glad someone liked this post....now is not the time to add debt when sales contracting. PSX has good balance sheet....don't screw it up
I've followed hess for more than 10 years. they are good at what they do and have some excellent properties globally. The problem is $45 oil puts almost all of their liquids production in the red. The situation could become dire if prices stay under $50 until 2016. Stay away.
well it's two months later and STO is $16.50.......If this doesn't hold than $12 is next. Given the rapid decline rates of US shale wells, we could probably see 2M bbl/d come off the market in 6 months if all shale drilling stopped. The fracking shut down would be accelerated by drillers reluctance to extend credit to companies losing money.
another poor day for Ming Wing. We had the end of the day dump. Oil up 6%...solars up strong and this sorry stock can only attract $1M in stock sales for the day. Compare the value of stock that traded today ($1M) versus the estimated revenue for 2014 ($850M) 1:850...the solars ratio is about 1:30.....