Jets are taking off... not cooling off.. retail speculation is not going to take PTA to the moon.
those kinds of buyers have been absent for quite some time.
its the longer term bigger retail, and the institutional types
that are in. Some of us are attracted to this company for
its potentially, significant production growth, and so far we
have been rewarded very nicely. As well, the quality of oil
is very good (high API), which has flowed through to our
netbacks, which I believe are still around 70 dollars a barrel.
Its nice the price of oil is moving higher, but its the quality of
our oil, that really impresses..