RE:anyone have a sense of bte "staying power" exprohibition18 wrote: interested in heavy oil play with high prob of survival
im trying to educate myself a bit about whether to high grade like a cnq or / possib taking smaller- , loteery ticket approach - on > leverage play like bte
can anyone comment on the elephants in the room- llr ratio/ pending debt rollovers/ debt service remaining on side with commitments in a reduced price environment
obviously wcs at 15 kills the entire infustry eventually . this govt has already lost my vost.
but if we recover to say 30-40 wcs cad/bbl in 2019- will these guys be ok
cheers
WCS will recover. It is just a matter of time when that happens.