Good day tsipperhorn.. about assets. The way I understand, current assets are valued on items that can (or expect to) be sold within a year. Such as oil in the tanks.
Other assets such as rigs, trucks, pumpers, ect., are valued at cost. My thinking is, this is the group land, leases and wells fall. Am I seeing this with clear eyes?
So the main problem now is that we really have no way to value the company when oil and gas prices move up and down.
Sales now become more important than ever.
I think I was accused of standing in the water with no trunks on while the tide goes out. lol I guess thats what the term "hanging out" means.
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