RE: POOR RESULTS - LOOK OUT BELOWNothing earth shattering from what they mailed out to investors over a month ago as far as their year ending 2008. But also nothing to be suprised about considering the ramp up issues that are going on specifically around steam production. Interesting that OPTI paid almost exactly the same for buying diluent and feedstock that they had in revenue from sales.
They also figure that the 6000/day that is hedged at $76/barrel will represent the majority of production sales for the entire 2009 year. I would have liked to see a more optimistic ramp up than that.
Cheers