RE:RE:Didn't CPG take a HUGE writedown on assets year prior?
Past in from MS word produced a lot of junk .. sorry
Quote from … cpg_announces_sale_of_uinta_and_non-core_sask_assets_-_september_3_2019
Crescent Point expects to realize an after-tax loss on the sale, or impairment, within its third quarter 2019 financial results that equates to less than three percent of the value of its total net property, plant and equipment as at June 30, 2019.
6. PROPERTY, PLANT AND EQUIPMENT
Net carrying amount, end of period 10,326.8 million
three percent …. = 310 million
I’m not sure, but this indicates to me company will make expected operating profit less loss on sale of 310 million …. ,
Q3 net loss over 200 million,
Full year net loss over 100 million
While 2020 results should show significantly lower production it well show an operating profit improvement.
Any comments ?