Husky Energy Inc. cumulative redeemable preferred T.HSE.PR.B

RE:RE:RE:RE:Saudis declare war

[firstworld]

All self made smart money left Canada when liberals and NDP stepped in. Unfortunately Canadians always short term make nothing of value. Russians can withstand $25-30 for 10-15 years while no one else can. Glad I bought into China heavy in last two weeks because cheap oil is exactly what any high value add economy needs to prosper. There is always opportunity in distress wonder how many AB or SK people have the muscle and the guys to execute.

oilandgasmick wrote: Its a partial bluff but no way does anybody force Putin to cave in before he's ready. His image as the Kremlin's strong man is the key to his hold on power.

If history is any guide (see Saudi Arabia versus Venezuela, 1998-2000) then the price war is around 2 years but I can't see it going that long this time.

American frackers will continue to pump every barrel they can in defiance of Opec+ so it will be very ugly in 2020.

I am hearing that people in Lloydminster are reeling over this thing. It is the biggest employer in the area and of course, people tend to invest in the companies that they work for. I don't doubt that many of them have lost a huge chunk of their life savings---very unfortunate and unfair--I hate how mega-losers come on this thread and laugh at hard working people's misfortune.