It could increase our reserves by 50 percent and be worth over $15 billion.
We also need to increase our reserves of oil and natural gas.
The company's action may pressure other insurance companies to increase their reserves.
There may be pressure, they said, for other banks to increase their reserves as well.
The bank increased its reserves for bad loans by $265 million during the quarter.
The change will most likely force the banks to increase their reserves to cover loan losses.
Apache said they would increase its reserves, which are at about 270 million barrels of oil, by 44 percent.
"The prudent action is to increase further our reserves in the fourth quarter."
With the banks being made to increase their reserves, where is the money going to come from in order to stimulate this projected growth?
Personally seeing an underdog win a race wouldn't really increase my personal reserves of hope one bit.