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post #1 of 12 (permalink) Old 05-18-2008, 05:06 PM Thread Starter
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My little suggestion

Of members here having the option to invest in oil and gas and beat the oil companies at their own game is too big a picture? Too complicated?

Too much junk/toys to mention, ever changing due to too getting bored too quickly. I need a 10 step program!
Want to call? I'm in the book. Want to argue....First explain the square root of negative one....lol
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post #2 of 12 (permalink) Old 05-20-2008, 09:51 AM
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I think commodities are relatively simple as an investment.

The problem with them lays in their volatility. You have to adjust on the fly - moving often and quickly. As a result, profits from small accounts are often eaten by the fees from multiple short-term transactions. They're not the kind of investment you can just check in on quarterly. You have to stay on top of 'em - making them a headache for those who want a stable long-term investment without all the activity. But, commodities can give excellent returns if you're willing to do the work.

My .02: If you do commodities, go big and ensure you’ve got the time and energy to actively manage them.*

* Legal disclaimer: UTAH is in no way a capable or competent financial advsior. It would be foolish and risky to assume he or anyone connected with him knows his arse from a no-load mutual fund. In fact, one would have better odds of financial gain playing the slots in Reno than following his free advice.

Bill

Bilge Rat Association member with Ninja Wife
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post #3 of 12 (permalink) Old 05-20-2008, 08:23 PM
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The next big oil rush is in the Bakken Oil find in Montana. You can still get in on it, if you hurry.

2002 F-350 SRW Lariat,4X4, PSD with too many goodies to list. 182k and a very strong 7.3. SOLD
2008 F-250, SC Lariat, 4X4,Shortbed, Pueblo Gold/black, V-10, 4.10, auto, Delivered on 9/7/07, great looking rig. South Texas bumpers front/rear, Air Raid Intake System, Diablosport Predator, Magnaflow, Husky's, JJ's, Ford alarm/remote start, Marathon seat covers, Sirius, PIAA, Access cover, Weatherguard tool box, Rhino liner, Michelins, Duraflap mud flaps, Escort 9500i, MagHytec rear dif cover.
2007 Lincoln LT (wifer's grocery getter),Superchip,Magnaflow duels, K&N dropin, Leer Browning Special
1996 Ford Bronco EB; almost stock
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post #4 of 12 (permalink) Old 05-21-2008, 08:08 AM Thread Starter
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The next big oil rush is in the Bakken Oil find in Montana. You can still get in on it, if you hurry.
The tar sands if you have the guts are a good long term investment. There is as much energy in the Canadian and American tar sands oil as there is in the entire mid-east. Right now obviously it's easier to pump oil in the desert but at $120 or $130 or possibly $200 oil that costs $40 or so to EXTRACT from tar sands becomes an alternative.

I mentioned several times that members that can afford a $50K F-350 can take that $50K join the oil/gas/tar sands group and beat them at their own game. It's not just for millionaires.

As Utah says......roofeditor is also not a financial planner but he has helped many friends achieve their dreams by looking out of the box.

Too much junk/toys to mention, ever changing due to too getting bored too quickly. I need a 10 step program!
Want to call? I'm in the book. Want to argue....First explain the square root of negative one....lol
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post #5 of 12 (permalink) Old 05-21-2008, 09:18 AM
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If Congress will open ANWAR the new pipeline into the lower states would also pick up Canadian gas. Supply and new refineries are the key to independence and lower prices; until we increase both, we are doomed to high prices.

2002 F-350 SRW Lariat,4X4, PSD with too many goodies to list. 182k and a very strong 7.3. SOLD
2008 F-250, SC Lariat, 4X4,Shortbed, Pueblo Gold/black, V-10, 4.10, auto, Delivered on 9/7/07, great looking rig. South Texas bumpers front/rear, Air Raid Intake System, Diablosport Predator, Magnaflow, Husky's, JJ's, Ford alarm/remote start, Marathon seat covers, Sirius, PIAA, Access cover, Weatherguard tool box, Rhino liner, Michelins, Duraflap mud flaps, Escort 9500i, MagHytec rear dif cover.
2007 Lincoln LT (wifer's grocery getter),Superchip,Magnaflow duels, K&N dropin, Leer Browning Special
1996 Ford Bronco EB; almost stock
2007 Kubota 900 RTV diesel with goodies.

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post #6 of 12 (permalink) Old 05-21-2008, 03:53 PM
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Originally Posted by roofeditor View Post
Of members here having the option to invest in oil and gas and beat the oil companies at their own game is too big a picture? Too complicated?
During an oil price boom twenty-um years ago, L'il Bro invested in an oil well drilling syndicate. He had known several friends that made lots of money with that sort of investment, so he jumped in too. He, too, "on paper" made lots of money at first. Then the bust came and he lost everything he'd gained plus most of his original investment.

Buddy of mine paid cash for a $1,000,000 drilling rig around that same twenty-um years ago. He expected to have a good ROI, since he had been making money hand over fist for several years during the boom, with a worn-out, trouble-prone drilling rig. But about the time he committed to paying out that mil, the bust came along. He hung onto that rig for a few years, never drilling a hole with it, and finally gave up and sold it for $100,000.

