General Discussion Topics, page-130862

Interesting that a year over year comparative fourth quarter of 10% less in sles results in a 24.3% drop in adjusted EBITDA and a staggering loss of 54.8% or HALF of the EPS achieved in the same QTR in 2022.

So ALL the damage was pretty much done in the 4th qtr of their full year calendar 2023 results .

So you can see the ' sensitivities ' to price of product is HUGE .

And I guess no time like the present for them to want to clear the decks with a mark to market writedown LCM of US$617 million and still leaving them with a full year EBITDA result of US$2.8 billion and its second highest EPS of US$13.36.

And so with a forecast US$750 million in cost savings projected over 2024 , they would seem to well and truly have plenty of powder dry for GROWTH ...., which no doubt includes M&A as we know they were seriously looking when prices were much higher in 2023.

And you don't just stop looking when you have that much powder in your keg.....