RE: disconcertingNope, sorry, you bought a stinker. This stock has been written off.
Even though they are set to make full rates within 6-8 months. Even though they could sell off some leases and make a huge debt reduction. Even though, once at full rates, they only need $50 oil to operate and make interest payments. Even though they could potentially pocket $400 mm next year. Even though they still have $800 million of 2nd lein bonds at their disposal. Even though they have a $3.8 b...yes b tax pool. Even though the field SORS are approaching 1 on some of the most mature wells. Even though they are the first integrated SAGD/Upgrader ever built with ashpaltene gasification and ORCRUDE technology and will be the lowest cost syncrude producer ever. Even though oil will hit $100 next year.
The market has no use for opti right now.....but I'm still buying.
Giver