Posted by Attorney30 : 4/11/2010 11:19:40 PMI can't repeat enough how important Q1 update on April 29th - and Q2 update on July 16th will be. If OPC/NXY have turned the bitumen production spigot on Long Lake to full (i.e. over 25,000 bpd) then this stock will be a take-over darling. The share price will soar towards $3. If production crosses 30,000 bpd, the share price moves to $3.50ish. Take-over price is towards $4.
Can we have some views on bitumen production and the production profile on Long Lake?
p.s. NXY is selling off heavy oil assets (i.e. read as not Long Lake) to raise money to pour into Long Lake and the North Sea.