Originally posted by SBFORDTECH
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And there was much rejoicing in the land.... Gas Prices
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Some of the causes for the fires lately: aluminum relief valve bodies installed on a 4500psi continuous hydraulic circuit on a pump that already had built in relief valves (OEMs fault), improper hot fueling (too many to blame here), bad maintenance and lack of real time data.
Some of the guys at work were in a meeting with Frac Tech and one did bring up the insurance money vs the money they would get out of the well. At least they laughed.
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Originally posted by Strychnine View PostA class action suit was just filed in Oklahoma against Sand Ridge, New Dominion, Chesapeake, and Devon for the earthquakes up there. They're saying the companies are liable for private nuisance, ultra-hazardous activities, negligence, and trespass.
And down another 14 this week.
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SO i am employed as an exploration geologist. I am 100% dedicated to this business and can not wait for the next uptick and monies to be made, but in the mean time...is there a way to bet against the markets/oil and gas investing wise?
Clearly 2016 will be doom and gloom and multiple multiple companies will go under/ be bought out/ or get reorganized. Are there some investments/bonds/ or something that you could invest in that are safe havens for situations like this? Bail out funds once multiple companies default etc? Did anything increase substantially in the mid 90's or 2008-09 as the oil and gas / overall markets sunk?
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Well youre a little late to bet against oil prices.
You may try to buy into companies that will be bought out in hopes that there is a premium offered for share prices.
Im also no investing expert. Maybe Slow99 will come along. Strych also knows much more about this side than me.
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Being an election year don't expect too much movement or investments. Like you said right now 2016 looks to be a rough year where a lot of people will be out of work.
Betting against the market at this time would be less than ideal, oil could go to $20/barrel but comparing that from the $80-30 drop you do not have much to gain.
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