• 0 Posts
  • 10 Comments
Joined 2 years ago
cake
Cake day: June 22nd, 2023

help-circle







  • There’s nothing ‘disingenuous’ about calling it a ‘loss’. It clearly states they posted a 7 bill NET loss. Not projected, not relative to the past… net. loss. They paid $7 bill to stay in business this year and are cancelling dividends. Their sales of gas reduce by more than 50% in 1 year. They aren’t ‘welcoming’ anything. They are praying doing business in Asian markets will be enough to bring them back to profitability and the latter half of the article makes it clear this is very unlikely for a few years at least.

    This is imo the best news I’ve read all year in that it shows strong evidence the sanctions are working. I just hope they hurt enough that Russia retreats from Ukraine, and gives up their plan of continental conquest for good, but I’m not holding my breath.