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Gold/Mining/Energy : Big Dog's Boom Boom Room
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From: Lee Lichterman III4/9/2020 12:38:29 PM
1 Recommendation

Recommended By
isopatch

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If I understand this morning's Fed program, they will buy any debt, including junk bonds for any company with less than 10,000 employees up to 10% of their debt. Not sure if that is all outstanding debt or just new debt.
My question is basically, won't this put a floor under most midstreams? Most I look at only have around 5000 employees. Not sure why ET shows twice as many at 11000 compared to others like OKE at 3700.
Interest free and no payments for a year seems like they should have had a bigger pop although 10% is sizable, most are still down 50% or so.
Also wondering why OKE is so strong compared to others when I thought a lot of their exposure was in the Bakken fields which I thought was the highest priced area thus most likely to get shutdown vs other areas. Am I wrong?
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