Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (856)	11/22/2000 10:15:31 AM
From: Tommaso	Read Replies (4) of 74559

Lots of things to think about in your post--thanks. RE: store of value as oil field. What do you have in mind? I have been heavily into oil royalty trusts myself, but they are a depleting asset, and when mine rose to very high levels, I sold some. BPT, Prudhope Bay RT, for example, owns royalties on the first 90,000 barrels per day extracted from that field, but it is hard for an outsider to judge how long the field will go on producing. Also, costs rise constantly --and of course the whole thing is subjectto fluctucating oil prices. How would you "buy an oil field"?

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