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    Oil Wells

    Anybody here invest in oil wells?
    james.c.hendrickson@gmail.com
    202.468.6043

    #2
    What do you mean by "investing in oil wells"?
    Never underestimate the power of stupid people in large groups.

    -George Carlin

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      #3

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        #4
        Uhhh...sorry guys. I mean like owning a fractional share in a well or series of wells.
        james.c.hendrickson@gmail.com
        202.468.6043

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          #5
          Originally posted by james.hendrickson View Post
          Uhhh...sorry guys. I mean like owning a fractional share in a well or series of wells.
          I've done it, both for NG and Petro. Most are limited partnership situations. The higher the potential profit, the higher the risk, etc.

          Buy into a share of an ongoing concern, you'll get much more stable, predictable income, but you aren't rewarded like you are with a favorable exploration find.

          NG sucks and has for a decade. It's too cheap.

          If you are going to get into some sort of LP, coal is going to be the way to go since Trump is lifting the regs.

          When King Coal is in a bull market, it can run for a long, long way.
          Never underestimate the power of stupid people in large groups.

          -George Carlin

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