1) The increase from 80K to 270k or from 130/170k to 300/400k for rig/platforms would be meaningful for platforms producing 25,000 bpd or less. For platforms producing 40,000 bpd or more the increase from $55 per barrel to $110 per barrel more than covers the difference.
As stated accurately above "Oil and natural gas, in most cases, would be considered hard assets as well"; emphasis on 'most cases'. The majority of (actually all) platforms in the $400k range produce 40,000 bpd or more.
2) What newsletter are you referring to? The CrossProfit site is free without advertisements as well. ~~~~~~~~~~~~~~~~~~~~~~...
InvestorsLive.com,
Nice site. BTU is a long term long in our opinion. ~~~~~~~~~~~~~~~~~~~~~~...
kotika,
From our understanding of your comment, you seem to miss the point of the article. Perhaps you would like to expound a bit.
Distinction Between Hard and Soft Assets [View article]
Suggestion noted, thank you.
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Georealsit,
1) The increase from 80K to 270k or from 130/170k to 300/400k for rig/platforms would be meaningful for platforms producing 25,000 bpd or less. For platforms producing 40,000 bpd or more the increase from $55 per barrel to $110 per barrel more than covers the difference.
As stated accurately above "Oil and natural gas, in most cases, would be considered hard assets as well"; emphasis on 'most cases'. The majority of (actually all) platforms in the $400k range produce 40,000 bpd or more.
2) What newsletter are you referring to? The CrossProfit site is free without advertisements as well.
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InvestorsLive.com,
Nice site. BTU is a long term long in our opinion.
~~~~~~~~~~~~~~~~~~~~~~...
kotika,
From our understanding of your comment, you seem to miss the point of the article. Perhaps you would like to expound a bit.
CrossProfit