TSX:HSE.PR.B - Post by User
Comment by
oilandgasmickon Mar 21, 2020 10:37am
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Post# 30833190
RE:RE:RE:CK discussion on HSE
RE:RE:RE:CK discussion on HSEI'm sure MRBB will weigh in on the 1.8 B revised capital number.
Yes, my list of survivors and probable survivors is exactly the same as yours.
CNQ is carrying 20B in debt so to me they are the least likely on your list to survive and with almost 7B in debt CVE isn't much better.
If SU goes under then its truly the end of the Canadian oil industry. SU probably makes more on the downstream than all the others so they are a good bet to still be around when the smoke clears.
How sad that in what was once such a diverse range of producers there are possibly 6 survivors in the public energy market.
Meanwhile, the layoffs are coming fast and furious in Texas and there is a ton of fracker debt that is virtually worthless. Equity issues aren't doing too well either.
There's lots of pressure on Donald to do something and he needs Texas to win the election in November. Time to put the Saudis on notice that they are not a super power. Trumps son-in-law is supposedly good friends with "little boots" so its time that the boy-king got the bad news about his country's real status.