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modrepub

(3,943 posts)

7. Not a Trivial Point

Wed May 31, 2017, 07:21 PM

May 2017

I've seen analyses showing Exxon has not been able to replace its reserves, so in the long run the company can not maintain its production. It's also critical to know how much of the company's reserves are recoverable at different market prices. If most of the company's reserves cost more to extract than what's dictated by the market then the company is sitting on stranded assets and their bonds are worthless.

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Oh yes malaise May 2017 #1

Wow Ohioblue22 May 2017 #2

K&R smirkymonkey May 2017 #3

K&R... spanone May 2017 #4

Shareholders need to know if their investment is sound gratuitous May 2017 #5

Not a Trivial Point modrepub May 2017 #7

This is why they want in on the Russian Arctic oil... Wounded Bear May 2017 #12

Wow! Good for those shareholders. It's about time. CaliforniaPeggy May 2017 #6

Given that shareholder resolutions are non-binding mythology May 2017 #8

Awesome!! Thank you for sharing! bresue May 2017 #9

WOW. Sugar Smack May 2017 #10

29 years since the signal went up . . . hatrack May 2017 #11

K & R BadgerMom May 2017 #13

Double WOW!! Duppers May 2017 #14

Resistance is NOT futile central scrutinizer May 2017 #15

Oh, and in case you were wondering - it's a non-binding resolution - they'll "reconsider" it hatrack Jun 2017 #16

Thanks for posting! I was trying to figure this out. BigmanPigman Jun 2017 #17