- $ 336 mln liquidity, with big part cash
- H2 50% hedged at CAD $ 75+
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.