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Re: mrp1 post# 259155

Wednesday, 01/20/2016 2:49:13 PM

Wednesday, January 20, 2016 2:49:13 PM

Post# of 343681
30% is quite a bit actually and it was hyped by Bill. Not to menton the HOGE tool. But, imho, that's all toast and being at "square one" is okay by me if we get a merger that looks good (even if just on paper. wink) Might actually pick up some more cheap shares. But at least I know (or I THINK I do) what happened to Parker without hearing/reading a THING about them from them or their website for a year or more.

Now, I don't know if Parker is/was a shale oil company and used fracking to extract oil (yeah, I might be totally confused about this) but if they were it seems to be about over for 97% of such companies.

http://www.alternet.org/economy/97-fracking-now-operating-loss-current-oil-prices

http://www.parkertechnologiesinc.com/images/HogeTech.png

HOGE is designed to extract heavy oil from formations such as tar/oil sands with a calculated recovery of 90% or more. The process mechanically injects hot natural gas delivered deep into the formation by a proprietary tool that liquifies the heavy tar oil and then extracts it to heated storage tanks on the surface.



Anyhow, according to an article I linked to in my last post) this oil BUBBLE isn't actually about the oil PRODUCTION of the Saudi's, Iran, US, etc. but, rather, actually about the making/selling of CDO's (Collateralized Debt Obligation's) like the Housing Bubble was. And, without researching it, perhaps the selling of CDSs (Credit Default Swaps) also. Imagine a ton of oil company start-ups getting loans, selling stock and bonds to investors and saying the price of oil will only go UP. The investors grow the bubble and, later on, the bubble pops when the price of oil plunges resultin gin many late investors who lose their asses.

Okay, so perhaps I'm totally way off base. Just had to get this off my chest, even if it's totally wrong. smile

GLTA