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Re: humbletrader post# 819

Tuesday, 06/21/2005 10:31:51 PM

Tuesday, June 21, 2005 10:31:51 PM

Post# of 44006
humbletrader, thanks for chiming in. I’m sure you realize that there are many kinds of oil and just because the WTI futures approached $60 it certainly doesn’t mean that AMEP will be booking that kind of revenue. In fact, in the fourth quarter Production Resources apparently net only $31.20/barrel (which actually is pretty good). We don’t know the average selling price they received -- or much else about the financial basics (revenues and expenditures) of any of the AMEP investees for that matter -- since the company (companies) chooses not to share such information. Still, your point that the benchmark has been hitting new highs for pretty much the past 3 – and certainly the past 1½ – years is a good one. So if the correlation is so obvious, why has AMEP been making new LOWS during the same period? Unless there’s a little bit more to it? Maybe? Ya THINK?

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