I don't think It's a memorable day when the sp gets smashed...

I don't think It's a memorable day when the sp gets smashed heavily as you said.

The company is going to buy back another 24m shares for $ 528m. Where does the fresh cash come from?
We're fully protected if the market wants to sell on the old news.

I think Cim will accelerate the buyback schedule as quick as It could to prepare for a potential IPO in order to lift the value of both companies.

Did Cim start the job on the 1.13b contract?
The arbitration amount of 78m awarded to Cim less a counter claim of 35m to Chevron was not affecting Cim's operation and its balance sheet.

The tiny amount was clearly indicated that Cim didn't spend much on the project so how did Cim book a huge writedown? It was just solely a bad financial audit.

CPB, a subsidiary and one of the contract debtors, entitled 50% of the total entitlement worth $675m in revenue plus interest, costs and pre-tax money.

It didn't mean CPB and its partner had to book a loss or a wriredown.