I am not sure exactly how it works but I think the oil is sold to the carrier ( say Glencore) at a discount for a immediate full or part cash payment on delivery This solves the problem of liquidity and there is no need to dilute company shares
The rise of PSA, page-6
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)