RE:Everyone's up but us, something wrongThe entire Canadian is not up . Just the ones that are mostly oil and operate in N.America and don't have excessive debt and have some hedging . Its expected they'll get some government help and some debt relief from the banks . It won't be reduction in debt but deferal of payment without extra interest . Kind of like what everybody else in Canada is getting . A lot of companies are exposed to WCS which is about 8 bucks right now . With operating costs , royalties and transport they're probably losing 8 or 10 bucks per barrel .
GTE will not get government help but they probably will get some bank help . The bank does not want to own an oil company . But whatever they do to increase oil prices is going to benefit GTE immediately . So what a lot of posters have been saying about the debt is correct .