05-05-2015, 09:24 AM
KenBob, interesting comment and, at first glance, may be a factor that should be taken into account when looking at valuation. How do you handle it when a well proves itself and boosts the company's reserve balance? Go back to valuing it as a regular company?
I always assumed that as proven reserves kept dwindling, the majors would branch out more into alternative energy sources. Maybe they have to some extent but it really isn't large enough right now to have a noticeable affect on the income statement or the balance sheet.
I always assumed that as proven reserves kept dwindling, the majors would branch out more into alternative energy sources. Maybe they have to some extent but it really isn't large enough right now to have a noticeable affect on the income statement or the balance sheet.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan