| 来源类型 | Energy Comments
|
| 规范类型 | 评论
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| Value or volume? |
| Robert Arnott
|
| 发表日期 | 2004-02-01
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| 出版年 | 2004
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| 页码 | 13
|
| 语种 | 英语
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| 概述 | The booking of oil and gas reserves is an inexact science. First, many technical variables need to be taken into account to establish the volume. Then, economic parameters are superimposed on this volume in order to calculate the ‘proved’ reserves that can be produced at current prices. This volume is then reported in the year […] |
| 摘要 | The booking of oil and gas reserves is an inexact science. First, many technical variables need to be taken into account to establish the volume. Then, economic parameters are superimposed on this volume in order to calculate the ‘proved’ reserves that can be produced at current prices. This volume is then reported in the year end financial statements and is widely accepted as gospel truth. So much so that, of all of the factors that drive share price movements, changes in the volume of ‘proved’ reserves have the most influence. It is therefore no surprise that, when Royal Dutch recently decided to ‘recategorise’ 20 per cent of its proven reserves base, the equity market reaction was so negative. |
| 主题 | Energy Economics
; Finance
; Gas
; Oil
|
| URL | https://www.oxfordenergy.org/publications/value-or-volume/
|
| 来源智库 | Oxford Institute for Energy Studies (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/312040
|
推荐引用方式
GB/T 7714 |
Robert Arnott. Value or volume?. 2004.
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文件名：
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Feb2004-ValueorVolume-RobertArnott.pdf
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格式：
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Adobe PDF
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