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Intel Corporation Message Board

cweby 1 post  |  Last Activity: Jun 27, 2014 1:48 PM Member since: Apr 16, 2012
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  • cweby cweby Jun 27, 2014 1:48 PM Flag

    I have worked in the Petroleum Industry for 35 years and I understand the topic of net profits as I worked with documents before and understand the implications.
    What is not being be properly valued is the minimal amount of drilling that XOM is doing due to the fact as they only have a 20% working interest in these properties. Exxon will spend much more time on their OTHER leases in their portfolio and will continue to ignore these properties. Eventually this property will be sold and another owner, will initiate horizontal drilling on all of the acreage, which because of these leases being historically old, it would not surprise me if the current wells hold the acreage at all depths, so a new operator could test more zones.
    My thoughts are that will the gentleman can make the point that at current time SEC documents might show lower reserves or value, but at this time also the value or potential of future wells needs to be considered. I welcome comments.
    Happy Investing

    Sentiment: Hold

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