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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: hoyasaxa who wrote (38968)	8/26/2010 12:44:10 AM
From: Spekulatius	Read Replies (1) \| Respond to of 78476

re STO - what large cash account are you talking about. According to my source (right from the horses mouth) the net debt to capital is 27%, meaning that their net debt exceeds their cash quite a bit. Having their cash in Krona while their debt (which exceeds debt) in Krona as well does not help them at all, in fact it would hurt them. Again there is no way around that - if you get paid in US$ (as every E&P does unless it has to sell in regulated markets) it would want to pay their employees and suppliers in the crappiest & most worthless currency possible to maximize their profit.