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Thanks for your reply and helpful comments. Forgive me if I'm revealing my ignorance here but by drillers it sounds like you're talking about big players like BP et al who would have the massive reserves you mention. Is there a digest or resource out there that would provide the information regarding who is sitting on such a reserve or must one "keep one's ear to the rail" so to speak?

my understanding of the theory you explained is that a company with ready reserves would not have the additional expense of producing more oil as the demand picks up, and therefore their individual stock price would go up as they have more oil to sell (low cost of production plus higher price = more profitable). Seems logical. I got the feeling your theory assumed a long term hold of the stock (a few years) In your opinion is there a short term play that you can get into and out of as the gas prices ebb and flow over a six to eight month period?

Thanks! I'm just getting back into paying attention to financials after wandering the Earth for a while.

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