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

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LoneClone

To: Dennis Roth who wrote (179611)	8/6/2013 7:27:46 AM
From: Dennis Roth	2 Recommendations Read Replies (1) of 206158

Oil Insights Oil Companies - International (Citi) - Western Europe Big Oil Puts on a Poor Show, But Cost-Curve Winners Emerging 5 August 2013 ¦ 21 pages ir.citi.com Big Oil Puts on a Poor Show — 2Q13 earnings for the group were on average 9% below pre-close Bloomberg consensus estimates, with big names ENI, BP and RDS doing considerably worse. Rising costs, production issues and to some extent forex moves were the culprit. ROCE has dropped again QoQ, with an average of 8.5% now the lowest level of profitability in our 13-year dataset, despite the oil price remaining above US$100/bbl Brent.

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