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the big guy

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the big guy

Re: Rawnoc post# 191466

Sunday, 07/22/2012 9:31:51 AM

Sunday, July 22, 2012 9:31:51 AM

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Seems to me that JBI is only now trying to fudge their way around the basic fact that "cost" includes the cost of invested capital. Their P&E is worth 4.5 Million on the books and they must have spent double that. In other words, they need to do a proper ROI ana lysis. I have been posting that for years. One last little tidbit: the "uplift cost" for conventional oil is $5 per barrel. Therefore, at best JBI is twice the cost of conventional oil.

We hope it is not when...

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