TSX:HSE.PR.B - Post by User
Comment by
mrbbon Mar 12, 2020 4:58am
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Post# 30797372
RE:RE:RE:RE:RE:RE:RE:RE:RE:Chances of bankruptcy
RE:RE:RE:RE:RE:RE:RE:RE:RE:Chances of bankruptcy conspiracy or not, i view this black swan covid-19 was created to kill the stock market which is what trump popularity momentum riding on AND to slow down china . I'm not sure if trump gonna bailout the shale oil but i know once the > 50% of shale oilers are snuffed out. Opec and russia will stop this price war and jack up oil price. The big oilsand producers with good balance sheet can ride this one out to see the sunlight. Just look back in 2008 $145 oil crashed to $30, then back up to $113 in 2011, then crash again to $26.2 in 2016 and back up to $76 in 2018.
wheeloffortune wrote: Nonsense and conjecture. Sub $50 for another three years would cause the Saudi and Russian economies to collapse.
BTW Husky also has refineries and gas stations which will still make money as well as $1.8B in cash.
believer123 wrote: If the last price bomb is any indication, we will be sub 50 until 2023 - it took 3 years just to get to $50 bucks from $26
3 years is too long for canadian oil to last, let alone husky