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Aurelien
8 Comments
China North East Petroleum: Growth Confirmed, Stock Re-rating Anticipated
I for one would be very happy to see those figures in 2 years.
Royale Energy: Textbook Illegal Trading?
CNEH, an oil company I'm invested in, has $.38/share earning in the TTM, and is about to announce about $.20/share for Q2, but they are only trading at about $4.35 right now. So how exactly is it the market makers faults that your stock went back down to a more realistic price?
Drivers Are Feeling the Pinch
Why are you so focused on increased production of oil instead of using that money to increase research and development of renewable technologies such as wind and solar power? Every dollar spent on discovering and producing oil depletes the amount of oil we have left to use, whereas that same dollar being invested into renewables will bring us closer to true "energy independence".
Drilling for more oil in places like ANWR and off the coast of Florida may help keep you and your generation happy, but future generations will be feeling the pain of our shortsightedness.
High oil prices are the best thing that could happen to us, because it will force us to change our habits and get us to really concentrate on developing cheap renewable energy!
NYMEX: Speculators Aren't Driving Oil Market
Lowering Prices at the Pump
The Long Case for China North East Petroleum
The Long Case for China North East Petroleum
The Long Case for China North East Petroleum
Also, one question. Where did you get the information about the actual timing on costs for drilling each well. On the boards we all were understanding that the total cost was only about $320k, split up in the following way: $100k up front and then the remaining $220k split up evenly between the next 24 months.
What you explained was different and if it is the case I am very interested in changing it in my models.