TSX:HSE.PR.B - Post by User
Comment by
oilandgasmickon Mar 26, 2020 4:21pm
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Post# 30850858
RE:RE:$1.40 per share cash here?
RE:RE:$1.40 per share cash here?Yes, you got in at a good price and will probably be rewarded down the road.
Is it the floor? I sure hope so but the real test for all the energy equities comes when storage fills up and it is virtually impossible to churn out another barrel.
Unfortunately you can't just turn off a steam/thermal project because its a long term process of heating up the reservoir to reduce viscosity that allows the oil to flow towards the well bore. It will be interesting to see what the companies engineering solution will be to such a problem, if the need arises.
Let's hope that the frackers go down big time in the next 2 weeks and that Opec+ sees peace love and understanding.