TSX:HSE.PR.B - Post by User
Comment by
oilandgasmickon Jul 21, 2015 5:21pm
89 Views
Post# 23946285
RE:RE:RE:Can they
RE:RE:RE:Can theyThanks T.V., its always a pleasure to hear from a sane person instead of the usual internet nut cases. I agree that the Iranian deal is overblown in terms of price effect but right now that doesn't matter, perception is everything. I also realize that the Iranian deal was preferable to war but the psychological impact on the oil price has effectively sealed the fate of most of the shale producers. 2nd quarter results due out next week and they will be ugly. 3rd Q should continue the deterioration process since hedges are rolling off. Meantime, HSE will come under more pressure but it will survive and eventually thrive.