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Saratoga Resources, Inc. Common Message Board

badmoon_ryzzin 1 post  |  Last Activity: Nov 27, 2015 5:52 PM Member since: Nov 25, 2005
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    Saudi Arabia's cost of production is 10.00

    by ibn8n Nov 21, 2015 3:16 AM
    badmoon_ryzzin badmoon_ryzzin Nov 27, 2015 5:52 PM Flag

    It doesn't matter right now regarding their cost - they have over $600 billion in reserves to tide themselves over... They save during good times knowing there will be bad times, unlike commercial oil companies that generally spend all their cash on cap ex and dividends during the good years, and then borrow during the down years...Saudi can outlast everyone and most importantly they know it.

SARA
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