TSX:HSE.PR.B - Post by User
Comment by
oilandgasmickon Mar 19, 2020 3:35pm
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Post# 30827729
RE:RE:RE:RE:RE:Oh no, TD downgraded their HSE target to $3.50 on March 13
RE:RE:RE:RE:RE:Oh no, TD downgraded their HSE target to $3.50 on March 13Thanks MRBB--
For those who are interested, there are a few stories on the wire this morning (Bloomberg, Forbes) about shale fracker debt going for 20 cents on the dollar.
Yes, some of the scheme is coming unravelled and the public is becoming more aware of it but I think your 6 month time frame is a bit hopeful. I am thinking that shale production starts to decline in the 4th Q of 2020 and the bankruptcy wave really starts to take over in the 2nd Q of 2021. The frackers still have a lot of fans--mom and apple pie and all that you know.