Wealthy individuals or corporations looking to expand their investment portfolios might consider oil investments to be a lucrative choice – and they can be extremely lucrative, to the right investors. Keeping yourself educated on the changes in underground oil reservoirs and channels both on land and offshore can help you make your investment decisions properly. There are many news sources that can offer up to date information on oil and energy changes including Marketwatch, Rigzone, and the Oil & Gas Journal to name just a few.
Determining potential investment areas
Following the news can help you determine what location might be worthwhile in investing towards oil drilling. While no one can tell where oil will originate next, educated guesses can be helpful in providing a general idea of what may or may not pay out. For example, by following the Rigzone news a person can see that in February 2015 two offshore drills in the North Sea were considered dry and will be abandoned. You can use this information to decide whether or not investing in offshore North Sea drills is worth your time and money. On the one hand, it could mean less oil in that area – or on the other hand, it could mean fewer spots to try to hit the major reservoir.
Keeping up with Global changes
Your investment interest may be in the drilling stage, or it could be in the stock and shareholding stage; regardless, you should keep up with the price changes around the world. Oil comes from several countries and the prices fluctuate often. As a stockholder in crude oil, you need to know when local barrel prices may plummet or rise so you can adjust your holdings accordingly. There are numerous online sources for up to the minute information on price changes in Canada, Saudi Arabia, Venezuela and Russia among others including websites such as NASDAQ, Bloomberg and the EIA.
Should you consider an investment?
This is something only you can answer, but for wealthy individuals and corporations willing to make a minimum investment of $90,000 it can be a very lucrative business. Whether you decide to invest in a single drill or multiples across different states, you stand to earn an outstanding return on your investments through pure income as well as tax advantages.
If you’re considering an investment in oil drilling, be sure to stay up to date with the oil and energy news through Oil Boom USA.
