TSX:HSE.PR.B - Post by User
Comment by
oilandgasmickon Mar 12, 2020 7:10pm
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Post# 30801746
RE:Revision just announced
RE:Revision just announcedWow, that is a huge cut but its not unexpected. It's survival mode for everybody in the patch.
The market warned over a year ago that HSE was spending too much cash and they were a bit slow to react but this qualifies as good news. Cash flow neutral in a 35 buck environment will look good in a couple of years when we are back to 50 buck WTI. The revolution in Suaid Arabia should be done by then.
Still wonder how much good these cuts will do in a panick situation like this. Tomorrow will offer some indications. Right now, the market is listening to virtually nothing except sell, sell, sell.