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Re: emdyal post# 315922

Thursday, 05/05/2016 7:20:54 PM

Thursday, May 05, 2016 7:20:54 PM

Post# of 361526
Geological calculations are precisely what drives oil and gas company share prices. Chances of success on a well are geological calculations. Resource estimates are geological calculations. Proven reserves are geological calculations. Probable reserves are geological calculations. Possible reserves are geological calculations. Those are the building blocks for the valuation of every oil company on the planet.


I understand that traders want companies to trade on fear and greed and they try to take advantage of those who believe it and use that to take profits. I don't believe it and neither do any other real investors.