Berman Again

Searched site and didn't see this link.  Bottom line Berman is basically accusing the major shale players of fraud (IMHO).  He even compares them to the failed banks' bad behavior in the comments.

 

A few commentors take him to task:

 

http://www.theoildrum.com/node/6229#more

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Replies to This Discussion

Permalink Reply by RBH on February 23, 2010 at 13:07
Did anyone attend the conference and/or knowledgeable on issues page 34 of attached pdf as per the Haynesville.
Attachments:
Permalink Reply by drilltheshale on February 24, 2010 at 4:49
Maybe ad nauseum, but very appropriate. Thanks.

Jay, my apologies for bringing this guy up again, maybe I should have just left it alone.
Permalink Reply by DJG on February 24, 2010 at 0:14
Pretty insightful commentary on some of the flaws in Berman's analysis via the Open Choke blogsite:

http://openchoke.blogs.com/open_choke/2010/02/berman-gstein-and-the...

Disputes the accuracy of Berman's assessment as his method of using normalized average production numbers to project EUR's is fundamentally flawed as it does not factor in the basic concept of productivity improvements over time as each O&G figures out the science of this play.
Permalink Reply by king john on February 24, 2010 at 0:48
i find it intresting that xom, is or was, one of bermans clients prior to making the bid for xto.
kj
Permalink Reply by DJG on February 24, 2010 at 3:54
KJ, You're killin' me with that new avatar photo. Too funny.
Permalink Reply by Skip Peel - Mineral Consultant on February 24, 2010 at 4:51
I think I can stand it unless kj changes his site name to Hot Dog!!! Then I would have to protest! LOL!
Permalink Reply by BirdDawg, plain ole' idiot on February 24, 2010 at 4:52
Cracks me up too.
Permalink Reply by drilltheshale on February 24, 2010 at 5:02
That's too cool.
Permalink Reply by king john on February 24, 2010 at 6:04
thanks guys, i thought it was pretty funny too. i have an even funnier one im gonna switch to some time later. so what do y'all make of xom being on bermans client list?
kj
Permalink Reply by om28v on February 24, 2010 at 12:15
He got $10.00 worth of gas at an Exxon station once? Maybe aired up a tire?
Permalink Reply by drilltheshale on February 24, 2010 at 12:10
Very good article DG, thanks.

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