So "wildcatting" is lucrative for those that know the oil "bidness" and have money to gamble with, but you can lose your shirt, too. So just like going to 'Vegas, don't gamble more than you can afford to lose.




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post #7 of 12 (permalink) Old 05-21-2008, 04:35 PM
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The tar sands if you have the guts are a good long term investment. There is as much energy in the Canadian and American tar sands oil as there is in the entire mid-east.
I've heard that same song before.

But it was oil shale, western Colorado and nearby areas. Exxon invested a billion or so in that idea, with a very negative ROI.

I keep expecting to read in the business pages that Exxon is reviving that project, since crude oil is over $120 a barrel now. But I suspect they learned that squeezing oil out of a rock is almost as hard as getting blood out of a turnip.

Crude Pricing 5/18

Midland Reporter-Telegram

Published: Monday, May 19, 2008 9:08 AM CDT
Weekly Averages
Nymex $124.78
Posted $121.30

Posted Prices
Conoco $120.83
Flint Hill $121.00
Navajo WTI $120.75
Navajo NMI $123.50
Plains $120.75
Shell Trading $120.90
Sun $120.75


For those not familiar with oil patch lingo, WTI is west Texas intermediate crude oil, and NMI is New Mexico intermediate. WTI and NMI are produced in the Permian Basin, with Midland as the headquarters city.



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post #8 of 12 (permalink) Old 05-21-2008, 08:40 PM Thread Starter
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Check out Canadian Oil Sands Trust.

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Originally Posted by SmokeyWren View Post
I've heard that same song before.

But it was oil shale, western Colorado and nearby areas. Exxon invested a billion or so in that idea, with a very negative ROI.

I keep expecting to read in the business pages that Exxon is reviving that project, since crude oil is over $120 a barrel now. But I suspect they learned that squeezing oil out of a rock is almost as hard as getting blood out of a turnip.

Crude Pricing 5/18

Midland Reporter-Telegram

Published: Monday, May 19, 2008 9:08 AM CDT
Weekly Averages
Nymex $124.78
Posted $121.30

Posted Prices
Conoco $120.83
Flint Hill $121.00
Navajo WTI $120.75
Navajo NMI $123.50
Plains $120.75
Shell Trading $120.90
Sun $120.75


For those not familiar with oil patch lingo, WTI is west Texas intermediate crude oil, and NMI is New Mexico intermediate. WTI and NMI are produced in the Permian Basin, with Midland as the headquarters city.
Agree not for every one.

Our group which I'll not mention is drilling in west Penn for qas and oil in known fields but using deeper and high tech extraction methods. YTD we have about 10% return and thats all TAX free, and that was after a 100% write off on the initial investment.

We are in 30 holes and 80% are complete.

If someone needs a major tax write off and the chance on an investment this may be good. You are an owner not a stock holder or LLC partnet which is why the 100% tax write off!

You are from the area? Where does Flying J get theirs?

woops forget to mention check out Canadian Oil Sands Trust!

Too much junk/toys to mention, ever changing due to too getting bored too quickly. I need a 10 step program!
Want to call? I'm in the book. Want to argue....First explain the square root of negative one....lol
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post #9 of 12 (permalink) Old 05-21-2008, 08:43 PM
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..... i think it sucks.....
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post #10 of 12 (permalink) Old 05-21-2008, 09:33 PM Thread Starter
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Man of few words?

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..... i think it sucks.....
Canadian Oil Trust Sucks? Care to elaborate or is sucks sufficient?

Too much junk/toys to mention, ever changing due to too getting bored too quickly. I need a 10 step program!
Want to call? I'm in the book. Want to argue....First explain the square root of negative one....lol
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post #11 of 12 (permalink) Old 05-21-2008, 10:01 PM
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sorry i should have said more =)

I think any fuel price no matter where it comes from that is over .99 cents a gal.... sucks....
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post #12 of 12 (permalink) Old 05-21-2008, 10:43 PM
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Click here or copy this link into your web browser: http://www.energyandcapital.net/newsletter.php?date=2008-05-21

2002 F-350 SRW Lariat,4X4, PSD with too many goodies to list. 182k and a very strong 7.3. SOLD
2008 F-250, SC Lariat, 4X4,Shortbed, Pueblo Gold/black, V-10, 4.10, auto, Delivered on 9/7/07, great looking rig. South Texas bumpers front/rear, Air Raid Intake System, Diablosport Predator, Magnaflow, Husky's, JJ's, Ford alarm/remote start, Marathon seat covers, Sirius, PIAA, Access cover, Weatherguard tool box, Rhino liner, Michelins, Duraflap mud flaps, Escort 9500i, MagHytec rear dif cover.
2007 Lincoln LT (wifer's grocery getter),Superchip,Magnaflow duels, K&N dropin, Leer Browning Special
1996 Ford Bronco EB; almost stock
2007 Kubota 900 RTV diesel with goodies.

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Last edited by SmokeyWren; 05-22-2008 at 12:14 PM. Reason: Copyrighted material deleted, but the link works to show it all.
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