Big Dog's Boom Boom Room Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Dennis Roth	12/2/2004 7:46:45 AM
	of 206161

Smith Barney sees positive E&P reserve revisions Wed Dec 1, 2004 09:05 AM ET NEW YORK, Dec 1 (Reuters) - Smith Barney said on Wednesday it expects numerous positive reserve revisions from oil and gas exploration and production companies at the end of the year on much higher commodity prices. "Our analysis suggests that year-end reserve revisions track the changes in year-end commodity prices," said Smith Barney analyst Gil Yang. "Higher commodity prices improve the economic recoverability of older wells." According to Smith Barney, XTO Energy Inc. (XTO.N: Quote, Profile, Research) is the most likely candidate to make a positive reserve revision, as there is a strong correlation between the company's reserves and price changes. Yang said XTO's revisions in 2004 could add as much as 35 percentage points to reserve replacement. © Reuters 2004. All Rights Reserved.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next