future and his best advice for investors. I enjoyed the conversation and I’m sure you will too. #hottakeoftheday podcast Episode 98 w/Chuck Yates https://youtu.be/0YyyQ2-e_gk   Podcast Audio   About our Sponsor: Magnum Cementing Services Magnum Cementing Services is an established well cementing service company with a broad operational footprint in North America. Magnum is well-positioned to serve its customers with the delivery of both primary and remedial / plug and abandonment (PaA) cementing. ​Magnum’s commitment has helped oil companies carry out their projects with a higher level of trust and dependability. From inception to delivery, their clients have come to expect superior communication and top-quality service. Magnum also believes in the training and orientation of all employees, so they are comfortable and confident in their work, which makes certain they provide the finest service available. Be sure to call Steve Moore at 310.701.3113 About Chuck Chuck Yates is a self-proclaimed towering giant of the energy business. After graduating magna cum laude, laude daude we like to party from Rice University with a BA in Political Science, an MBA in finance and plenty of BS, he toured with the Rolling Stones during one of Bill Wyman's stays in rehab. He later ran product design for Apple where Steve Jobs proclaimed him so valuable that "if Chuck left I'd be reduced to wearing nothing but black turtlenecks all the time". Chuck joined the Houston office of Stephens Inc., the Little Rock Arkansas investment bank where he strove to do well but not well enough to get promoted to Little Rock. After figuring out he was a really crappy investment banker, he moved to the principal side of the business... where he fared not much better. But as anyone who has spent more than thirty seconds with Chuck knows, he did the Silverhill deal. Interestingly enough during his nearly twenty years in private equity his business partner Mike Heinz went entirely gray. Coincidence? I think not. Chuck once won a bet from Superman where the loser had to wear his underwear on the outside of his clothes. Despite all of these achievements, in the post-COVID spring of 2020, Chuck was shit-canned from his gig as Managing Partner. It did make the Wall Street Journal so he at least had that going for him...   Links www.YDC.org www.chuckyatesneedsajob.com