Quote:
Originally Posted by bizaro86
CNRL had, as of their most recent financial statements filed with the regulators dated September 30th, over eleven billion in debt. $11,644,000,000
That's a totally reasonable amount for the size of their business, but he definitely uses debt. CNRL buying assets with debt financing is a big part of why he's a billionaire.
https://www.investorx.ca/Doc/37M12Z4...report-english |
I suspect that’s unsecured bond debt. It’s not borrowing against assets like you are imagining.
Anyway, there’s no way Murray Edwards has pledged shares in CSEC (or any other companies) as collateral.
EDIT: Just looked at the notes. It’s all long term unsecured debt, meaning no assets were leveraged. (Note 8)