RE:RE:RE:Loss of 3/4 of a billion dollars for 2020 Pointer and Noliz are corrrect. As I have said before, I think one of the problems here is that people don't actually read or don't know how to read the financial statements. Either or, they will pick one piece of information and try to use it to their own advantage. The so called 3/4 billion loss ...well again…about $600 million of it is/was a non-cash impairment charge.
Again, Straight from the Q1 2020 report:
"The impairment charge does not impact the Company's adjusted funds flow, and is reversible in future periods should there be any indicators that the value of the assets has increased."
So the impairment charge, especially under today's circumstances, may at some point wind up on the positive side of the ledger. But nobody should call it a profit, when that time comes. In the same manner that it is not a real loss now. It's simply a paper transaction