OTCPK:CUUHF - Post by User
Comment by
crow27on Mar 29, 2020 8:16pm
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Post# 30858493
RE:Bottom ?
RE:Bottom ?It's the debt that will crush them. The only hope here is a buyout from a bigger fish. I'm not sure what they would pay but it will not be much because they firstly have to assume all that debt and after that maybe they give the shareholder a very small dollar, maybe not even a dollar.
The Oil Sands is the knock out punch as they will soon announce even more drastic cuts to just about everything and everyone. Suncor/CNQ/ CEV are all going into survival mode and the last thing they are going to worry about is these small firms. And the smaller O&G firms are going to go broke so you don't have to worry about work from them.
Who really knows but no one can say it looks rosie.