how many wells, page-4

capman is correct. It's all relative. If your CAPEX is high, but your revenues/profits are comparatively high as well, then thats your justification for such a big CAPEX. Thats what NPV analysis figures out for you. The NPV that BBY has carried out recently suggests that the current price is undervalued. In terms of getting the credit, I think energy companies will find it far easier to raise funds than say a retailer or a finance stock. Financiers are not stupid - they judge every borrower on their merits. If they see Linc as being a high risk borrower, then they'll charge them a higher interest rate, but they defintely wont be ignoring its potential for profits in this climate. Dont forget, financiers are always looking to get out of the mess they are in...not wallow in self-pity.