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Bobwins

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Bobwins

Re: INSTATRADER post# 15548

Wednesday, 02/21/2018 3:52:59 PM

Wednesday, February 21, 2018 3:52:59 PM

Post# of 24614
drilling oil and gas is a much different business than any that RJDG is currently involved in. Requires big capex upfront and then wait for production, hookup and revs in the months/year to follow. Typically requires lots of borrowing to dramatically increase production, in addition to any borrowing necessary to buy the acreage and existing production.

Could be a big win or a big anchor depending on the acreage potential and their drilling success.

Let's hope IOSOFT generates lots of cash so they don't have to borrow.

Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.

If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE

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