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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Eric who wrote (74170)	1/12/2017 11:52:20 AM
From: Brumar89	Read Replies (1) \| Respond to of 86355

Costs are all over the place. They vary from company to company, from field to field, and operator to operator. AFA XOM, the best of the big oil companies, is concerned: ... the company has been able to keep per-barrel production at roughly $20 over the past five years - an industry low (Chart D). I believe this feat puts Exxon in a stronger competitive position compared to its peers, especially for as long as oil prices remain low by historical standards. seekingalpha.com For COP: The company has actually shown that it has the lowest cost of supply in the industry. This is the reason why ConocoPhillips can still make money on its oil production even with the oil price as low as $40 per barrel. ConocoPhillips also demonstrated that it owns a stake in three of the lowest cost oil sands projects in Canada, as measured by the steam to oil ratio. In conjunction with its partners Cenovus Energy (NYSE: CVE) and Total (NYSE: TOT), the production of oil is possible for as low as $35 per barrel, which allows for considerable cash flow even with the lower oil price. seekingalpha.com seekingalpha.com I mention these companies because they're in the energy portfolio in the thread header.