TSX:HSE.PR.B - Post by User
Comment by
mrbbon Mar 12, 2020 11:41pm
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Post# 30802472
RE:RE:RE:RE:Spoke with Leo Villegas from IR
RE:RE:RE:RE:Spoke with Leo Villegas from IR
onec007 wrote: Wasn't referring to gas stations I was referring to their Asia Pacific gas assets - long term contracts. Read the report that just came out it was highlighted there. As expected, they no cuts were made to their downstream (refinery) capex. In this environment they need Superior back up , built and running ASAP so that they can contd to capture more of their additional capacity and not settle for low prices.
I'm hearning china was not meeting contractual gas demand (russia, foreign LNG) under the clause force majeure but knew husky wouldn't be affected and didn't post my thought about it because scottie99 will say i'm pumping hse. Thanks for confirming about the liwan gas/wencheng oil being safe from cut. The partnership with CNOOC has its advantage. China will not cut off their own production or at least, cut off themself as last resort.
Back in 2015 oil crash, Asim ghosh introduced a $30 oil economic hurdle run case. All new projects needed to pass a 10% ROR at $30 oil test before even get presented to management for review. I think that hurdle test might slipped a bit when oil got back to over $60.