I need reassurance on 3 points no one talks aboutHere is another post that will enrage many. Cash flow is not that important, get over it. Its EPS and PE, get with the program. Like a restaurant.
Its the book value that is maybe the next thing analysts know about. We found out about the hedges,
hope we dont find out about writedowns which is maybe the nest big sucker punch financial news that happens often with dishonest companies.
Can someone reassure me ? At what oil price was the book value calculated please and are the assets old? This is the most crucial thing right now.
We know in commodities that price that goes under average production costs cannot stay there long (many months, not years like with the stupid hedges they took)), as we just went through, prices cant stay there form a strictly economic point of view, I believe the arabs when they say oil will stay around $7, that sounds right for average world production prices. Was the book value calculated at that price?
Second question, another broom handle in the rectum that sometimes happens is a tax charge they delayed and nobody understands, Does anyone know if there could be such a charge? I am concerned with this low price not rebounding that this could be another bestiality tape lying on the floor of that closet CPG keeps.
Third question, can shale be profitable?
Can anyone please be reassuring on these points? and please dont mention cash flow titties again to me and neither do I want to hear about debt, those are nothing factors while oil stays around these prices which it will.
Yours very truly and enjoy the potential hope we could have if this stock has indeed showed all of the bodies and where they are buried. I hate those kinds of companies. Tell me this wont happen