November production down Syncrudes November production was ~283,500 bopd. The footnote intending to explain why reads as follows
"November production was impacted by outages in the ore preparation equipment in extraction."
Recall that the last three months Syncrude averaged ~ 333,000 bopd so that is a big drop
A few things that trouble me are
- Why didn't the company put out a press release on this earlier?
- The production problem explains to me why the stock has continued to be under pressure assuming this information was known by some
- Are the outages in the ore preparation equipment in extraction referred to fixed?