GREY:CEQXF - Post by User
Post by
EstevanOutsideron Aug 09, 2019 12:27pm
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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.