From: Bill Lucy 

In article , email{at}from_Gary_Britt.org says...
> I don't know, and I'm not sure how the ROCE figures are calculated (what and
> how they have included/excluded items) or what precisely ROCE is an acronym.
> I'm assuming slide 14 is on page 12 of the 35 page PDF file.
>
> That's why I have been saying the simplest way for us non-oil industry
> expert analysts to know what the expert analysts think of the oil companies
> earnings and profitability levels, is to look at the oil companies share
> prices and price earnings ratios.  If the experts on all of this industry
> jargon and accounting manipulations thought the oil companies were making
> higher than average profits compared to other companies then the oil company
> share prices and price earnings ratios would reflect that assessment.  Since
> oil company earnings per share aren't as high as most corporations,
> obviously these experts aren't all that impressed with the profitability
> expectations of the oil companies.


I think you should have stuck with the first phrase in the first paragraph,
Gary. Everything after that showed a fundamental lack of understanding.

 Just a slight hint -- "Experts" don't always rely on on earnings,
profitability, or P/E ratios in determining buying or selling of stock.

And, as John points out downthread, oil companies are doing quite well re:
stock price.

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