Financial Accounting Standards Board (FASB)

The FASB Accounting Standards Codification is the source of authoritative generally accepted accounting principles (GAAP) recognized by the FASB to be applied by nongovernmental entities. They provide updates from time to time about different topics. An example: Archer Daniels Midland I was reviewing this company and how the free cash flow turned negative in 2017. … Read more

Counting drilling rigs

Background I have the purpose of counting US drilling rigs that are producing oil. I understand so many of them are closing and the cost to re-open them should be considerable. With the amount of oil in the market and the future prices sinking into even negative values, I want to challenge my self if … Read more