szaba You are right, the US oil cash flow does look marginally positive but only after stripping out $60M of Alaska costs, $34M interest per year for the $265M Us bond and $29M per year for the US Admin costs that are now shown in the main head office costs.
Had they instead invested $500M in Corporate bonds they would be getting over 8% in Interest ($40M interest per year) and they would be sitting on a big capital gain on the bonds as they have rallied in the last year.
LNC Price at posting:
$1.44 Sentiment: Sell Disclosure: Not Held
