What We're Reading

breakeven (1)

Admin

Breakeven Price On Oil

It's been bandied about a great deal lately so I thought I would post these graphics from CNBC to make things simpler to understand.  Clearly some drilling projects require higher prices to remain profitable while others, maybe not so much.  To explain a little on the price spreads, it all comes down to "when" each project was established where older ones may be require updating technology speaking and higher maintenance costs where newer ones are utilizing higher-tech equipment and can operate at a lower price on oil to break even.   Cost is also affected by how deep they have to drill to reach oil and how many barrels per day it puts out versus how much you invested in the well.  Clearly Saudi Arabia has the advantage but as they do, they drain their cash reserves (as does everyone else).…

Read More, Comment and Share......

We welcome you to post a blog entry, oped or share your daily reading with us as long as it is relevant to the topic of investing and not an attempt to sell a product, proprietary strategy, platform or other service. Please provide links to any research data and if re-posting other articles, give credit where credit is due providing a back link to the original site.

300 words minimum per post. You may also sort by category or search by topic. Don't forget to comment and please "share" via Facebook, Twitter and Google+. If you have any questions, please contact us.

FOLLOW STOCKBUZ

__________________

This is a member-supported site. Please donate when you can to help pay the rent. Thank you!

Stay Informed. Sign up for the FREE StockBuz eNewsletter

________________

Investing involves substantial risk. All content is subject to StockBuz disclaimer.

Create Income With Option Spreads

All content on StockBuz.net is subject to disclaimer and Terms of Service