RE:RE:North Pouce Coupe Pablo, thanks for taking the time and effort to illustrate key issues facing Kelt/Mgmnt by pontificating the reality check of a dated, small scale corporate strategy w/over reliance upon 3rd party facilities while lacking hedging interest/ expertise to offset negative spot pricing BUT eventually selling out to same for a premium? The romance strategy built into the operation falls apart during prolonged cyclical price adjustments without guard rails. Back in the 1900's these smaller companies could snipe away at the majors and get a slice, now the scale, expertise,capital and overall horsepower of companies like CNQ simply squeeze those without
Unfortunately Nuttal may have been kind by simply stating he wasn't sure what there strategy was? So far it's been over promising,under delivering whilst insiders/contractors compete to sell at decreasing highs..IMHO thus new name,same game where only insiders get paid to wait..Bad Optics