Is an oil & gas multiple well drilling investment in proven fields safe in today’s enconomy?
This entry was posted
on Saturday, December 12th, 2009 at 3:23 pm and is filed under Questions.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
4 Responses to “ARE OIL & GAS DRILLING INVESTMENTS GOOD?”
No. Not in this environment with the enormous inventories of oil and natural gas we have, and our weak economy. Prices are very volatile, and right now they are relatively high for the inventory we have on hand. And with a working interest, which is probably what you would have, all the expenses have to be paid before you get paid. If its a royalty interest it would be a better idea.
For short term trading, no as economies are still weak and inventories are high.
For long term investing, yes, supply is limited.
You have to be careful to analyse the costs of a business, don’t invest blindly.
December 12th, 2009 at 3:23 pm
No. Not in this environment with the enormous inventories of oil and natural gas we have, and our weak economy. Prices are very volatile, and right now they are relatively high for the inventory we have on hand. And with a working interest, which is probably what you would have, all the expenses have to be paid before you get paid. If its a royalty interest it would be a better idea.
December 12th, 2009 at 3:23 pm
It depends on how much the cost is and how much profit your making.
December 12th, 2009 at 3:23 pm
it is good investment and good business idea
December 12th, 2009 at 3:23 pm
For short term trading, no as economies are still weak and inventories are high.
For long term investing, yes, supply is limited.
You have to be careful to analyse the costs of a business, don’t invest blindly.