Suncor LibyaSuncor is producing 50-60,000 bpd in Libya so the fact they are shutting down operations should have a negative impact on its share price, however the price of oil is currently up over 6% (+/- $5 barrel).
In Europe oil companies with Libyan exposure ended mostly down today
BP.L491.55-1.45
STL.OL 142.60 - 2.60
ENI.MI17.43-0.94
RDSA.L2,173.50-15.50
REP.MC23.94-0.63
from last conference call:
Greg Pardy - RBC Capital Markets, LLC
Just some of the questions I had were on some of the things you mentioned going into this and shorter-term issues, but Rick, what's the run rate now in Libya? If you go back up to full quarter, are you back up to 60,000 barrels a day?
Rick George
Yes, in that 40,000 to 50,000 barrel a day kind of range, net to us. So that's our 50%.