Asset sales?Opti has too little cash flow and too much debt. During the Q1 conf call, mgmt acknowledged that reduction of debt was a high priority for the company.
Nexen is sitting on 1.5 billion in cash from asset sales. I would guess that Opti will be selling another chunk of Long Lake to Nexen in the near future. Opti does not seem to have deep enough pockets to pay down their 2.1 billion in debt and fund 35% of the costs for expansion.