Re: U.S. Gas Fields Go From Bust to Boom/ Lanman XOM or FO?
in response to
by
posted on
May 04, 2009 04:15PM
Developing large acreage positions of unconventional and conventional oil and gas resources
"then see our Treasury team throw it all away,and more,in a currency gamble"
It more like getting sideswiped than gambling. 2008 was a learning experience for most companies.
In all fairness to Falcon, the currency swings in the last 6-12 months have been extreme. The currency fluctuations lately tend to swing too far in either direction and will smooth out over time.
I would rather see 'my' O&G company focus on the items they can control such as the cuts in operating costs. IMO cost management is essential in the long term operation of a profitable company. You can be certain that the executives will be paying more attention to FX going forward.
Regards,
SD