TSX:HSE.PR.B - Post by User
Comment by
oilandgasmickon Jul 26, 2015 9:51am
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Post# 23960733
RE:RE:RE:RE:RE:OPEC playing 9th inning
RE:RE:RE:RE:RE:OPEC playing 9th inningI believe that Morgan exited shortly after AEC split into EnCana/Cenovus. Regardless, the expensive acquisitions that ECA made at the top of the market are turning out to be bad decisions. One way or another I would say that their glory days are over. That's another reason why I like HSE, they have much shrewder management although right now the market hammers any type of mistake, big or small. I hope that these analysts/talking heads with their "many years of low prices" rhetoric know what they have done because this carnage is going to lead a supply crisis. I realize that I am the only guy in the World who thinks that but I am going to stick to my prediction. At these commodity prices very few companies outside of the Mid-East can make money. It only adds up to one thing but right now no one wants to hear it---most unfortunate.