Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Everyone knows J. Paul Getty's formula for success: rise early, work hard, strike oil; and pretty much everyone I know in the oil business rises early and works hard, some of them even strike oil. So it's hard to find many oil folk who don't believe in the quote, of course the tricky bit is the last part of the aphorism. Striking oil generally requires a decent dollop of good fortune as well as brilliant geoscience and that elusive material, money; however when we do strike oil these days we generally manage to keep it in the well, unlike these pioneers in times past who needed to have a decent turn of speed when they struck oil.
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Comments
Striebs
Really enjoy your articles Steve .
It is Ironic that innovation could be a casualty of the current down turn and as that elusive material you talk about becomes more scarce .
So many companies adopt ill conceived methodologies which virtually guarantee mediocrity .
Please tell me the term “Decomplexification” was intended to be a joke .
Dr Fiona Mclellan Stewart
How dare you not ramp Xcite Energy? I will have you reported to that fool who is the MD.
Dr Fiona Mclellan Stewart,
(known to many as “mclellan”)
Uppingham, Rutland