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InterOil Corporation Message Board

  • pickboone pickboone Jan 31, 2013 7:04 AM Flag

    Shell eps report this morning demonstrates why they and the other majors want IOC's resources

    From NYT: "In another disappointment Shell estimated that it only replaced 44 percent of the reserves of oil and gas that it produced in 2012. That indicated that the company’s exploration effort, despite increased emphasis and spending in recent years, is still not performing well.

    The capital investment forecast for 2013 was increased by 10 percent to $33 billion — another worry for the markets, as it suggests that Shell may be having trouble controlling costs."

    Sentiment: Strong Buy

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44.65-2.14(-4.57%)Mar 4 4:02 PMEST

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