Acquisitions Anonymous - #1 for business buying, selling and operating cover image

Girdley wants to buy an oil well - Acquisitions Anonymous 182

Acquisitions Anonymous - #1 for business buying, selling and operating

00:00

How to Survive the Vagaries of Oil Prices

CNN's John Sutter sat down with a wealthy friend who made all of his money in the oil business. Wild-canting is like going out and doing a lot of speculative kind of gambling, but by drilling holes in the ground. The economics work on wells, right? Like you have a big fixed cost and then unfixed upside,. So let's say, go just hypothetically, you spend $2 million to go drill a new well."

Play episode from 14:25
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app