TSX:HSE.PR.B - Post by User
Comment by
mrbbon Nov 08, 2017 6:25pm
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Post# 26929025
RE:RE:RE:RE:I think mgmt is planning something big
RE:RE:RE:RE:I think mgmt is planning something bigautofocus111 wrote: I agree HSE has lots of projects they could spend the money on. The main advantage of buying this asset is it's already producing so they'd get an immediate new source of cash flow at a time when oil prices appear to be in a rising trend. I read somwhere that this is a light oil play, while HSE does only heavy oil out west... not sure if that would be of any benefit to their refning oeprations.
I believe there is always a good time to buy or sell, at the right price. Funny that Cenovus wanna sell weyburn, who doesn't like to have an asset that spew out steady cash flow? Didn't hse just finish selling off their light oil assets? I'll let guru Scottie99 the opportunity to donate a small bit of his treasure trove of inside info.