'Tusker' pid='69500' datel Wrote:This reader has decided, the use of Canadian Dollars is to mislead and conflict shareholders whom are not familiar with converting international currencies. All the more obvious, given oil is traded in US Dollars.
You are right about introducing confusion, but this group is only following past practice. The circular for the 2013 AGM did the same thing, using 2007 as the base year and using a monthly exchange rate. In that graph IOC wildly outperformed the indices.
I do note that the data table showed for 2007 each measure adjusted to C$100 as the graph shows. Somewhere along the line they began to show in the table only the S&P adjusted to C$100. I haven't bothered to check if the other base year data are simply the raw figures unadjusted or what? Maybe it's just lousy proofreading, but they should have caught the error when they decided to include Brent as a "comparator." Personally, I have never found these sorts of presentations very meaningful.