Companies literally make a killing off their customers.
Nah.....QE 4,5,6 coming---------Just hang in there.
And the Fed can never raise interest rates.
The American People along with its leaders who have bankrupted the nation are to stupid to understand this at this point
Until the Dollar is worthless expect QE4 real soon.
If a deeper recession happens then it will be a lot worse across the board than PWE. Everybody will be about to get wiped out as values across the world will plummet.
Does that happen now? Who knows.
PWE can't wait a couple years: These big quality assets would be sold off to the highest bidder through the bankruptcy process.
If oil remains under $50 a barrel for year and beyond. PWE debt obligations will be a heavy burden on the company.
If oil prices don't bounce back to at least 60-70 a barrel in a year this is out of the control for management. They never anticipated oil down this low.
Also the Fed is facing pressure to raise rates what happens to the value of oil facing rising interest rates against the dollar?
There might be value here but at what price?
Bottom line I don't see oil bouncing back in 6 months like every other oil bull--I believe the price might hover 40- to the high's 50's for a while.
That being said: This company needs to make a choice I believe there is value but how much is the question in this environment without rising oil there choices will be limited.
This company will either go bankrupt or Sold in the 3-6 Months
I don't see oil rebounding right away which will put this company in a tight spot.
The problem here is the price of Oil needs to be around $60-$70 to survive. Now oil will come back but it could be a while.