TSX:HSE.PR.B - Post by User
Post by
Nawaralsaadion Nov 03, 2011 11:09am
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Post# 19205572
mixed report
mixed reportthe report is certainly weaker then I expected, it seems the major fall is from the Lima inability to get crude at WTI prices due to issues with the Enbridge pipeline system; as for production it was slightly lower then I expected, however the Rainbow pipeline had still some lingering effects; also the discount on Heavy crude a bit higher then expected; Tucker on the other hand is doing good at 9K Bpd exit rate by the end of the quarter; while all their growth projects seems to be well on track; the company has massive liquidity they have $1.77B in cash, and $3.2B in undrawn credit lines; my guess some of that liquidity would go toward an acquisition or a deal of some sorts..
the CC should be interesting...
Regards,
Nawar