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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Ed Ajootian who wrote (34266)8/9/2004 1:18:19 AM
From: energyplay  Read Replies (2) of 206325
 
In 2000 I tried rolling my short term profits into direct oil & gas investments. Did not work out well - delays in drilling cause me to miss windows of high NG prices,
I bought the wrong deals, etc.

Part of the problem is you are buying high on the cycle - high prices for drilling, higher promotes, etc.

ROYL was buying a farm out from BEXP and marking it up, you might be able to go directly to BEXP.

Also, check you state AMT tax - California has cute provision limiting OIL & GAS deductability to % of O&G profits.
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