Saturday, November 01, 2014 9:18:05 AM
Every oil company in the world does ROI analysis of the projects they do. If the ROI doesn't meet their hurdle rate the project is not done. When oil prices are down, revenues are down and that makes the ROIs lower. Fewer projects get done. Business 101.
Take Chad for instance. That may be marginal to start with. If you reduce revenues by 20% (which is what happens when oil prices go from $100 to $80) a lot of companies won't get involved.
Same goes for people investing in oil and gas companies and their stocks whether it be individual investors or institutions. Far fewer are going to invest during a period of declining or low oil prices. I really hope you can understand this because it is important.
So show us all the theoretical "statistics" you care to and then come back and look at what happens in the real world. Oil prices affect EVERYTHING oil companies do. And what it affects most is small companies trying to raise capital and get partners whether it is ERHC, HDY or any other company on the planet.
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