Post by
Possibleidiot01 on Oct 22, 2020 6:46am
From Precision Drilling results
An increased hydrocarbon price is still needed by the company but a stabilized price is not bad .
"As a result of the decrease in demand, worldwide inventories of oil have increased significantly. However, voluntary production restraint from national oil companies and governments of oil-producing nations along with curtailments in the U.S. and Canada have shifted global oil markets
from a position of over supply to inventory draws.
The situation remains dynamic and the ultimate duration and magnitude of the impact on the economy and the financial effect on Precision remains unknown at this time."