Quote:
Originally Posted by bizaro86
So, I have a practical question about businesses pulling out of Russia.
I get not investing new money in Russia. But taking Calfrac as an example - it isn't like Russia is going to let them take their pumps and equipment out of the country. So it seems like from a practical point of view their choices are:
1) stop operating in Russia, forfeit the equipment, and the Russian state operates it instead keeping the money
2) continue operating the equipment and Calfrac keeps the money.
Either way the equipment is operating with the existing Russian crews. I'm not sure I'm in favour of Canadian companies donating their assets to Putin's regime.
If there was a way to get the assets out OR if the Russians couldn't operate the equipment then my opinion changes, but I doubt either of those are true.
|
Plenty of other businesses have made the decision to shut down operations completely. You don't think they have tangible assets in country? Look at all of the E&P companies who made the decision to completely withdraw.
Here's a full list of companies and their 'Russia' plan.
https://yale.app.box.com/s/11lqy1d3y...96k9sb6w5m4qea
To answer your question, Cal Frac could mothball their equipment and move it off site.