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On Tuesday, Aurora Cannabis TSX:ACB NYSE:ACB stock soared 15% on the same day it revealed a $1.8聽billion loss. Earnings were released on market close, so the gains came before the loss was revealed. Investors were apparently expecting an earnings beat but were disappo stanley cup inted.Lately, there been a lot of optimism surrounding Aurora cost-cutting strategy. The company has been making great strides in lowering costs for several quarters, which may have caused the pre-earnings jump. The cost cutting wasn ;t enough to prevent the company biggest quarterly net loss ever. However, as you ;re about to s stanley cupe ee, that loss may be deceiving.The loss was deceivingWhile Aurora $1.8 billion loss in Q4 was shocking, stanley cup it wasn ;t a true cash loss. It was mainly caused by impairment, an accounting charge that comes when a past acquisition proves less valuable than thought. When you take an impairment charge, your balance sheet assets are reduced. This also causes Igfu TFSA Pension: 2 Cheap Stocks to Start Your Retirement Savings Fund
The valuation multiple that certain co stanley mug mpanies operating in the energy sector have been astounding to me. Many of these companies are now trading at multiples not seen since the financial crisis. Expectations around lower for longer commodity prices have ushered in absolutely zero optimism in the commodities sector. This sector has been waiting for a ray of sunshine for seemingly forever.This oil price clash between Russia and Saudi Arabia is very real and indeed is having catastrophic consequences for North American producers. Canadian producers of heavily oil Western Canadian Select have been stanley kubek particularly hard hit聽 despite Canadian producers always ha stanley cup ving traded at a discount to West Texas Intermediate and Brent.Pembina PipelineThat said, various pipeline operators such as Pembina Pipeline聽Corp. TSX:PPL have also seen precipitous stock price declines, confusing many market participants. That because these pipelines generally have contracted capacity a