You do realize that property and buildings are ALWAYS understated on the balance sheet... don't you?
you fail to realize the difference between market value and the balance sheet book value.. To JCP and shareholders, the value is what it is worth in the real world, don't you think??
Large subsea projects take years to develop.. A project starting now may sell its first barrel of oil two years from now.. And for 30/yrs thereafter... Those projects are not as sensitive as say a two weeks frac job in N Dakota
Armchair anonymous message board poster calling a self made oil billionaire an idiot... I guess it makes you feel good..
You just highlighted the enormous efficiency gains .. That is a massive positive.. Doing more with less.. Amazing how you twist that... DB