Oil Stocks are Taking a Beating — But in 10-K’s, Not So Much
January 23, 2015 by OSYB Staff
One doesn’t need to know much about the oil business to be able to figure out right away that the most significant event in the existence of an E&P project comes in the very early stages: the discovery of oil. But you couldn’t tell that from any income statement or balance sheet prepared according to GAAP.
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