RE:Analyst Comment- this guy, Paul Harris; DOESN'T KNOW WHAT HE IS TALKING ABOUT
- CVE is a MUCH BETTER company than either CNQ or Suncor from as ASSET-BASED point of view
* Chistina Lake and Foster Creek are the CROWN JEWELS of the Canadian crude oil PRODUCTION SITES
- CVE has HAD TWO MAJOR PROBLEMS that have DESTROYED SHAREHOLDER VALUE
1- BAD HEDGING; thankfully we are OVER this PHASE
2- UNRELIABLE and HARSH OPERATING ENVIROMENT in the US REFINERY SEGMENT that is BEING HEAVILY INTEGRATED and MODERNIZED to CORRECT EQUIPMENT FAILURE and SUBPAR OPERATING PROCEDURES
- as the 100% OWNED and OPERATED US REFINERIES are UPGRADED and OPTIMIZED, the HUGE FREE CASH FLOWS will FOLLOW as the OPERATING MARGINS ARE CAPTURED SYSTEMATICALLY
z173