RE:RE:RE:RE:RE:What if...All of WCP, CPG and BTE have made significant acquisitions that involved going from a near clean balance sheet to jacking debt. I bailed immediately on WCP. With CPG and BTE I find the mid term value is compelling. Longbterm is outrageous.
Yes obviously a recession can happen but that doesn't necessarily mean 50 dollar oil. There's been fairly significant inflation in the oil patch and I don't think many of them in North America are profitable at 50. 50 dollar oil will lead to shut ins in north America but before it gets to that, I think OPEC cuts production to support oil. OPEC doesn't have much choice, their economies are too dependent on oil and they need revenue to diversify