GREY:BXEFF - Post by User
Comment by
Steelhead15on Sep 23, 2014 2:55pm
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Post# 22963317
RE:RE:RE:Management Needs To Get Investors Back
RE:RE:RE:Management Needs To Get Investors BackAfter writing what I did, I realized this downdraft was helped a great deal by normal seasonal selling pressure. The other issues are there, but not too bad I hope.
I've been reading about the Permian Basin, East Texas, the new TMS in LA, Dakotas and the new Niobara in the Rockies. That old shallow sea and ancient Mississippi Drainage area laid down a tremendous load of rich shale. 6000 feet of producing shale in the Permian. The US has amazing riches in oil for decades.
As a note: did you know this is the 2nd set of Rocky Mountains. It was started 75 million years ago if I can accurately remember my geology training. There are ancient palm trees in the sediment around Golden, CO- I saw them.