Q: Peter,
The other shoe to drop on the O/G companies is the reserves.
The 4Q report, is it suppose to mark to market the reserves on an accounting basis? And at what price these reserves have been set $100 on average last year? So they will drop 20? 30? 40%?
I know it is a one to one situation, but in your opinion what is %$ the damage they can cause on the sector.
Thanks,
Claude
The other shoe to drop on the O/G companies is the reserves.
The 4Q report, is it suppose to mark to market the reserves on an accounting basis? And at what price these reserves have been set $100 on average last year? So they will drop 20? 30? 40%?
I know it is a one to one situation, but in your opinion what is %$ the damage they can cause on the sector.
Thanks,
Claude