GREY:TBTEF - Post by User
Post by
bshort92on May 14, 2013 5:01pm
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Post# 21411531
Washout
Washout Still expecting Q1 to be a train wreck based on extra wide differentials and the Primate production shortfall. If netbacks crater to say RE's level of $13.96 then expect a major cut to the dividend. Shares probably will open at $1.80 a share if not lower. Seems like the players are headed over to the RMP story leaving this heavy oil outfit for a better upside in light oil. Smart heavy oil operators like Gear and Northern Blizzard can capitalize on being privately held concerns. Might be the only structure to make money in heavy oil going forward.It's not like a wave of M&A is perculating in the sector.