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Wednesday, January 29, 2014

This Story Came Out Before The News That Someone Paid $34,000/Acre In The Bakken

A contributor over at SeekingAlpha looks at Surge Energy, KOG, and Halcon.

Disclaimer: This is not an investment site, but some days I wish it were. Having said that, do not make any investment decisions based on what you read here or what you think you may have read here.

For those who come here for investment advice, President Obama is hoping to initiate the plan that President Bush II proposed but instead of common stock, President Obama will ensure the full faith and credit of his administration, guaranteeing a fair return, let's say 2% on one's money. The Fed's inflation target is 2% so this will work out just about right. Again, this is not an investment site, and I do not know the particulars of the president's plan which he has cleverly called "myRA." 

It's better than nothing (some say). I did not say that. This is not an investment site. By the way, the maximum balance of $15,000 looks ridiculously small, but it appears once one gets to $15,000, it is expected that one would roll that over into a private sector IRA. This sounds like President Bush II's plan -- done a bit differently, but essentially the same idea.

Halcon presentations can be found here. A big thank you to a reader. 

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