Post by
templetooth2 on Mar 14, 2024 10:37pm
Well....
That was pretty dreadful. I absolutely did not see a write-down of that or any magnitude coming. Zero elaboration on the conference call, just a general, well, interest rates moved. To such an extent that one-third of book value was vapour? Or thereabouts..
Ugh. This is going to be a loooonnngggg slooooooow slog. There are some big-time smart money shareholders here. Obviously, they are locked in for the next 2 or 3 years at an extremely low anticipated rate of return. Ugh.
Meanwhile, I see that severance costs were $5 million. Ugh. Everyone here is obviously under water. Question: would one be better served investing in, for example, Baytex? Ideas?