"the daily route had under-performed for years" - um....I guess this indicates the route was under-performing even when POO was over $100..... other carriers are still flying. capital controls are unlikely to remain once the POO has settled and budgets adjusted.
Dig deeper, I wonder what will be the topic of concern today?
Yawn, yes sleep on. International airlines cutting their routes as they cant get their currency out. United Airlines service from Houston pulling out completely. Oil production near a 27 year low.....yawn. Now tuck yourself up and put some Calpol on the soother.
only tangled and complex for those with limited cerebral ability I guess.
i think it would be very worrying for SLE if they had bought into a venture in Kurdistan were the KRG is not paying the operators their full dues - however Nigeria, for all its faults, has had a functioning oil industry for many years that has had issues but continues to function - and operators continue to be paid. This current spate of sabotage will last a bit and then disappear as these things do and then there will be some other issue - but Nigeria will still pump and export oil and operators will still get paid and the informal economy and the informal wealth redistribution will continue....
yawn - it would be great if you could post something relevant and interesting, but perhaps a challenge too far.
"corporation can use such a vehicle to finance a large project without putting the entire firm at risk. Problem is, due to accounting loopholes, these vehicles became a way for CFOs to hide debt. Essentially, it looks like the company doesn't have a liability when they really do. As we saw with the Enron bankruptcy, if things go wrong, the results can be devastating."
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