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Gold/Mining/Energy : Oil & Gas Price Economics

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To: Razorbak who wrote (94)4/22/1999 11:11:00 PM
From: jackie   of 350
 
This actually makes sense because of its moderation. However, notice the focus on greater than 18.

Does this not imply the moderate level of oil prices should be at 18?

Once the GAAP rules are removed, the break even for the best of the oil and gas producers is 16. What does level of 18 per barrel suggest other than this should be 'fair' price for oil?

Regards,

Jack
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