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Penn West Petroleum Ltd. Message Board

  • infinitidrivr infinitidrivr Jul 20, 2013 11:43 AM Flag

    Seeking Alpha and Recycle Ratio

    Although I would agree with todays article with respect to being long, I put little emphasis on the recycle ratio. Just because a company doesn't book new probable reserves relative to depletion doesn't mean they aren't there. Its a purely bookkeeping, meaningless metric. When a tree falls in the forest but you didn't hear or it see it doesn't mean it didn't fall.

 
PWE
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