RE:RE:Upgraders Value in Question??
The resource is significant and the potential resource is significantly understated. What value do you think the company gets for its potential reserves, zero because it is not even trading at the value of the plant. The business that should be a business of significant value is also valued at practically nothing. My point is this, if you have an engine that potentially can produce 375,000 boe a day and the upgrader fails, what are you doing with that 125,000 potential boe bitumen that you could be producing a day. My guess is that we would be ahead of where we are if we were producing 375 boe a day of bitumen and had no upgrader. A plan should be put in place to sell bitumen to address the poor performance track record of the upgrader. Has it not be Syncrude plan to raise capacity and sell bitumen in the future, lets start selling it now!