Results aren’t bad considering Looks like some increase in oil price hitting the bottom line. That’s good news.
Keep in mind they pulled this off with numerous head winds. Transportation issues for Canadian crude and lower price for same.
Hedges limiting upside on US crude. People may criticize this but I guess everyone forgot the hacienda hedge this year with the Mexicans betting the farm on oil in the 40’s. So it wasn’t too long ago the market was saying we will never see $50 oil again. How soon we forget.
Management has done a good job keeeping forward momentum. The Eagle Ford decision will likely turn out to save the biz. Let’s wait and see how the next quarters go. Getting can crude $s up along with US production is key. Higher oil all round is good. These are the set up quarters. It takes time but we are getting set to really take off
JMHO