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Prince Abdulaziz, Saudi Vice Oil Minister, delivered a speech today to energy ministers in Doha. This article addresses what we have been saying all along. Price cutbacks will allow oil prices to surge.
The opportune time to invest in oil and gas is when you get a good price for the asset being purchased. The same is true for many, if not all, other industries. Oil prices will go up and we will have purchased (at least for Redhawk Resources - Fund III) an asset at $45/barrel oil. For each dollar that oil climbs this is, simply put, money in our pockets. Click the link to be taken to the article on Prince Abdulaziz's speech today:
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Redhawk Investment Group, LLC offers direct and alternative oil and gas investment opportunities that enable investors to participate in the potential cash flow and the unique tax benefits associated with oil and gas investments. There are significant risks associated with investing in oil and gas offerings. The information contained in this website is for informational purposes only and is not a solicitation to buy or sell any securities. Information on this site is not intended to be used as investment or tax advice. Consult your investment advisor or tax advisor concerning the current tax laws and effects on your personal tax situation.