Syncrude operator hereI've known about Q4 being impacted for quite some time now i'm glad they finally released something official regarding this. our 9-4 plant has some major issues.. there's about 1000+ welds that need to be done inside the reformer/furnance and i've heard that being completed by year end is extreamly optomistic.
I work the Hydrotreaters.. we make the upgraded SSB that's shipped down the pipeline. Right now we've got one of our heavy gas oil plants on recycle and one of our light gas oil plants on recycle as well... we just don't have the hydrogen to treat the stuff as it stands right now. so we're down signficantly on production for the full Q. the heavy gas oil unit does 78k when at max capacity and the LGO unit can do 100k a day so thats alot of oil we're not shipping. 9-4 is the biggest hydrogen plant in north america.
I'm still buying COS at these levels.. dividend coming up soon and once Q4 issues are behind us it should be a good 2012.. Q1 might be a bit off depending on when 9-4 comes back up and the winter conditions.. we've been checking all our instrumentation obrian boxes to ensure they're all winterized so we can avoid any unnessary trips due to cold weather!
Either way at 20.00 what a time to accumulate.. Syncrude plans to debottleneck and get UE2 going over the next 5 years so there is growth long term and short term for when we get these issues settled out.. i'm confident we'll be back up to 400k barrels a day sometime in january