Black Dragon Resource Companies Inc (BDGR)

[Kool Aid Man]

It's simply not profitable to drill right now.

The break-even price for oil drilling varies by region and company, but for U.S. shale producers, it averages around $65 per barrel. However, some firms can achieve lower breakeven prices (e.g., large producers can break even at about $61/bbl), while others face higher costs, such as offshore and oil sands projects, which may require prices up to $75/bbl

Oil futures are currently trading at $60-61 bbl. https://www.barchart.com/futures/quotes/CL*0/futures-prices?viewName=main&timeFrame=daily

I have mineral rights in an oil rich region of Oklahoma that I leased 3 years ago for fat money. Unfortunately prices kept drifting lower and drilling on my land never happened. My leases just expired so I can lease them again but there's currently no interest. Idiot scammer Trump's pledge to "drill baby drill" was to dupe people into voting for him. But it was widely considered a joke then as now since more drilling= more supply= even lower prices.

Not that it matters as there's not a snowballs chance in hell of Eddie ever being a player in that game or anything else other than scamming.