TSX:HSE.PR.B - Post by User
Comment by
oilandgasmickon Mar 12, 2020 9:10pm
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Post# 30802116
RE:RE:RE:Husky Energy cuts 2020 budget by $1-billion
RE:RE:RE:Husky Energy cuts 2020 budget by $1-billionI am sorry to hear about this, I hate it when hard working people lose money hence my reaction to a few children who show up here on the threads to taunt honest people who have been hurt by this downturn.
I might be wrong but I wouldn't sell HSE here. They have made some overdue moves today which should help the situation.
Yes, I think you might be right about all the smaller players, it's pretty tough to survive on 30 buck WTI, 18 buck WCS and 1.80 natural gas especially when you have a lot of debt and no integrated structure.
I know I've ranted about this before but as soon as the shale fracking ponzi scheme started to gain traction in 2014, the long slow descent of the oil and gas industry commenced. American banksters learned nothing from the 2008 disaster and I believe that a decade from now this oil fiasco in the U.S. will be featured in a movie--called "The Big Short--Part 2." IMHO, arrogant and irresponsible behavior.