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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (108113)	10/24/2014 1:58:17 PM
From: Elroy Jetson	Respond to of 219852

You'll find public firms like PBR and Chevron are not required to report proprietary information to the public, such as their break-even cost on offshore production in Brazil. That's why you Jacob Snyder and myself will not be able to provide anything other than the occasional public comment couched in language, like "lifting cost" which doesn't provide an accurate break-even cost, or an executives personal estimate which is not intended to be relied on by investors or others. I can tell you from personal experience that oil company executive's estimates rarely prove close to the mark as the people who actually know those figures are not allowed to talk to the press. The true breakeven cost of offshore oil production in Brazil will remain something of a mystery for another ten or twenty years. So public estimates will remain squishy. This is the level of public information we're dealing with: " Petrobras is committed to spending $102bn on development by 2018. It already has $112bn of debt. The company said its break-even cost on pre-salt drilling so far is $41 to $57 a barrel. Critics say some of the fields may in reality prove to be nearer $130. Petrobras’s share price has fallen by two-thirds since 2010. " August 11, 2014 telegraph.co.uk