RE: splurge thanks
Guess we won't know until june/july on the seismic results as I recall. They went through too much cash last 12 monthes and the recycling ratio really shows it using proven only reserves only. The market is doing what it should given this experience. They can't repeat that again. Their netbacks are solid... the flood probably had some negative impact but the nature of this waterflod and the lumpyness sucks. They suggest over time this will smooth out. If you are correct then as results come out the stock should recover. They are on a learning curve also with their interpretation although in one press release they indicated some confidence in their ability recently to find the channels. Would also like to see their reserve life extended on proven reserves. When it is this short you can't screw up two years in a row. Maybe the Wabamun will help oneday.
I have always loved light oil. That is where my portfolio has been the last 12 yrs or so.