TSX:HSE.PR.B - Post by User
Comment by
oilandgasmickon Aug 13, 2015 6:08pm
149 Views
Post# 24016600
RE:RE:RE:Shale oil decline picking up pace
RE:RE:RE:Shale oil decline picking up pace My feelings exactly, the Saudis and Kuwaitis are still shorting the market as a way of making up for some of their losses on oil revenue. You go short and then announce that you are going to pump the max for an indefinite time period. Perfectly legal and perfectly immoral but that's business. They know that they will never break all the shale producers but they don't have to, 80% will do nicely. By November it should be mission complete. I agree that ECA is probably toast, too many bad decisions. Meantime HSE continues to hang in there but you have to think that a dividend cut might be coming.