TSX:HSE.PR.B - Post by User
Comment by
display_nameon Mar 16, 2020 12:15pm
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Post# 30812930
RE:RE:RE:Sad to say but
RE:RE:RE:Sad to say but I am happy laddering in - logistically Saudis can only keep output at 12 mil barrels for ~ a year before things become unsustainable on their end due to sheer production & stockpile drawdown logistics - and politically the strain of cheap oil will catch up with sooner than that:
https://gulfnews.com/world/gulf/saudi/saudi-arabia-restricts-movement-other-gulf-states-limit-entry-as-coronavirus-spreads-1.1584334492441 Few months of staggered cheap buys will have me looking forward to where we are in 2-4 quarters :)