RE:RE:RE:RE:RE:Q2David every company does the same things and the same appoach and model. Whole industry had writedown s during Covid. All audited.
OBE writedown in Q1 of 2020 was 702M just on the cardium properties.
I am not suggestingOBE can anywhere near all of that reversed at some point in 2021.
I used 2019 impairment price decks vs ending 2020.
OBE still can not reverse alot as the 2019 test had oil like 71 from year 2035 -2050....and we still are not near that even with the turn around in commodity prices.
They do have to use a discount rate on future years so those future years like 2035 should be discounted alot...that is helpful.
The big difference is 2021 - 2025 oil prices are much higher right now then in 2020 with covid rav on.
Still going to be some kind of gain here.
OBE should have an easy 2 dollars up before things get harder for share price to move.
This company should be worth at least 900 M (market cap +debt).
David02montreal wrote:
what is this, with the co. can report profit ,or one time big write up next quarter an impairment if wti retreats I could use these people to do my taxes a creative imagination who are these accountants or auditors who will sign of this report