Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Olaf Koch who started this subject	10/10/2000 10:42:36 AM
From: Sharp_End_Of_Drill	Read Replies (1) of 95453

Nice day to be in the patch so far, and short tech as well - vbg. The driller's are showing some real strength. All this talk about the small entrepreneur makes me think we could collectively as a board have formed the "SI Drilling Co" and bid on SPR oil. Since this deal is supposed to be a swap, I'm not clear on exactly what a "bid" would be - other than just throwing your name in a hat and proving you have a pulse (and are a Democrat - wink wink). We as a group are most likely far more solvent, and knowledgeable, than the three questionable winners. But, I wonder about the details. Does anybody know how the physical market would work? Where do you take delivery, what are the fees to ship via pipeline to your buyers? Likewise, assuming we bought futures to cover the swap, sold the oil immediately, and sat on $100 million for almost a year to collect interest - where do we take futures delivery, and do we pay pipeline fees to ship it to the SPR? Sounds like a good deal to me, depending on shipping costs. My only problem is I'm not a Democrat or minority, so would likely have been disqualified. Sharp

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next