Most of you do not know this, but I was born an oil man. As a baby, I’d dawdle around the oil fields, tossing wrenches at the engineers, playing with the seismic machinery. Later on I got into finance and almost nearly forgot that I was man of extreme oil.
Several years ago, I became obsessed with a small fracking company FTK. I bought over a million shares and behind the scenes was actively talking to management, helping to set up financing. As luck would have it, they didn’t need my counsel and oil prices sprang higher and FTK rose to over $30.
When oil collapsed a few years ago, I left the sector and never returned, instead favoring tech stocks — all but forgetting my heritage in the oil sector. All of that has ended today. I stepped back into the well, knee deep in this shit, long both SLCA and FTK — rounding out my position to an even four — including SN and BBG.
It is my belief the capitol of Iran will burn soon and when it does the price of oil is going to scream higher. Being an oil man, I felt now was the time to step in, before the plebs pile in, leaving behind all of their crypto-proxies and pot plays for something real and substantial — ground soaking, reservoir ruining, earth fucking oil.
I’m long the frackers because I like ‘fracking juice’, as we liked to call it back in Brooklyn. We’ll be drilling so much oil soon, the state of Texas will secede and literally punch California in the fucking face for being so God damned stupid.
I realize this is a bold move, with oil only ~$60 or so. By God, the frackers need oil to be north of $75 to make any real money. As Jupiter is my witness, we shall see oil trade to $75 and MOAR this year, forcing faggots in large numbers into TIPS — afraid to death of the $1,000 tomato and runaway inflation.
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Anecdotally speaking the price of oil should go to 75….
…I have interest in several areas of OK and TX. Recent offers to lease and farm in my interests have been heading to the stratosphere. SCOOP and STACK areas in OK in particular. CLR is throwing money as are smaller non-public companies. 14-15K/acre stuff.
And yeah, they frac (the correct industry spelling) the heck out of those wells. Earthquakes be damned, we’re fracking.
They sell farm land here in Ohio for $15K. And it doesn’t deplete.
…until the broke public servants tax it away to pay for their lavish pensions. Then you walk away with nothing.
I love earthquakes.
The ‘proven’ oil reserves are always overestimated and overinflated.
Who cares?
Insiders. Same as Bre-X.
you’re a little $30 too late
OII was my easy money in the oil service field from 09-14. they made the robotic device that stopped the Deepwater Horizon BP spill. If oil holds it will not only be the pipelines, producers and frackers but little gem cos like Oceaneering International.
Build the fucking wall around California and be done with it. Commies would never win another election.
Eigth largest economy in the world….. must be idiots.
Only because of the climate. It enables scandalous amounts of produce to be grown and humans like it.
Pretty state to visit but the closet communists and gays will soon tank it.
bannon v trump. great stuff.
As far as Iran goes,
There Will Be Blood,
Oil is the best sector for 2018.