Dazed, 10% is a bit high but even if you invested it in corporate bonds at 6% you would net $1.5B in 20 years so I agree with your logic.
You could also apply this logic to what linc has so far spent on the US oil, Alaska and Shale. Had they invested this all in Corporate bonds at 6-8% they would be sitting on heaps of cash now and they would not have any debt ($265M of which is costing them 12.5%).
If I get time I may try and do the calculation as it would be very interesting.
This money could then of been used to develop Teresa and UCG and they would still of had the royalty to look forward to.
LNC Price at posting:
$1.53 Sentiment: Sell Disclosure: Not Held
