10-03-2014, 12:25 AM
jft, I don't disagree with your sentiment about IOC being a great investment in the longer term.
I personally agree that E/A will get developed no matter how low oil/gas prices drop to. The current price fluctuations have no bearing on the longer term viability or profitability of the E/A deposit.
By 2020 or so, the global energy outlook will be totally different to what it is now, and I have high confidence the energy prices will be higher than even the highest prices we have experienced these last few years.
That being the case, it in no way changes my short term view that ALL oil/gas companies will have a very bumpy ride over the next 2 odd years.
Anybody who is going into oil and gas securities currently had better be doing it with the longer term view in mind.
I personally agree that E/A will get developed no matter how low oil/gas prices drop to. The current price fluctuations have no bearing on the longer term viability or profitability of the E/A deposit.
By 2020 or so, the global energy outlook will be totally different to what it is now, and I have high confidence the energy prices will be higher than even the highest prices we have experienced these last few years.
That being the case, it in no way changes my short term view that ALL oil/gas companies will have a very bumpy ride over the next 2 odd years.
Anybody who is going into oil and gas securities currently had better be doing it with the longer term view in mind.