How to Buy Oil Wells for Pennies in the Dollar

Journey: I wanted someone kind of scrappy to go through all the listings and say, hey, copy, these are the good ones. Let's buy this one. And then once you buy it, you got to manage it and I really don't know how to do that. We started talking to geologists because I don't know anything about oil. They're like, why aren't you just drilling for buried treasure? That's fun. The goal of this business isn't to find oil. It's to make a lot of money. He bought Sand Ridge when its stock was trading at $1; he ended up buying almost 5% of the company with cash. Journey: