David115, BOE is a well accepted industry guide, based on energy. Roughly 1:6. More of a technical goal post. Might have originated in the days when prices also balanced out. But now should not be confused as a pricing guide. Maybe govts like to know how much energy is being squirted out - Carbon tax, even. They are often together, as are different qualities of oil, condensate etc. Its a ball park number before final refined sale. BOE is often quoted in O&G reports, including financials. Nothing to get your knickers in a twist over. Cheers, Japes.
LNC Price at posting:
$1.63 Sentiment: Buy Disclosure: Held
