Started By
Message

re: Gulf Coast Ultra Deep Royalty Trust......Buy?

Posted on 2/12/14 at 2:30 pm to
Posted by cwill
Member since Jan 2005
54753 posts
Posted on 2/12/14 at 2:30 pm to
No. Show me an ultra-deep well that has worked or one that hasn't had outrageous costs.
Posted by TJG210
New Orleans
Member since Aug 2006
28351 posts
Posted on 2/12/14 at 2:40 pm to
Aren't they about to complete the second Davy Jones well? I look at it as more of a speculative play with a very small percentage of my total account.

I've never invested in a trust before, how exactly does this work? Like I said, there was very little information on Scottrade and wanted to gather more before I pull the trigger.
This post was edited on 2/12/14 at 2:42 pm
Posted by barry
Location, Location, Location
Member since Aug 2006
50361 posts
Posted on 2/12/14 at 3:42 pm to
quote:

Show me an ultra-deep well that has worked or one that hasn't had outrageous costs.


A huge chunk of GoM production now comes from UDW drilling. Granted a lot of it is the super majors.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram