RE: worthless oil sands leases Dream? more like an acid flashback... in any case I predicted a hard bounce off the bottom not long ago...what I find most disturbing about the most recent "update" are their reserve life index (less than 10 years) and the fact that managment is still thinking in terms of NG reporting... at this stage of the game ONE would think that reporting in BOE terms would be far more prudent and productive... that they don't... is a red flag for me...a 10 year reserve life on proven... is not exactly a selling point for anyone that considers themselves long... given that THIS most recent reserve report is going to be as good as it gets since even their greatest admirer, Shammy, concedes the next reserve report will be reduced by some factor due to asset dispositions...
as always it's just my opinion git yer own...