TSX:HSE.PR.B - Post by User
Post by
oilandgasmickon Apr 11, 2016 6:12pm
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Post# 24753893
You can argue about HSE vs. SU but.......
You can argue about HSE vs. SU but...........if you want to see energy producers that are truly in distress then look at companies like former honey-pot Chesapeake. Once the flagship of shale fracker gas production, it has now had to pledge (see story today) all of its reserves as collateral to debtors who are knocking at the door--lest the debtors pull a major revolver raid on the company. And still, investors continue to have great interest, the Chesapeake stock price rising in the last few days by 15%. This is why I love Canadian energy producers (HSE, SU, CVE, IMO, ARX, TOU, PEYTO etc) with the good balance sheets. They are going to be around long after the U.S. Ponzi scheme is toast. Meantime, IEA today says U.S. shale production may fall by over 100k bbls a day in May. Don't sell those HSE shares, the reckoning is coming.