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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (50465)	12/30/2012 11:47:33 PM
From: Joan Osland Graffius	2 Recommendations Read Replies (2) \| Respond to of 78774

One way to make money in the oil business is invest in companies that own the leases on the land. I invested in a company that owns leases in the Bakken oil field of North Dakota. They have oil wells that are producing and they are drilling wells, approximately 125 per year. I am getting 13.5% income off the investment and it is tax free. The plan is to drill out the leased land then sell it off in 7 or so years and take the capital gains home.