Post by
TheRock07 on Nov 27, 2014 6:51pm
Low oil. Equals more valuable
Argentinas large shale oil resources will be severely impacted by low oil prices.
Shale oil is expensive to drill and have rapid production decline curves.
This makes Argentinas existing conventional reserves more valuable in terms of attracting capital.
Rpt have produce able reserves of gas close to 15 Mmboe .
Those now look very attractive.
Plus .,producing assets outside Argentina now are much cheaper should RPT want to exit Argentina.
Be patient here.
Value always Emerges