RE: Rising Interest Rates18 May 2022 09:28
Thank you everyone for your thoughtful replies!! :) Read this board daily so I've seen you all before :D
I suppose I am naturally a little concerned of surviving a recession that naturally follows this line of events. I've been invested for a while now and seen major growth and strong leadership so I know this company is much better at planning for this than I'll ever know. But there are still things outside of their control.
I know the debt acquired to fund Williston etc is hedged. Production/Cash flow is basically up 10 fold since last quarter. New wells are being brought online weekly. It feels the only way is up and I have faith in the company.
But as demand lowers and fear/uncertainty hits the fan. Freak circumstances could cause the need for credit which may not be available. Profits from product goes down as global prices get slashed. Will we ever need to freeze a site/project?
I know these things don't last forever. I know it's easy to resort to "Be greedy when others are fearful". For the more veteran investors than me I'm sure you've seen these times before; but I haven't :)
Sorry if yall think im being stoopid! Just trying to find the best way through