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Originally Posted by Tron_fdc
Heard though the grapevine CNRL is hoarding cash like they were before they bought out Shell. I would think this is likely due to Covid, but with those guys who knows. I also spoke with one of the "higher ups" up there that mentioned they are now sub $20/BBL (I believe the figure tossed around was around $15-$17). Add in the wage subsidy and they are likely sub $10/BBL which is nuts.......that's Saudi territory.
If they are generating that kind of money I wouldn't be surprised to see them go shopping.
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They blew all their cash prior to the pandemic and crash did they not?