RE:RE:RE:HedgingOnec007,at this point it's anyone's guess which ones will survive,but it's always the smaller ones at greatest risk.The small US shale will vanish faster than the Canadian ones.Its actually simple....they began to flourish starting in @2014 at a time when Canadian producers were hit with the lows of the 20bbls..and too many people always forget,Canada doesnt get WTI prices like the Americans do.
Canadian company's were in survival mode back then ,so if this oil price war only lasts a few quarters ,they should be fine.The US shale operators ran on borrowed money and that's their demise.
I find many posters on these sites haven't experienced this kind of downturn..I have being old at 61 lol.It will pass.Everyone says this is unprecedented times,well,all I say is that's the same song and dance every time there's a big correction.
Banks won't lend money to small operators..but they definitely will amend financing to big ones if they have to.
I will add to the panic stricken folks here..look at it this way...if any large oilco in Canada goes under,the big banks suffer by losing their capital investment.
So...it's better for all institutions concerned to wait this out..even if it takes a year because oil use will never vanish overnight..and certainly not in my lifetime.
A note to tree huggers out there..who but the most serious environmentalist,would buy an electric car when gasoline is,and will be,affordable for quite some time?