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

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To: isopatch who wrote (184110)	5/29/2014 2:01:28 AM
From: upanddown	Read Replies (2) of 206179

"The list of companies that are financially stressed is considerable," warns one analyst as shale debt has almost doubled over the last four years while revenue has gained just 5.6%" ISO, the number that really caught my eye was the 5.6% revenue increase in four years. That is mathematically impossible, at least in the Bakken. From state of ND..... Oil production 03/10 277610 BOPD Oil production 03/14 977061 BOPD An increase of approx 250% dmr.nd.gov Oil prices 05/10 approx $77.00 Oil prices today approx $103.00 An increase of approx 33% nasdaq.com How could those numbers possibly add up to a 5.6% revenue increase? The major players in the Bakken have had vastly higher revenue increases over the last four years. This is not to say that everyone is a winner there. Lots of players with marginal land are not going to make it. It also appears that many companies are on a financial treadmill where their spending is always outstripping their cash flow but still, this stupid hit piece doesn't shed much light on anything.

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