Pe calculations tax and debt Heya all, I found a report on Coastal that show's their debt levels growing:-
https://www.investorvillage.com/uploads/51958/files/ResearchCEN.pdf
well at least I think 70, (267), (440) means debt is growing. I could be wrong and it might mean that () round debt means cash.
I did some analysis of the stock and the only thing I don't like is the high taxation, seems to be 10% royalty, then deduct any capex then 25% pet tax on that, then 50% income tax on what's left. Capex is a good way of using profits to build the assets so the value of the company is increasing but still it's a heafty tax bill.
Note: I've never invested in an oil stock before, so I could be totally wrong about this!
https://docs.google.com/spreadsheet/ccc?key=0AqjoxmZ2-iJsdDBrekl2MHVUNllCR0d1S2wxX0lTaGc#gid=0