RE: Why the volume ???!!!So I guess that puts Opti's reserve of 2.2 billion barrels at ~$1.3B.....if they had nothing on site.
OPTI's portion of the upgrader...~$2.1B...that pretty much covers the debt value.
Since the upgrader and the bank debt cancel each other out, 2.2 B barrels of reserves at 60 cents/barrel = $1.32 billion. Divide by 200 million shares = $6.6/share!!!!!!!! And that's calling every barrel at only 60 cents!!!!!!!
What's a fair value of the 800 million barrels at the long lake site now that an upgrader is in place? I've heard anywhere between $8-15 per barrel. Any comments on that?
$10/barrel = $50/share, ..............and I'm only talking about the first 800 million!
Orcrude!!!! WHo cares if it works or not!!! Nat gas going to $1, Oil going to $100 !? BIG Profits here folks, either way.
Giver