|
|
Energy Investing
|
|
||
ATH great cash/liquidity position & hedges + silver lining?Personally glad ATH management has been so conservative:
They can survive this much longer than most companies. Silver lining on this market disaster might be that all the money fleeing general stocks now might want to find a new home just as oil falls into shortfall H2'20. Being held in a last choke hold for shale to wind growth down and Libya covering for corona demand shortfall. Apart from the medical part of Corona by my counting worse demand decline est. I have seen is 500k-600k barrels and Libya has ~ 800k offline. Still is MINUS 200k-300k no? As long as Libya is off-line we will sail through corona Q1 maybe part Q2 with a net shortfall. R. |
return to message board, top of board |