RE:Is this company high risk????Isn't a high oil price good for Ni and Sherritt? Drives the 'green' revolution to increased EV/battery use? Just look at the effects of Russia gas/oil taken off European market. Many 'green' plans were expedited. So I think you have it quite wrong here.
Stratocheif wrote: So they say essentially the loss was due to higher input costs...135% increase in cost of fuel for example. Ok fine. But I seem to remember 10 years ago, oil prices were thru the roof, nickel was lower than now, and sherritt was doing well with its sp around $10 and it's bonds trading at 105.
It never changes...they're gonna spend, spend, spend. Spend on new equipment, spend on oil well site rehabilitation, and on and on. Always the priority is that they are such a wonderful corporate citizen. Well if oil stays high or goes higher as some predict, and this causes recession and collapse of nickel price, they'll finally be looking at bankrupty and bankrupt companies are not good corporate citizens.