RE:RE:$80 oil to $72.50 in a week? ....... & Stock for 'Nukester'BarstoolSage wrote: Never considered O&G before coming here to GH and meeting you folk
Last year I began accumulating a royalty play, Source Rock. which has turned upwards and yields monthly cash since I have been in.
So thank you. First in at high 70s and a lot in low 80's. Has raised itd dividends since I have bought.
Large CN pension fund ownership ..and 45mm shares out
Essentially an office that puts money to work, taking royalties off the top. I'm in for the return, so not much caring about price until its my monthlies
We are both talking the same turkey.
Clearwater formation.
Royalty co's less risk, less reward.
E&P's higher risk, higher reward.
That's why I remind people not the bet the farm.