That makes a LOT of assumptions.
It assumes Drake produced that oil. They simply quoted "oil in the holding tanks". They decidedly did not say where it came from.
It assumes that Drake gets any of the proceeds from selling that oil. Again, they have not indicated such.
It assumes the oil is in fact salable. That anyone wants to buy it. Yup, no mention of that either.
It also omits the cost of obtaining that oil. If it cost $20,000 to get it, and it sells for $10,000, of which Drake gets $5 (the .05% they earned with their $3k payment), then it's not exactly a great deal.
I'm sure the soon-to-be-published 4Q financials will make it all clear.
Well, not that sure.
I receive NO compensation to post ANYTHING. I AM NOT short this stock.
"The world is a dangerous place, not because of those who do evil,but because of those who look on and do nothing". Albert
Einstein
