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ReplyDeleteMe again, hey i had seen the Barron's article too, have been in this about a week........i can't seem to fully grasp Petrobank's financial situation - short/long-term debt, cash on hand, etc.........have you analyzed this component? Thanks!
cgiff
Have you looked at their most recent balance sheet ? Nothing complicated there. Best you have a read so you get comfortable yourself.
ReplyDeleteThey have very little leverage against their asset base (690 million BOE) and have cash flow via dividends from the two subs.