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Cenovus Energy Inc. (CVE $25.89)
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Whitecap Resources Inc. (WCP $11.61)
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Advantage Energy Ltd. (AAV $12.25)
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Baytex Energy Corp. (BTE $4.39)
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Kelt Exploration Ltd. (KEL $7.51)
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Surge Energy Inc. (SGY $7.41)
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Tamarack Valley Energy Ltd. (TVE $7.27)
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Yangarra Resources Ltd. (YGR $1.05)
Q: Hi Guys,
I submitted this question last week so not sure if it didn't go through or just got lost in the shuffle. The question is as follows: I am concerned about the oil and gas industry going into a prolonged down pricing environment. Can you rank these companies in terms of balance sheet strength and their ability to withstand a prolonged downturn? Can you also speak on if any of these would be in significant financial trouble (e.g. - bankruptcy) over a prolonged downturn?
Thanks,
Dean
I submitted this question last week so not sure if it didn't go through or just got lost in the shuffle. The question is as follows: I am concerned about the oil and gas industry going into a prolonged down pricing environment. Can you rank these companies in terms of balance sheet strength and their ability to withstand a prolonged downturn? Can you also speak on if any of these would be in significant financial trouble (e.g. - bankruptcy) over a prolonged downturn?
Thanks,
Dean