RE:RE:Condensate is 82 dollarsthis will take time....
i believe costs are high. and I believe the reserve report came up light.
pablo87 wrote: Normally I would say this is going to take time, the industry is in the doldrums, they are still 62% gas and investors want to see if mgmt can execute.
But there are short term positive catalysts in play here - the rising price of condensate, debt reduction with asset sales, and acquisition opportunities.
There was an article recently about a new method of diluting heavy oil and what I gleaned from it was that it was years away and the oil sands industry needs it badly because their dependency on condensate and its rising price is a problem for them.