GREY:CLLZF - Post by User
Comment by
ElJon Aug 09, 2011 10:14pm
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Post# 18924514
RE: RE: FYI
RE: RE: FYII project that Q2, 2011 Revenues(before Royalties) will be close to $200 million with small(approx. $4million) contribution from the Conventional Oil & Gas side of the business. I anticipate
- improved refining margin in Q2 compared to Q1,2011
- but I expect a significant charge for the Financing re-structure changes accomplished during Q2, 2011.
- I anticipate that following the Q2, 2011 earnings release that Q3, 2010 will remain the only pos. earnings per share during the past 15 months,(i.e. negative again in Q2, 2011).
This is a company that is confronted with on-going serious capital requirements to accomplish an operating vision of almost self-financing after pod 3 and pod 4 are built and commissioned in the future........ do they also need to increase refining capacity now that Alger is operating and an unbalance has been generated between SAGD Oil Sands production and their Refining capacity in the U.S. plant ?
Peace,
Good decision-making to All,
ElJ