RE:My last question as I’m not a bean counterYou need to focus on what is most important. Not the accounting income or profit, but the CASH FLOW. The Company generated $760 million in cash flow from operations during the quarter. From this cash flow the Company paid down $130 million of debt, paid $70 million in dividends, repurchased $200 million worth of shares and invested $350 million into CAPEX and non cash working capital to maintain production levels. Good results and should justify share price where it is currently.
Wish they didn't have these hedges in place though.