TSX:HSE.PR.B - Post by User
Comment by
smarmyon Oct 18, 2001 12:04am
4137 Views
Post# 4301244
RE: Indication?
RE: Indication?With all due respect, Corona, you would find that spending is down and a hiring freeze in place at 90% of the O&G companies in town, mine included. Cash flow is down significantly due to the much lower natural gas pricing of the last number of months. There will be some train wrecks in the next few quarters if this continues.
Sorry to be such a downer, but that's how the oil and gas business is - feast, then famine, then feast again etc. I'm waiting for the next feast.
g-night
smarmy