RE:RE:CNQ lower than in 08/09 with $20 billion in debtLets all stay the EFF calm during this panic. Anyone that bought even up to this Monday is down huge. Debt is absolutely an issue anyone stating otherwise is a liar HOWEVER it all depends when maturities are due. CNQ can easily tap into their LOC to pay off any current debt and finance their later maturities to even later dates.
Have we hit the peak fear yet? I wish I can say yes, but simply don't think we have. The panic that these gov't and health officials have caused by a virus that impacts less than 0.50% of the population (death) is absolutely insane when the annual influenza causes more deaths on average. Yes, it is most likely that covid-19's mortality rate is less than 0.50% because the actual numbers are significantly higher, but most people fail to disclose it because they are not heavily impacted by it.
Lastly, all those pathetic protestors impacting Cdn oil. Well looks like you are going to win. If Cdn oil goes bankrupt we can just import all of our oil from Saudis and Russia. Oil demand will still be there just not our local companies. Way to support locals. This world is beyond rational