RE:CNQ lower than in 08/09 with $20 billion in debtOf course CNQ has debt.But some here don't understand how finances work.Although cash flows a problem ,it boils down to a company's ability to withstand times like this.Has everyone forgotten the oil crash of a few years ago?...WTI below 30 bucks?..
Yeah I know ..somebody will say "this time it's different"..just like all the other downturns.
Lol.They're all different.
To compare CNQ to VET is nonsense..completely different company's.Thats the problem here ,and with social media in general.It breeds panic.
The same scaremongers on Media now are the same jacka$$es that as little as a couple weeks ago shone so bright with their predictions.
To be clear..debt is not good,but nobody bails out small company's.Big company's have more strings to pull and nobody on this board knows what they are.
Tough times have happened many times and nobody has a crystal ball.