Post by
RagingBull3 on Jan 05, 2021 3:44pm
After 6 years of the Market telling the Oil Sector what
to do..... If they don't do it this time when they get the chance..... It's GAME OVER..... For shareholders that is.
All just my opinion.
Comment by
nolalu on Jan 05, 2021 4:04pm
I hope I'm not the only one that misses your point....please explain...
Comment by
RagingBull3 on Jan 05, 2021 4:10pm
PAY DOWN DEBT..... atleast the high yield debt. STOP selling at below cost !! Oil went Negative, and I bet some still selling!!! and probably some wanted to increase production! LOL. PROFITS.... is the Bottom Line... Not Cash Flow. Cash Flow is important, but it's not the BOTTOM LINE.
Comment by
RagingBull3 on Jan 05, 2021 4:29pm
This is why the Cenovus/Husky transaction makes sense. Cenovus has excess oil, Husky has excess refining capacity. Instead of selling oil at below cost, send the oil to their own refineries, storage facilities. All just my opinion.