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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Mr.Gogo who wrote (46673)	2/18/2012 2:01:03 PM
From: Spekulatius	Respond to of 78470

I am not sure if they cheat or not but we are talking about proved reserves that are independently valued by one of these firms that do this for a living. Of course there are those that are conservative and those that are not. UPL just published their numbers in their 10K, so I think we can take these for face value Except for he disaster with Shell, I am not sure I heard much about issues with reserve reports for larger companies like UPL, the issues are more with unproved and project reserves that microcap E&P are often using get speculators interested.