Post by
woodwise on Oct 30, 2020 4:25pm
Dumb and Dumber
What a bunch of halfwits here.
Comment by
rad10 on Oct 30, 2020 9:36pm
Makes for entertaining reading. 7 billion dollar impairment. Folks have overestimated the safety of their preferred shares. This merger backstops them with cenovus equity and a larger combined entity. The pieces fit together fairly well. Sucks for Alberta jobs though. $25 par call is a pipe dream - but it certainly has consumed a few posters.
Comment by
RagingBull3 on Oct 31, 2020 8:14am
Come on, ~7 Billion impairment in a single Quarter??!!!! And I believe company already took significant impairments in previous Quarters, and another significant one back in 2015 I think. This MASSIVE impairment I think has more to do with clearing out any taxes owing and the Cenovus Deal......than "valuing" the company appropriately. All just my opinion.