GREY:TBTEF - Post by User
Comment by
OOU812on Jan 23, 2017 8:21pm
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Post# 25744440
RE:RE:RE:Titanic
RE:RE:RE:TitanicWhile twin was hanging on for dear life another heavy oil producer
Northern Blizzard was paying a hefty dividend.
How is that possible?
Although Northern Blizzard had a fair amount of debt, very
little of it was bank debt.It was also one of the best hedged companies.
Who needed hedges more twin or northern? twin by a mile
Northern has low decline rates,lower debt,little bank debt and higher netbacks.
Was Northern an accident waiting to happen or was twin?
Not preparing for bad times does not lead to good times.
Like Titanic, the illusion of unsinkability lead to higher risk taking.
If you like getting your ship back in one piece, telling the captain
that she's unsinkable is not a wise move.
Too big to fail.
arrogance- overconfidence- complacency; the destroyer
of many a company including twin.