Yes and no.
Major oil companies are heavily hedged against reductions in oil price, so if the price goes down they're not bleeding. If anything it lets them pick up assets on the cheap.
The majors will have room for good investments even in bad times, and have for the past decade or so. IVZ is a f*ing amazing investment for a major for a bunch of reasons I won't go into (assuming the situation is as it seems to be and we're sitting on the resource we think we are). Really the only question mark is sovereign risk, but that's well within the wheelhouse for oil companies.
Smaller potential partners might have cashflow problems though.
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Last
8.3¢ |
Change
0.004(5.06%) |
Mkt cap ! $119.5M |
Open | High | Low | Value | Volume |
7.9¢ | 8.4¢ | 7.8¢ | $218.6K | 2.736M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 29989 | 8.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.4¢ | 19280 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 29989 | 0.083 |
2 | 190444 | 0.079 |
6 | 233798 | 0.078 |
2 | 112467 | 0.077 |
1 | 263157 | 0.076 |
Price($) | Vol. | No. |
---|---|---|
0.084 | 19280 | 1 |
0.085 | 329625 | 1 |
0.087 | 200000 | 1 |
0.088 | 49588 | 1 |
0.089 | 49330 | 1 |
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