RE:RE:RE:RE:deal hereAccording to their corporate presentation, their cost of production keeps trending down. in 2020, 35% less than in 2014.
In February 2018, WCS was about $30, same as today and the stock was trading around $0.77
When capital comes back to the oil sector, this stock will fly.
pablo87 wrote: Wildcatter, you do realize 2/3 of the business is heavy oil with limited reserves (2.5years PDP, 4-5 years proved, 8-9 years 2P which assumes $62-$70 WCS - 2019 avg was $57) with a lot of non producing wells (abandoned we don't know since they don't disclose it), that 3 Directors resigned one after the other in 2019 and that the debentures held by Burgundy expire this coming November?