RE:RE:RE:RE:RE:Did SU pay back $3.6 billion and $1.8 billion? $5.4 billion?TheCrazyAcct Just to add to this.... if USDCAD stabilizes here going forward, there won't be any new negative adjustments. Or they could actually reverse if the CAD strengthens as MigraineCall pointed out. It's a double-edged sword. FX trends tend to last many months, but when the US Fed does finally pivot, and if oil prices hold up until then and the Can govt doesn't announce big new deficit spending (I mean how much can they really do), then expect CAD strength to return... maybe slower than in decades past, but return nonetheless. Patience on that front is required.
RE: Your statement that "Regarding net debt, lets assume that the $3.6B repayment came out of cash on October 1st. Cash is included in the calculation of net debt.. therefore there is no impact to net debt." This may be true on Oct1, but since cash continues to stream into the coffers at an astounding rate, by EOY the impact on net debt will be clear as blue skies.