Thread regarding Enbridge Inc. layoffs

DCP Impairment of 1.8 Billion - what was this for??

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Post ID: @OP+14UCneLD

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The writedowns were non-chas adjustments of DCP Midstream and some derivatives. It’s a recognition that the real value is no longer reflective of the book value.

There are good, solid tax reasons to perform that write down. Analysts know it. It makes sense.

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Post ID: @Ghco+14UCneLD

Didn’t hear anything in news or DCPs Q1 earning release about this impairment. What was it attributed to?

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Post ID: @2kfv+14UCneLD

I know this was an Accounting thing and Phillips 66 took the other 50% of the hit —- what was so Worthless we had to take a write-off ???

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Post ID: @hxj+14UCneLD

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