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Gold/Mining/Energy : NGL to da moon (well, maybe to $10?)!!

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To: Elroy who wrote (74)4/19/2024 9:28:32 AM
From: FIFO_kid2  Read Replies (1) of 102
 
It would be much easier if you look at the FRMO's 3rd quarter transcript but basically what it said is the renumeration for those who store produced water from oil and gas operations has gone from 40 cents a bbl to $2.50 with no costs to do so that is a 500% increase as it is injected into the land and that water in a dry region is an asset. Perhaps that is the main reason why the company has become a money machine with its very high free cash flow.

I wish this company would just ditch the MLP structure.
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