RE:And yet ANOTHER Example of More PURE BS
the oil industry will have to go thru what the gold miners did and come up with an all in cost of production at some point. it is bs how they come with some of these numbers. the gold producers used to have these rosy numbers always way below the price of gold but they never made much if any money, finally they were pretty much forced by analysts and lenders to come up with basically an all in cost including capex etc.
i emailed iae management and ir 3 times about a week ago asking a question about their rbl, I never did get a response from any of the ar$eholes. I emailed their guy at rbc and he responded with my answer the same day.
you go back a couple of years and there are multiple times management has imho misled investors and no been forthright with situations. you would always have to wait till the quarterly report to get solid info and usually there was a not so pleasant suprise. I still don't trust them.
if this is such a great deal why was les the only management person to buy any stock?? look at many other beaten up intermediate oil cos. with a decent balance sheet and you can see mulitple buyers at these lows.
cheers ferret