RE:RE:RE:RE:RE:Sub $11 on its way I'm not quite sure how the taxes work.
but I'm keeping with your proper analogy.
if you were a landlord and you signed a long term lease with a tenent and then the rental market got super hot and you're place could rent out for 10X as much but you're already locked into the lease. Which is pretty much what happened with VET, they agreed to sell gas for ... let's say $10, then the price on the open market shot off like a rocket ship. They count the difference between market price and the price they agreed to sell for as a loss. I don't know if it counts come tax season, but that's my understanding from the email that was posted from investor relations last quarter. It's just marked down as a loss. But it's not like any of their infrastructure lit on fire. Or drilled unsuccessful wells. Be sweet if it counted against their earnings... pay no tax. Maybe it works out like that?
PP? Insight on this? Am I waaaay out to lunch on this?