RE:No one is going to hold a stock with 4 billion debt on the dontrustanyone wrote: balance sheet , duh .............................
I think you should do a little research on how to interpret a balance sheet. It's not the absolute value of the debt. It's the debt in relation to equity and the company's ability to service the debt. Currently, as of Q4, debt/equity stood at .65. A little high (.5 preferred) but not over-leveraged by any means.
Interest on long-term debt for FY18 was C$184.4 million. Given the C$1.75 billion in cash flow over the year, there's absolutely no danger of them not being able to service the debt. The debt picture should show improvement when Q1 results are released. This is based on the cash flow increased from the dividend reduction (approx C$170 million) plus the boost resulting from the higher WTI price. An asset sale will shrink debt further.