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Cequence Energy Ltd Common CEQXF



GREY:CEQXF - Post by User

Post by EstevanOutsideron Aug 09, 2019 12:27pm
66 Views
Post# 30011607

Depreciation expenses

Depreciation expenses
CQE posted a depreciation expense.  I am not an accountant but it may make sense for tax purposes.  Big gain on hedges.  Other then that, the company would have posted a net profit.  It was a non-cash loss.  It's a game of survival until 2020/2021.  AECO will look much better then.  With Appalchian (shale ponzi gas) looking like optimistic forecasts are not going to work, there could be a material boast coming for the Canadian gas market.

Check out EQT devastating Q2 release, over 70% of their wells are likely to underperform based on the "drill to drill" strategy used by previous management.
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