I do know however, that natural
resource companies, particularly the larger ones, are very slow to change their price assumptions on projects / assumptions (there are still
plenty of $ 50 - 70
oil prices being used in the industry for long term forecasts).
And trawling through a few boards, it seems like there are
plenty of people out there who believe they've got a well - diversified portfolio simply because they own 5 different
resource stocks (not all
oil stocks, you know; — RRB --RRB-!?! This idea's even more insane than the stocks themselves.