Operating Costs ad COS leads the Pack in Firsts
I am wondering if anyone knows if the new wet crushing technology will provide and reduction in operating costs at Syncrude. In the latest presentation they are suggesting removing bottle necks that could potential increase production 12 million barrels a year. This has the potential of adding 12,000 boe a day to COS. So we are likely coming off one of the worst production quarters in the companies history. I am hoping in all these efforts that have not forgot about driving down costs, and good place to start is fire one of the two CEOs that are running the company and reduce the cost of management at COS because they not been effective. The worst monthly production numbers ever and the worst quarter for production results ever, Management has achieved a number of firsts. Let make another first, the first CEO to be replace in his first year at COS. I like to hear management take about how they will reduce the costs of managing the assets. A dismal quarter with oil prices at very high levels, maybe the plan is to create a market for SCO crude and then cut the supply....