The wishful thinking is right on your side. There is a reason...

The wishful thinking is right on your side. There is a reason for writing something off your balance sheet. And this was long overdue in the case of Mt. Carbine since the lease relationship was severely impaired and they became unable to produce anything there. That's when you're FORCED to write the asset off.

What is the purpose of pretending everything was fine despite clear evidence to the opposite anyway? What effect did your every over-optimistic expectations of CNQ'/SEI's future have on your portfolio's performance? Do you really believe you can fool others into buying this trainwreck and by doing so minimize your losses? Why not finally acknowledge the facts as what they are and take a realistic view? When the truth isn't strong enough to make your case you should quit!