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Strategies & Market Trends : Value Investing
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To: Harshu Vyas who wrote (74897)1/22/2024 10:59:22 AM
From: Paul Senior  Read Replies (1) of 78748
 
CNQ. Quote is directly from Barron's.

"(adjusted) proven reserves" "I think oil companies are one of the easier industries to use rough forecasts because you are given a lot of the important information. The total oil reserves,..."

I've found "forecasts" not to be helpful. Also relying on "oil reserves" which consist of proven producing, proven not producing, and probable has not been helpful to me, especially if management assigns a value to these barrels.

If you believe your methods work for you though, that's all that counts.
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