Superior Settles foreign currency contracts
is This is really interesting. Prior to this quarter they had these rates (with the latter one being the current price) 2015 1, 2016 1.10 2017 1.15 2018 1.2 2019 1.2, Realizing the Canadian dollar was going down the paid 28 million to adjust 2016 and 2017. Those two values are now 2016 1.3 and 2017 1.3. If I understand this right they should make money back going forward. In other words there should not be any more loses in foreign currency anymore. They should actually get gains (to offset paying out the contracts) in the coming year and it looks to be a colder heating season. That on top of their debt down from over a billion to 508 million is ridiculous. The sale of the CPD dropped it from 873 to 508. Unreal.