Quote:
Originally Posted by GGG
I don’t really think the government should be throwing additional money at oil companies outside of what all other industries are getting in terms of salary support.
Where I think the government could help is to buy debt as it comes up for renewal in exchange for shares of the company. If a company fails on cash flow then it may not make sense throwing good money after it. If it is failing because of an inability to renew debt Because of current prices then getting it through that point would be helpful.
WCS is $30 US today. If you aren’t cash flow positive at this point you are in real trouble long term.
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Except the Government is providing direct funding to fisheries and farming sectors that are outside of the supports that you're talking about for example. I also think that the government provided over half a billion to arts as well..
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Last edited by CaptainCrunch; 05-23-2020 at 01:03 PM.
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