RE:Whats interesting is the amount of the chargeI don't know about that..... But there's a lot of BS going around, IMHO. If you can't Trust This Impairment to reflect "reality"..... then you basically can't Trust anything said.
Anyways....All we care about is the Share Price... Much of that is not determined by fundamentals or accounting...... A lot of it is due to Propoganda BS, Emotions, Greed...
My Trust in CVE is Low.... so for me, the share prices valuation is mostly based on what I think the market will do. If the Market goes to SH!T..... I can't Trust CVE to have my back...
All just my opinion/view/thinking
soundandfury wrote: Probably the amount of the charge is very close to the amount required to reduce cve taxes payable to zero..............the $1.9 billion was probably just pulled out of thin air as the number required to reach zero taxes........and the beauty of it is cve gets to keep all that cash immidiately........asset impairments are a tool ......imo