LNC is not strong financially neither is it profitable.
By the companies own announcements it's losing money each quarter called cash burn...........
Which part did i get wrong!
George 72
And as for the hedge on oil. The total production that was purchased originally was hedged obviously you can not hedge what you have not found yet otherwise the term would not be hedge but shorting oil.
If and only if production increases this will have a benefit to LNC provided that the cost of extraction is not excessive.For the main Oil is not a winner for LNC.marketing is still their strongest suit or division.
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