PICO - Blue Gold
T. Boone Pickens Invests in Water - Should You?
PICO Holdings (PICO) owns 134,130 acre feet of water rights in Nevada and Arizona, plus a small amount in Colorado. The company is constantly looking to acquire new water rights
Nevada and Arizona have among the highest population growth rates in the country and, subsequently, also have among the highest new home construction - both are incredibly bullish for the value of water rights.
PICO Holdings (PICO) owns 134,130 acre feet of water rights in Nevada and Arizona, plus a small amount in Colorado. The company is constantly looking to acquire new water rights
Nevada and Arizona have among the highest population growth rates in the country and, subsequently, also have among the highest new home construction - both are incredibly bullish for the value of water rights.
Water rights closer to end-users are worth more than water rights that are far away. Also, senior water rights are the most valuable kind. In some cases, there are several water rights on the same water resource. In these cases, the most senior right is the most valuable - because in the event of drought, it’s the last water right to go.
Look for the stock to return closer to $36-$37 before buying.
posted by Sleeplesserf at 2:30 AM
0 Comments:
Post a Comment
<< Home