Replies to post #3285 on GulfSlope Energy Inc (GSPE)

[spec machine]

No, GulfSlope isn’t in that part of the sector

Storage and pipelines are “midstream” whereas exploration and production are “upstream”

Storage is a somewhat of a low risk venture but the returns are also low compared to discovery of a medium size reservoir

The negative prices are somewhat misleading in how they work as futures prices but the end result is the same

Some futures were purchased but can’t be sold because there are no buyers

So the holder sweetens the deal by paying someone to take them

spec