Comments on: “10 Billion Barrels of British Oil Ready to Drill”

By: K. Padfield

K. Padfield — Sun, 19 Oct 2008 04:11:40 +0000

I bought some because the tests show that there’s a large amount of targets, far more than they had anticipated and it’s a very long way from the middle east in the event of a conflict with Iran. Although it’s not as high as it was for a time it’s up from when I bought it and I can wait for a year to see what comes up from the first drill hole. Unless I miss my guess it’s going to be good news.

By: Doug

Doug — Wed, 23 Jul 2008 06:14:04 +0000

The company is Falkland Island Holdings – FKL
It runs more or less everything in the Falklands and has a 10%? stake in FOGL.
It has the advantage of shooting up if FOGL hit oil but if they dont you are hedged from excisting operations….
FOGL much more volatile.

By: StockGumshoe

StockGumshoe — Mon, 21 Jul 2008 14:49:02 +0000

I didn’t actually read this one yet, but it does sound like another 10-disc options trading course that no one will actually get through.

You can always just go with one of many Gumshoe rules: If the ad includes a picture of the fancy sports car the author and/or fake testimonial writer drives, time to stop reading and get on with your life!

By: StockGumshoe

StockGumshoe — Mon, 21 Jul 2008 14:45:30 +0000

Thanks Alejandro — the other details that I didn’t include don’t match Desire, but thanks for another name to look into (the BHP Billiton deal from last fall was indirectly a big part of the “tease”).

By: Diana

Diana — Mon, 21 Jul 2008 14:41:32 +0000

Yep,.. definitely options. Buying straddles it sounds like, since the market will need to move. Iron condors would not require that, and he doesn’t mention premium collection.

I can’t believe I actually read through that whole crock. Amazing what some people can come up with.