Another interesting quote from an article about BHP:
"As the oil price tanked in 2014, BHP dumped a chunk of its holdings in the Texan Permian basin for just $US75 million to an outfit called Silverback Exploration.
As the hedge fund Elliott Management pointed out in its scathing critique of BHP, Silverback sold the same reserves last year for $US855 million as prices started to recover.
A 10-bagger in two years is a pretty handy return.
BHP would argue you can't take that in isolation without looking at its pioneering exploration of the Wolfgang Horizon in the Upper Delaware.
The acreage was picked up for around $US200 million and now is valued at around $3.6 billion."
Flipping acreages certainly appears to be paying off for those above!
Another interesting quote from an article about BHP: "As the oil...
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