International travel being curtailed significantlyCompanies throughout the globe are curtailing or restricting corporate travel not only to China but to much of Southeast Asia and now the Middle East. You can expect this to be extended to parts of Europe soon.
Vacation travel is going to shrink tremendously. There is serious talk of postponing, canceling, or moving the summer Olympics. That’s the level of fear that isn’t going to dissipate anytime soon. Perhaps shareholders of energy companies can at least be thankful they don’t have their money in airlines because that’s about the only industry more vulnerable.
I’ve been spot on with this. Energy companies need to adjust to the new business environment they face. Hopefully VET starts conserving cash in the best interests of its shareholders. JMHO. GLTA.