Nick the Greek Posted December 12, 2014 Share Posted December 12, 2014 Pegula cashed out of shale lands in Ohio and W. Virginia for $1.75 billion to finance the purchase of the Bills. We all know that. However, this move is starting to look more and more brilliant by the day. Look at gas prices. They are PLUMMITING. And OPEC has said they are not going to cut production of oil, as to take on the hydro-frackers in the USA as fracking is an expensive way to produce oil. The drop in prices will hurt them big time. It’s safe to say that the value of that land he sold is dropping like a rock. He couldn’t have timed it any better. This is good karma for Terry for saving the Bills. http://www.bloomberg.com/news/2014-11-27/opec-policy-ensures-u-s-shale-crash-russian-oil-tycoon-says.html Link to comment Share on other sites More sharing options...
GaryPinC Posted December 13, 2014 Share Posted December 13, 2014 Pegula cashed out of shale lands in Ohio and W. Virginia for $1.75 billion to finance the purchase of the Bills. We all know that. However, this move is starting to look more and more brilliant by the day. Look at gas prices. They are PLUMMITING. And OPEC has said they are not going to cut production of oil, as to take on the hydro-frackers in the USA as fracking is an expensive way to produce oil. The drop in prices will hurt them big time. It’s safe to say that the value of that land he sold is dropping like a rock. He couldn’t have timed it any better. This is good karma for Terry for saving the Bills. http://www.bloomberg...ycoon-says.html Probably a good time for him to buy some more fracking land... Link to comment Share on other sites More sharing options...
Nick the Greek Posted December 13, 2014 Author Share Posted December 13, 2014 Probably a good time for him to buy some more fracking land... Buy low.. you know gas cant stay low forever right? Link to comment Share on other sites More sharing options...
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