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Old 02-08-2012, 05:55 PM   #16
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Re: Western ND Oil Boom - Opportunities

Quote:
Originally Posted by dc_publius View Post
Everyone is killing it because they got in pre-boom at pre-boom prices.

Starting anything now, has extraordinary costs associated with it.

The question of this thread is how to capitalize on the extraordinary gains, without running into extraordinary costs... Like selling campers...
To sell them out there, you'd ideally need a piece of dirt to set them on. From there, you could probably do alright word of mouth/craigslist. But keep in mind, it's still a competitive business, because these guys will buy over the internet and have stuff shipped in. Housing is in high demand though so that's the direction I would try to go.

The problem with the bar idea is that these people are ROUGH to deal with. No offense to anyone out there, but these guys make a TON of cash, and when they get to kick back, they party HARD. Drugs and prostitution in the back HARD.

Plus the entry expenses have sky rocketed.

If you don't mind the long hours and the hard work, go work in the field and make $100-200k a year. But be forewarned, it's not easy work, and you probably won't last long.
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Old 02-08-2012, 06:36 PM   #17
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Re: Western ND Oil Boom - Opportunities

^^^having lived in Fargo ND my whole life until recently, and knowing people that work out there, i can attest to this (being super general of course). Def possible to make some bank I'd imagine, but expect lot of problems from these roughneck types that just came into a lot of money if your thinking a bar, these types of ddues do not play nice.
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Old 02-09-2012, 12:26 AM   #18
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Re: Western ND Oil Boom - Opportunities

i'm starting a job monday working for an e&p company that is looking to expand their play in bakken. the company has several units but all are natural gas except the group i'm working for.

hopefully i can get in on the gold rush from a computer desk at the corporate office lol
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Old 02-09-2012, 02:16 PM   #19
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Re: Western ND Oil Boom - Opportunities

http://www.inforum.com/event/article/id/350157/
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Old 02-09-2012, 03:44 PM   #20
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Re: Western ND Oil Boom - Opportunities

i'd say portable housing is way to go. some sort of industrial tents?

also, r there dollar stores there or is rent too high? maybe portable flea market/dollar store? sell popular dollar tree/trader joe's items?
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Old 02-09-2012, 03:48 PM   #21
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Re: Western ND Oil Boom - Opportunities

I'm sure there are still opportunities in ND but the real question is where is this going to happen next?

I don't know how someone would find that out but if you could and then take advantage of the low property values in the area it seems that would be a good opportunity to make money.
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