TSX:HSE.PR.B - Post by User
Post by
oilandgasmickon Oct 29, 2019 4:53pm
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Post# 30283541
Shale Oil Earnings Coming Soon --and they will be ugly
Shale Oil Earnings Coming Soon --and they will be uglyhttps://oilprice.com/Energy/Energy-General/US-Shale-Braces-For-Brutal-Earnings-Season.html
As this article above points out- the ponzi scheme called "Frack and Whack" in the U.S.A. is starting to come unravelled. Mountains of debt for most of these players and virtually no free cash flow. Unless there is an epiphany of some kind, investors are starting to see the stark reality of an industry that has blasted through $300B with little or no profits to show for it.
Compared to these guys, companies like SU and HSE are rock solid in terms of balance sheet and "survivability." And yet companies like these are trading at ridiculously low levels.
Sooner or later, (hopefully sooner) the World will re-focus on Alberta oil and we will head back up--albeit slowly (hopefully faster).