Claren Energy Corp (CNENF)

[Hamilcar54]

Everyone can understand the fact that falling oil prices also reduces the market value of the reserves that can be proven and in such impacts stock price of the company, this is only logical.

As of today, Brent oil seems to have stabilised at 70$, citigroup says oil will average 80$ in 2015.

Since the cost will be 25$ per barrel then even if oil drops to 60$ or lower then there will still be a very nice profit per barrel.
Also don't forget that they get an extra 10% premium next to Brent prices.

The falling oil price is something to pay attention to but it will not stop their current drilling plan.