TSX:HSE.PR.B - Post by User
Comment by
pablo87on Mar 16, 2020 11:01pm
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Post# 30815486
RE:Sad to say but
RE:Sad to say but I think that for a commodity like oil, you have both elasticity of supply and demand. Cheap prices induce consumers to drive more and countries like China (traders, etc) to back up the tanker - and supply wise, capex is cutback and supply is soon to be reduced. Eventually this Corona virus will pass and common sense pricing will be restored. Just need patience...