Monday, January 31, 2011 4:00:52 PM
10 barrels a day - hold on, I need to laugh hysterically for a few minutes; ok, I'm fine now - won't even keep the lights on or keep full the tanks of the rent-by-the-hour Lambos and Ferraris there at the "Instant Mogul Office Suite" in beautiful downtown Addison on the North Dallas Tollway Boiler Room Gold Coast.
10 barrels ? A day ? Tooooooooooooooo funny !
10 barrels a day @ $90 a barrel = $900.00, gross.
Then off of that comes the mineral owners' 1/8; then off of that come the severance taxes to the state, the county, the municipality, the school districts, anybody with their hand out actually; then off of that comes the operating costs and the overhead.
Your $900 is probably down to about a third of that. $300 dollars a day is going to support the price of a stock with billions of shares out already and who-knows-how-many-more on the way ?
Dream on.
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