Misund, Bård; Li, Bin - In: Cogent economics & finance 6 (2018) 1, pp. 1-18
This paper examines how oil and gas companies’ reserves growth affects their share price returns. In particular we … examine three issues affecting the relation between reserves changes and oil and gas firm returns. First, we examine if … gas reserves do. Third, we examine the impact of the Shale gas revolution and the subsequent oil and gas price divergence …