TSX:HSE.PR.B - Post by User
Post by
onec007on Jan 14, 2020 10:11am
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Post# 30550540
Now we know why HSE has been hit hard
Now we know why HSE has been hit hardDowngraded by both cannacord and scotia but cannacord raised its price target from 9.5 to 10. So downgraded but raised its price target that makes a lot of sense. CS lowered earnings and their concerns has been HSE FCF which is projected to be neg 200 mil vs. 153 mill due to widening of the spread and lowering of the refinery margin. Superior rebuild couldn't happen at the worst time when they should be capturing higher margins