TSX:HSE.PR.B - Post by User
Comment by
mrbbon Mar 10, 2020 8:37pm
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Post# 30791109
RE:RE:RE:RE:HUSKY OWNS REFINERIES THAT BENEFITS FROM LOW OIL PRICE
RE:RE:RE:RE:HUSKY OWNS REFINERIES THAT BENEFITS FROM LOW OIL PRICEit's election year, trump could inject bailout fund to the frackers to keep jobs.
60% of russia's gdp come from oil and gas export. Can russia last long with +30% cut to their gdp? Russia is working on a trade deal with the US, this price war could be use by putin for leverage for trade negotiation. Remember, deep down, trump want low USD, low interest rate and low oil price to goose US economy.
oilandgasmick wrote: MRBB- The "key" for the Russians, Saudis and yes Canadian producers is some capitulation on the shale fracker side of the equation.
Ony a half dozen frackers can break even at this price and we are starting to see a bit of capitulation with announced fracker budget cutbacks--- but its probably at least 6 months until American production begins to ease off. Even the DUCs are looking unprofitable.