To: familyop
Probably a good time to start buying leases.
2 posted on
01/09/2016 7:44:38 PM PST by
PAR35
To: PAR35
Probably a good time to start buying leases.
One might think so...but most of the leases worth buying are already HBP. And what acreage that may be open today is likely to stay that way, because the lessors haven't come to grips with the reality that the minerals under their land are worth far less today than they were 3 to 5 years ago. They're still asking $2,500/acre for leases that today might be worth $500/acre, if that.
3 posted on
01/09/2016 8:35:08 PM PST by
Milton Miteybad
(I am Jim Thompson. {Really.})
To: PAR35; Milton Miteybad
10 posted on
01/10/2016 12:56:45 PM PST by
familyop
("Welcome to Costco. I love you." --Costco greeter in "Idiocracy," example of today's politico.)
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