The biggest gains in oil and gas often happen before the wells are even completed, here is why.
It starts with raw land.
The government releases mineral interests.
At that stage, there is no activity.
No wells.
No development.
That is why it can sell for as little as a few hundred dollars per acre.
Then something changes.
A major operator steps in.
Plans to drill.
Starts developing the area.
Now the value shifts.
Just like real estate, development drives price.
The same land that was selling for a few hundred an acre can jump to thousands per acre once drilling is underway.
That is where early buyers win.
They acquire before the activity.
Then sell into the demand once the project is de-risked.
It is not speculation.
It is timing and positioning around development.
What stage of investing do you usually enter, early or after things are already moving?