Hmm it appears that the cost figures cited are operational costs only and do not including the cost of capital and the cost of debt. If your operation just brea

Hmm it appears that the cost figures cited are operational costs only and do not including the cost of capital and the cost of debt. If your operation just breaks even on operational costs, it does not have a long term future. Look at all the big shale producers, their stock prices are top left to bottom right. Burning capital. This is not going to last and can only continue in the short term because of near-zero interest rates. Zero rates allow you to kick the can down the road .. for a while. My model of these companies is that the product they are producing is not oil but the false promise of profits, sold to gullible stock buyers. Along the way some of the money is siphoned off as executive salaries and bonuses. Reminiscent of many of the dot.com / dot.scam outfits back in the 1990s.