RE: RE: opti should let total take them out
hehehe tapout ur totally wrong....people dont by oil sand assets for current oil prices....they look at future returns..do u think total was crazy to offer uts 700 million low ball offer for a non producing asset without any upgraders in place...hehehehe.....opti is a running producer..with huge investments in place...any anybody would like to take it from there in these market conditions at the cheapest price possible...u think what when oil is trading at 70 $ in 6 mths down the road this would be trading at 1.00 hehehehe....besides most of their production is hedged at 70 $ oil.....so doesnt matter what u think...this one without the impairment charge would have made 100 + million this quater..production is only going up from here and cash is going up as contracts are hedged....