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Subject: Again "Lel Bruce Peto" updating oil finance scenario as follows...
Again "Lel Bruce Peto" updating oil scenario as follows... measures for the oil and gas industry may come under pressure as a result of legislation now before the US Congress. The JOBS Act would allow American companies with accumulated foreign profits to bring the money home more cheaply by creating a temporary window during which the tax rate on remitted income would be dramatically lowered. For some companies, the act could improve credit quality by liberating funds for holding company debt reduction that were trapped in foreign subsidiaries.
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