TSX:HSE.PR.B - Post by User
Comment by
onec007on Mar 02, 2020 8:46pm
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Post# 30758750
RE:RE:RE:RE:RE:RE:RE:results are not that bad, management is though
RE:RE:RE:RE:RE:RE:RE:results are not that bad, management is thoughYou're definitely not kidding about companies such as Range Resources. 500K in cash with $3.8 billion in debt. What am I missing? Hopefully these horrible companies with mounting debt will end up just bankrupting soon and bankers won't rule their debt over. Matador is just as pathetic. That's exactly it the large Cdn energy companies have no debt issues and even if prices fall they are able to withstand most problems because they can cut capex and just ensure they have enough to sustain operations. Shale companies simply do not have that luxury as they need to continuously drill to generate cash but all that cash keeps piling back into operations as wells have 2-3 years of oil. Think analysts finally are beginning to realize it's a sham of an industry.