Imperial is the real managementWhat part of Imperial being the operator do you "bad management" people not understand? COS has little to do with what is really happening at Syncrude. These efficiences are coming to fruition due to the operators actions, not COS management.
I believe management could have hedged agains the USD for their portion debt payments though (which is something that is in their control).
On another note, I am wondering what some of your strategies will be if you are going to add to your position soon. Will you be adding after you see a bounce in crude by say 7-10%? I welcome your responses.
416