Chevron Announces Record Setting Well Test at Jack
2006-09-22 13:34:24 · 6 answers · asked by mariuva 1 in Business & Finance ➔ Investing
Maybe once it starts producing oil, I would make a small investment now perhaps buy some stock.
2006-09-23 03:22:08 · answer #1 · answered by Book of Answers 2 · 0⤊ 0⤋
Most of the oil in the world is known. With a treasure like that we have already mapped out just about every oil deposit in the known universe. The truth is they knew what they were doing when they drilled the well. They knew what they were drilling into. A small change in the price of rice in china is about as news worthy.
no gold mine here. Just another oil well. Not a big deal. I would not invest in this just because of this. If you have other reasons that's a different story. But this is all you offered us to analyze. So I can only offer an opinion based just on this. And my opinion is ....."(yawwwn)"
Yes there will be a littel bounce in price possibly but then the reality of the companies fundamentals and balance sheets all kicks back in and there you are back to normal. Not worthy of my time or money or risk.
2006-09-22 21:08:13 · answer #2 · answered by john d 3 · 0⤊ 0⤋
Above some good advise; BEWARE! It may be good, but, only one oil well, I really not think that do much. But, you have to make your own decision on this one. You may be better off watching Ford Motor Company and buying their stocks while under $8 dollars a share, stop once it goes over $8 and wait until it up to $20-30 and sell all you have. May take about 3 years, but, every month buying what you can UNDER $8 a share, you will have time to build up the number of shares you have before it go back up. But, this IS an opinion, this a decision YOU have to make. Stocks are like playing Poker.
2006-09-22 20:48:31 · answer #3 · answered by Snaglefritz 7 · 0⤊ 0⤋
Beware, this could also be a media hype to make people become interested in what they might be offering! People are wicked and cunning and I would never put something like that past someone to set something like that up. I'm always more leery than optimistic because Ive been around a little longer and see how rotten people can be. Sorry.
2006-09-22 20:38:35 · answer #4 · answered by soniaatcalifornia 5 · 0⤊ 0⤋
Probably oil well, not a gold mine...and since you don't own Chevron.....
2006-09-22 20:37:03 · answer #5 · answered by Iamstitch2U 6 · 0⤊ 0⤋
remember any investment is a risk, and this one may be a the whim of the feds
2006-09-22 20:42:07 · answer #6 · answered by michael m 6 · 0⤊ 0⤋