TSX:HSE.PR.B - Post by User
Post by
Dogsbreakfast4Uon Oct 05, 2018 12:33pm
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Post# 28752884
Pipeline Bottlenecks
Pipeline BottlenecksIf MEG shareholders say no to $11 or HSE shares you can bet their stock is going back down to $5 or lower with WCS trading at a huge discount for a least another 6 months. The stock would trade in that range right now had it not been for Husky's offer. There is no such thing as $19 " fair value" in the current Canadian oil market due to our lack of infrastructure. In the best case scenario this may resolve itself in 2020 but that is by no means certain as ecoterrorists and others continue to challenge line 3 and Keystone XL. By that time we may be at the beginning of a recession with oil prices going down. Good luck getting so called "fair value" then. This is why HSE must stick to its current offer and not a penny more! https://seekingalpha.com/news/3395528-canadian-crude-hits-record-low-vs-u-s-amid-pipeline-bottlenecks#/email_link