TSX:HSE.PR.B - Post by User
Comment by
oilandgasmickon Sep 09, 2020 4:31pm
118 Views
Post# 31528272
RE:RE:HSE APPEARS To Be Looking For BAILOUT Money On WWR Project ?
RE:RE:HSE APPEARS To Be Looking For BAILOUT Money On WWR Project ?Thanks MRBB-- I had forgotten that but yes, that "gem" of a company called MEG was lined up for a handout as well. This is the same twit that said "buy Meg like crazy--easy money to be made" when the stock was trading at $9.50. "Real bidding starts 1t 15 bucks" said Mr. oil patch economist--LOL--do the opposite of what this guy says and make money--maybe buy a place in China!!
If Mr. Trudeau knew what he was doing, he would offer up an equity stake in a number of oil projects around the country because no matter what the left wing kooks say, oil and gas still drives the economy and once major companies exit it is very difficult to reacquire that capital.
This review that HSE is doing is only the tip of the iceburg. Every single oil and gas project that is still under construction (no matter who the operator is) is going to face the prospect of being shelved--no matter what the sunk costs are to date. The industry is finally realizing that constant expansion has hindered, not benefitted the industry's well being.