Where do I sign up?
Category: Oil & Gas...
Posted Tuesday, December 13, 2005 at 08:43 AM [GMT-6]

Barnwell Industries Inc.'s latest press release detailing its quarterly earnings has nothing of particular interest to catch one's eye, other than the fact that it originates from Honolulu, Hawaii. A quick jump to the company's website reveals that its corporate headquarters are, indeed, located in Honolulu, even though the bulk of its earnings are derived from its oil and gas operations which are managed from Calgary, Canada.

I realize that it's not unusual for corporate HQs to be remotely located from the actual production, although this tends to be the case much more often with major corporations rather than small independents. But I think Barnwell has set a new standard for working both ends of the geographic spectrum. I'm thinking about buying a few shares so I can have a reason for attending the annual stockholder's meeting.

Permalink
Comments

Wow, that's a blast from the past. I used to trade Barnwell stock for my own account and those of some clients when I was a stockbroker for the first time in the late 70's. Made some money as I remember.

I notice a good reason for Barnwell being HQ'ed in Honolulu....a major developement on the Big Island. However, I'd be a little leary. There expansion acreage appears to be smack dab in the middle of a recent lava flow.

Posted by: Wallace-Midland Texas at December 13, 2005 03:25 PM

Small world, isn't it? Did you ever make any of their stockholder's meetings? ;-)

I suppose it's possible to lose money in the Hawaiian real estate market, but it probably takes something like a volcano to do it.

Posted by: Eric at December 13, 2005 03:47 PM
Post a comment [Take your time...we're in no hurry.]
Note: You must provide either a website URL or an email address...but there's no rule that says you have to tell the truth. If you don't want your email address published on this site, just input a website URL, or make up an email address.









Remember personal info?