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Why Market Market Accounting Is Just This Bonanza for Enron
There's at least 20 years of future cash flows baked into the stock price of any asset. In our world, talking about this sounds utterly insane. This is a different world in oil and gas. You can be pretty sure if you have a site, a geologic site that you've done enough exploration on the site,. If you're going to build a well, you'll get assets out of it.