RE: RE: RE: RE: RE: RE: BnnPie in the sky?
Draw a 2 year vrs 60k graph and draw a straight line from 15k/Jan 09 to 60k/Dec 2010 40k at the end of 09 is pretty close.
I guestimated $30/barrel operating expenses. This is a higher value than the normal full production ~$23/bl operating cost. It could be $40 if they are buying alot of bitumen...I don't know for sure; again though, not pie in the sky.
I did not factor in interest expenses or income taxes. EBITDA is an easier number to work with.
I'm sorry i offended you, I'm really trying to get some solid guestimates. Why do you think that we will only be at 25K at the end of the year?
Giver