RE:RE:RE:RE:re Who is buying and why?Although I don't have a lot of money, blew a ton in 2008 to 09 and other times. I have been slowly moving out of PEY to VET, good move, then VET to CR and PEY to CR.
I know many here and on the IV board have 50,000, or hundreds of thousands so they say.
Goals are always good, so my plan at some point is to be debt free, and have a few hundred thousand in the bank. Have other assets and income.
For that to work I need more than a double from here on out. It is possible and not a pipe dream.
For every day prices stay up in these levels and I doubt the fall and winter will be worse than now, it is either adding to debt or growth.
At some point in a year or two costs for everything will be going up in the O&G industry should we be at these levels, land, people, equipment and regulations and taxes probably.
My hardest part is keeping cash, and hanging on long enough to make this a reality.
Promoting the company is good, over promoting is not. Hopefully the numbers will speak for themselves.
A lot of earnings reports are coming out in the next five weeks or so.