Husky Energy Inc. cumulative redeemable preferred T.HSE.PR.B

RE:RE:RE:These guys have been playng fire

[oilandgasmick]

If they want a long term price of 60 bucks then that is still a shortfall of 50 bucks per barrel of 500M per day. That would delay bankruptcy but is still not acceptable for the long term. I think their real plan was to completely wipe out the frackers and then cut OPEC production and thus see prices rise over 100 bucks but now they are realizing that this goal will not work in its entirety and will take much longer than we thought. We must also remember that the Saudi King wants to break the backs of the Iranians who are in a proxy war with him in Yemen. Knowing how things work in the Mid-east, where grudges last a thousand years then the King may decide that he will tough it out as long as he can. I do agree that the Saudis are coming under financial pressure and will have to act eventually, it's just that "eventually" has a different meaning in the Mid-east as opposed to the Western World. Meantime HSE has held up remarkably well but even such a large and well balanced ship can't maneuver with 40 bucks per barrel for a sustained period of time. I think that when this thing is finally over that HSE will rise to all time highs.