Is there a way to invest in small exploration companies in the TX/ LA area? How much does it cost per day to drill for oil?
2007-01-13 13:14:01 · 4 answers · asked by jimmyluger 3 in Business & Finance ➔ Investing
There are small oil exploration companies that you can purchase stock in, relatively speaking.
Here are a couple to consider:
EPEX Market value 275 million. $16.36 a share
TGA Market value 277 million $4.74 a share
By the standards of oil exploration companies these two are very small. But both are profitable. I believe EPEX appears the better value.
2007-01-13 15:22:50 · answer #1 · answered by Anonymous · 2⤊ 0⤋
I don't think there are any small companies left. The big guys have shoved or bought them out. There are no more easy access fields left. All remaining fields are hard and expensive to get to either for geographic or political reasons. Oil is not the future.
If you have funds to invest, I'd go for alternative fuels like Bio-diesel.
2007-01-13 13:52:41 · answer #2 · answered by Del C 3 · 0⤊ 0⤋
I'm sorry I can't give you the answer ...but I know where you can definitely find it...go to http://www.investorvillage.com
It's a free site, but you have to "register" to ask a question (you can read messages without that, but it doesn't help here)
When you're on, go to any oil company site and ask your question...these guys know the markets inside and out ( hell, I think they know the names of the guys working the rigs !!!)... then go to the board that they point you to.
Good luck.............
2007-01-13 16:23:04 · answer #3 · answered by jebediabartlett 6 · 0⤊ 0⤋
Yes.
2007-01-13 20:17:33 · answer #4 · answered by Anonymous · 0⤊ 2⤋