Quote:
Originally Posted by bizaro86
Sure, my comment wasn't related to only Calfrac specifically, that is just the company in the title so that's the example I used. In many ways Calfrac would be easier to withdraw than an E&P - they at least have a chance of moving stuff.
Someone like BP (owns rosneft shares) or an E&P with direct well ownership obviously can't repatriate, the wells are where they are.
To be clear, I don't support Russia here at all. I spent a summer in rural Ukraine during high school working with kids. It literally haunts my dreams that those little kids are now 20 year olds fighting and dying in an unjust invasion of their home. Its awful.
I'm just not sure that the best way to support those kids is to (effectively) donate a bunch of assets to the Russian state. I'm not saying I know what to do here, but just that the situation has more nuance than it might seem.
|
The further this goes on the more likely it is that Russia ends up nationalizing and expropriating all foreign corporation assets anyway.