InvestorsHub Logo
Followers 19
Posts 513
Boards Moderated 0
Alias Born 12/25/2009

Re: DirtyDawg post# 19337

Saturday, 01/08/2011 11:24:45 AM

Saturday, January 08, 2011 11:24:45 AM

Post# of 30337
Nice post - but it dosent entirely make sense. Thats like saying I got a paycheck, now Im rich. Well, was the paycheck for 37 hours at McDonalds or for a months salary as CEO of a Fortune 500?

I own one percent to three percent of many wells. They all have oil, but most dont make that much money. Some actually lose money if there are repairs needed plus the electric or gas bills to operate.

The main question, which none of us knows the answer to, is how much do they own of the well and how much it produces. (Both of these are known by the company even though they say they dont).

Just because there is oil in the ground dosent mean that as a shareholder of ZLUS you will profit and stock will appreciate. They still take out management fees and payroll for their company. (These should be limited, seeing as how they didnt select the drilling site, own the land, operate the well, or anything else material to the process. They receive a check and a bill in the mail once a month from the refinery.)
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.