RE:RE:RE:RE:RE:RE:So Cheap josephheller wrote: The outlook for the global economy in 2020 is not great, but it is not horrible either, there are multiple pro and con factors pushing the global economy in various directions, the net effect is probably more of the same in terms of a lacklustre global economy with oil hanging in the mid-$50s for a couple more quarters. If the company does not raise the dividend, and oil prices languish here, their credit line debt will decline to around $250M by June 2020, this gives them a large buffer in case of a serious recession.
I worry about :1) global economy slowing down much sooner and deeper than people expect 2) the price of oil dropping and staying under $45 for much longer than people expect. in this scenario, can BNE survive?
As I worry, I keep buying shrares at these redicoulous prices.