RE: RE: Oil prices continue up Rockoilscissors
No doubt Q1 production will be quite low given Jan. and Feb. results. You may be right that March production is still low which would explain the $8 + /bo positive differential syncrude is enjoying over WTI. My question is where did you hear about March production continuing to be low? This would also explain why COS has been stuck at $20+ / sh despite the dramatic rise in crude oil prices.
If production continues down in March then it appears to me that some in the investment community are getting that information early and selling the stock. That seems like insider trading to me.
If true, management can no longer hide in a shell without issuing press releases. Withholding timely information from the broader market seems to benefit some at the expense of others.