Death comes to us all. Life's but a walking shadow | Remember our discussion concerning oil well breakevens. Here is a chart from Citi Bank evaluating oil companies investment prospects. It is hard to see but some of the North Dakota oil fields are located in the $55 to $70/ bbl. range.
PS: By the way the gist of this chart was to show the relative investment quality of some 300 oil projects in relationship to a $90 price of oil. It confirms what I have suspected for some time $90/bbl. is the magic number for oil investors. If the price of oil goes below $90 for any significant time investment in oil will dry up.
Edited by 1234 12/9/2013 05:33
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Tara, some breakevens for oil fields
