RE:RE:RE:RE:RE:RE:RE:Nuttall on BNNNo bank debt now => no bank issue.
Plus 60-70% of their shares are held by Instituions. They wouldn't let this fail. If it comes to worst cash infusion from the big Instituions or privitization should come first.
IMO this will be among the last man standing In Canada. Even stronger than CPG, WCP or CJ . No bank debt means NBZ wouldn't be forced down by banks.
Actually all the integrated SU CNQ are also in trouble as oilsands is definitely high cost and will be the first vcictim. HSE basically halts their cash div. What holds these integrated ones up are their midstream and downstream business.
TBE's current credit review will be critical....it's 50/50 if TBE get a squeeze in bank lines. But PLEASE don't buy anything NBZ.....just buy TBE's convertibles at 1/3 price and TBE will be yours if it fails It it survives you get a healthy return.