Q1 and hope for the futureI was considering the first quarter anticipated results and it seems to me that while the net oil price received for SCO was about 6% lower than anticipated in the company provided guidance the production was about 6% higher so I think it will come in on budget assuming the cost savings meet targets. That said the current price COS is receiving is about 10% + higher than budgeted and if production continues to run above budget and costs come in line with budget the rest of the year should be a surprise to the upside rather than a disappointment.
The sense of urgency forced upon the industry as a result of a oil price war may be the long-term fix Syncrude and others needed.