It's farcical to say LNC is making money on oil production only !!
What about the massive admin cost
What about the massive borrowings that support this oil flow
You're telling one bit of the story which is similar to politicians talk. The gulf coast assets are worth less than the borrowings against it and that's why LNC will not make the next interest payment and default and walk away !!
So who cares about oil production profit only you probably !!
LNC Price at posting:
99.5¢ Sentiment: None Disclosure: Not Held
