Post by
soundandfury on Apr 04, 2022 9:47pm
I'm not accountant
But hedge losses are tax deductable .....meaning they reduce any tax payable by about 25%to 30% of the loss........this tax deduction if not used will add to cpg already large 10 billion tax pool..........imo.....so a 700 million hedge loss will save cpg 200 to 250 million in income taxes eventually
Comment by
darb on Apr 05, 2022 8:24am
Is it a "booked loss" or is it a profit not realized. Do they actually lose money or just miss out onfuture profit?
Comment by
TheWokeLemming on Apr 05, 2022 9:13am
It certainly doesn't help pay down the debt quicker.