Originally Posted by
SharpestTool
Am I reading and interpreting the new PS methodology correctly?
It looks like that the net effect on PS will be minus 5.74% only if all 3 years of the contract has are above 6.0 billion? Less for profits less than 6 billion
So for instance if 2016 is like 2014, we would see a PS payout of 16.7 - 5.74?
Thats my quick calculation. So, if you are going to monetize going forward, the 5.74 needs to be ADDED not subtracted from the rates going forward (2016, 2017 etc)
Ferd