Looking at the Oil and Natural Gas markets today it looks like a blood bath
$30.80 down 26%
Nat Gas $1.64 down 4.33%
Saudis going to pump 10 million bbls a day to depress prices even more maybe below $20.00
Trump loves it all he sees is cheap gasoline who cares about anything else workers,royalty owners,landowners etc
Well I think this time the chickens are coming home to roost
Try to talk the market up some more
Cut interest rates quick
Time to BUY , when others are RUNNING AWAY
Probably a great idea Ralph. Might have to wait awhile til the price comes back up again...…………."BUY LOW and SELL HIGH" is the rule to follow!
Attention OIL shoppers ....
CNQ on sale today , aisle #1 .........
The prices are lower today then when the thread started
Nobody is eager to buy a bunch of non producing worthless minerals right now
Of course no one is willing to buy what is considered "worthless minerals". But the value will certainly come back up again. Just how long are you willing to wait?
Problem is that many of these will go bankrupt and the stockholders lose it all. Need to decide which ones will survive or bought/merged. And some won't be bought up until after bankruptcy so stock holders will be left out.
And what are you willing to do?
Well Shakeshale, If I can buy toilet paper yesterday for $3 or $4 a package and sell it to you for $10.00 tomorrow, Well, Why Not? Even Gas and Oil workers use these products. But there are alternatives if you are smart enough to use them.
Oil and gas have great possibilities! But until the industry money men get off of their collective butts and quit worrying about how to squeeze every last penny out of civilization and look for new products that can be made from oil and gas.
During the second world war a substitute material was found for tires. And even today the food industry is making products from other substances to resemble meat. Not as tasty maybe, but passable.
Put you brains to work and find suitable answers!
How do you think that the very machine you are reading from right now came to be? At Bell Labs a discovery was made that just about turned the communication upside down. A simple experiment, a chrystal was discovered that could be made to take the place of vacuum tubes. This was in 1946 as I recall.
What is to prevent the oil and gas industry from doing something similar?