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Southtown Tommy

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About Southtown Tommy

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  1. During times of pricing volatility within the oil & gas sector, it is much easier for companies with no debt to survive, meaning the Pegulas can layoff their workers, cut capital expenditures, cut SG&A, etc., to conserve cash and retain liquidity. If their oil & gas companies have no debt as been reported, then they will survive a downturn. Think of it like losing your job, but your house is paid for, you have no other debt, and a million dollars in your bank account. You have enough money to buy groceries and pay your utilities until you find another job.
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