Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (69678)	6/17/2008 1:01:28 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 74559

Chevron employs the best drilling engineers in the world and has drilled the deepest offshore well in the world. Chevron could easily fund a project of this size out of cash flow - possibly even with their cash sitting in short-term treasury investments. Elmatador, you are an exceedingly naive fellow, who is obviously desperate for attention. Chevron has just enough long-term debt to maintain a top credit rating. This amount is equal to less than 75% of their cash deposits. Their entire long-term debt could be paid off at any time at a moment's notice. Chevron has always been a financial powerhouse with no debt of any consequence. On the other hand PBR obviously lacks the capital and expertise needed to drill offshore, so they rent rigs. Or perhaps PBR has little faith in the viability of their production area. .