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Started By
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re: WTI Crude at less than $8/bbl right now. Good investment?
Posted on 4/20/20 at 2:04 pm to MillerLiteTime
Posted on 4/20/20 at 2:04 pm to MillerLiteTime
Yea these guys are begging for trouble with LDEQ, EPA, transporting hazardous material etc.
I love the ambition though fellas. Godspeed to all of you.
I love the ambition though fellas. Godspeed to all of you.
1
Posted on 4/20/20 at 2:06 pm to bhtigerfan
So if you purchased 100,000 barrels @ -$40.32/bbl, they would pay you $4.032 million?
And the 100,000 barrels is yours to sell at your convenience?
And the 100,000 barrels is yours to sell at your convenience?
This post was edited on 4/20/20 at 2:11 pm
Posted on 4/20/20 at 2:06 pm to Swagga
quote:
Yea these guys are begging for trouble with LDEQ, EPA, transporting hazardous material etc.
Get out of here with your logic. Theres money to be made dammit
Posted on 4/20/20 at 2:08 pm to OleVaught14
I’m trying to figure out how to skirt all them myself. I just want to make sure everyone is aware there are actual laws. Posted on 4/20/20 at 2:08 pm to jlnoles79
quote:
This may be a dumb question
Could we end up seeing shortages at some point? Why pump when it has crashed like this
Not dumb at all. We could absolutely get whipsawed in 2021 or 2022 if US domestic drilling is crippled.
Posted on 4/20/20 at 2:08 pm to bhtigerfan
quote:
So if you purchased 100,000 barrels @ -$40.32/bbl, they would pay you $4.032 million?
I wish I had a better understanding of this
Posted on 4/20/20 at 2:09 pm to Swagga
quote:
I’m trying to figure out how to skirt all them myself. I just want to make sure everyone is aware there are actual laws.
Posted on 4/20/20 at 2:09 pm to Swagga
quote:
I’m trying to figure out how to skirt all them myself. I just want to make sure everyone is aware there are actual laws.
If we can find a way to kick off a war at the same time, the government will buy it before any real investigations can begin.
Do we have 10 volunteers to go be kidnapped by ISIS next week?
Posted on 4/20/20 at 2:10 pm to Boh
My bro in law has a secluded 150 acre farm...trying to talk him into letting me put a few thousand barrels next to his cow pens...ha
Posted on 4/20/20 at 2:11 pm to saints5021
I have a trailer that can carry 8 barrels probably. Let me know where to back that puppy up for the first load drop off
Posted on 4/20/20 at 2:12 pm to Boh
I bought DSSI today
Posted on 4/20/20 at 2:13 pm to Boh
Dear God I wish I was smart enough to take advantage of this.
Posted on 4/20/20 at 2:13 pm to 13SaintTiger
quote:
Speculators will be losing money by taking delivery
Is this like when Zack and Screech bought stock in potatoes on "margarine" and the price tanked so Miss Bliss ended up with sacks and sacks of potatoes?
Posted on 4/20/20 at 2:16 pm to LSUJuice
I believe this is exactly like that scenario.
Posted on 4/20/20 at 2:17 pm to LSUJuice
I got it.
Buy a depleted well for cheap and 1 million barrels of oil.
They pay you $30 million to take delivery. Profit.
Now $37 million.
Buy a depleted well for cheap and 1 million barrels of oil.
They pay you $30 million to take delivery. Profit.
Now $37 million.
This post was edited on 4/20/20 at 2:21 pm
Posted on 4/20/20 at 2:24 pm to bhtigerfan
I see no fault in your fool proof plan.
Posted on 4/20/20 at 2:24 pm to bhtigerfan
quote:
Dear God I wish I was smart enough to take advantage of this.
Me too.
I'm so worried about my job situation that I'm really too scared to buy anything. I may research in my Fidelity 401-K plan and see about moving some money around.
Posted on 4/20/20 at 2:27 pm to jlnoles79
quote:
Could we end up seeing shortages at some point? Why pump when it has crashed like this
We kinda did in late 90s when it rebounded. Can't just shut well in and reopen it by turning a valve to my knowledge. Not sure what kind of issues all these frac'd holes would have it they a shut in. Work over before starting back or drill another.
Posted on 4/20/20 at 2:31 pm to Capt ST
How about buying a few barges worth. Probably cheaper to just store it on the river somewhere.
Posted on 4/20/20 at 2:31 pm to notiger1997
Buy a 1,000 bbl tank for $9,500.
They pay you $35k at current price to take delivery.
Store oil and sell when price rebounds.
Oil tanks
They pay you $35k at current price to take delivery.
Store oil and sell when price rebounds.
Oil tanks
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