Wintershall pessimistic on oil, gas prices, boosts balance sheet
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LONDON/FRANKFURT (Reuters) - German-Russian gas and oil company Wintershall Dea does not expect commodity prices to recover quickly and plans to use its 2.4 billion euros of liquidity mainly to cushion its balance sheet in the coronavirus crisis, its chief financial officer told Reuters."The bolstering of our defences is more in response to the environment and absorbing future shocks. We think we're far from through this storm," CFO Paul Smith said in an interview on Wednesday after the company..