GREY:SYTHF - Post by User
Comment by
claritason Apr 28, 2008 4:43pm
350 Views
Post# 15016758
RE: Deal
RE: DealThe reality is that things have changed over the years. Costs have risen and the credit markets have tanked.
Synenco simply did not have the capital base to finance development and had to sell out.
I think other small oil sands companies will face the same reality check.
Large companies can take the longer term view and have the capital to hold on to these assets and develop them in the best economic terms.