RE:RE:RE:RE:CVE CEO Jon McKenzie PUTTING OUT A STIFF POKER FACE ! Repost the text it doesn't show in my last post?
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Manav Gupta
Perfect. I'm going to ask a follow-up question, based on the response you provided to John. I got a whole bunch of questions on my Bloomberg, so I'm going to follow-up on this, as it relates to those two assets, sir, is it more of a case of a price or is it more of a case that you always thought of Toledo as a core asset you want to operate, and these two don't actually fit that picture. Which one is it more? Is it price or is it more of they don't fit?
Jonathan McKenzie
What I want to tell you is, is Toledo's an absolutely core asset for us. It consumes 90,000 barrels a day of heavy, and it consumes the molecules that we produce inside our upstream. It consumes Christina Lake and it consumes sunrise heavy oil and provides us insulation against heavy oil differentials and location differential. So, it's an absolutely core asset for us and a key piece of infrastructure.
What I don't want to do is give anybody the impression that we're doing anything other than focusing on our base business right now. And our core set of assets that we have our intention is to continue to build on the operating momentum. We have drive our debt down to $4 billion, move to a hundred percent shareholder payout. That is our focus right now. And I understand there's rumor swirling, but they shouldn't be.