EXPM:EGRGF - Post by User
Comment by
JReynoldson Nov 07, 2015 10:17pm
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Post# 24270688
RE:If KWH.UN ....
RE:If KWH.UN ....
Looking at the quarterly results released on Friday, the negative EPS is due to a non-cash impairment of oil and gas properties owing to the decrease in commodity prices since 2014 year end. It is just an accounting treatment, signalling 'negative calculations' due to the drop in oil prices. And negative calculations do not affect financial operations, including servicing debts and giving out dividends. No need to be unduly worried over some negative figures. I will be more worries if the price of oil drops below $40.00/boe.