059: Why I Made A 5% Bet On Pedevco
After Dinner Investor | Value Investing Podcast On The Hunt For No-Brainer Stock Investments
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How Do I Lose Money?
The company is drilling for oil and gas in the Gulf of Mexico. They have a strategy to buy out other companies that are trying to sell at good prices. But they could lose money if their reserves become too low, below 40 dollars per barrel. The CEO owns more than 60 percent of the company.
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