TSX:HSE.PR.B - Post by User
Comment by
onec007on Mar 13, 2020 12:06am
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Post# 30802500
RE:RE:RE:RE:Husky Energy cuts 2020 budget by $1-billion
RE:RE:RE:RE:Husky Energy cuts 2020 budget by $1-billionMy thoughts exactly. Downstream will be once again that saves the integrated companies. I feel terrible for the people of Alberta and SK as these low oil prices will definitely impact jobs and the overall businesses there but it's definitely difficult times. Vermillion and other smaller players have been so focused on growing production and giving dividends instead of diversifying its business and again these low prices will show how important it is to have a full value chain model. I also blame a lot of this on analysts because they have been vocal about production growth, production growth and more production growth . Well all that shale has led to this... Oversupply with too many ghost producers