RE:RE:RE:RE:RE:RE:About TBE
gohan_bcc wrote: Like to drill for $50 - WCS oil?
lol...
I'm kind of confused how in the 90's it was profitable to drill for "regular" oil at $20-$30/boe, and fracking wasnt worth it until prices hit $40/boe
then....prices hit $40/boe and the world began fracking....
how has the cost of drilling and producing oil come to the point where its not profitable even at $50/boe?
oh.....it didnt, its still profitable to produce oil at $40/boe...the market is just mad because the company isnt posting as high of profits anymore...
"We made $300million last year....then the oil market crashes and now...now we're only making $150million"
SWEET BABY JESUS THIS COMPANY IS TERRIBLE AND ITS GOING TO HELL IN A HAND BASKET! "Guys....guys....we're still making 1$50million a year...we're profitable...we've adjusted our spending for the year and we're fine"
NO! YOU'RE FAILING AS A COMPANY! EVERYONE IS GOING TO LOSE EVERYTHING! WHY ARE YOU DOING THIS?! the 300mil/150mil are just example numbers....not specific to TBE...just seems this is the way the market looks at ALL stock...and as a relatively new person to the stock market, thats just the most retarded mentality I've ever seen.