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Inconvienent truths are however. No new energy source is more efficient nor profitable to bring to market than fossil fuels. Oil, NGL and NG will continue to the majority of the energy consumed for the next 3 decades. I plan on cashing in on that and companies like MEMP and QRE who are willing to pay a premium to me for financing their vision of that future is OK with me.
Oil bounced around 100 on 10/21..drilling and production are growing, more and more elec cars are hitting the market and miles per gallon continue to rise..without a war or some other neg world event we may be about to see major oil price declines.
New stock pays a dividend yield of 10.99 % good stock to hold
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