Misund, Bård; Osmundsen, Petter - In: Cogent Economics & Finance 5 (2017) 1, pp. 1-17
probable reserves, thus leaving out potentially important information for investors and financial analysts. This study … that do disclose information on probable reserves, we compare the relation between three classifications of reserves and … oil company returns. While we find that information on probable reserves do not have an impact on stock returns measured …