Post by
uograd on Feb 03, 2010 1:06pm
I'm in
Trader not a lover but this has been beat up too much too quick to not take notice. Just took out the 50,000 at .15.
The guys at harvest aren't idiots so if they put Scottish Bob and crew on notice to drill it is because they feel there is good things to come out of the ground. Operational problems in Lloydminister are common but there is lots of local knowledge to figure out how to keep the sound from plugging up the perfs.
Price of heavy oil is solid, differential is almost non existant so risk has been minimized.
I won't be here long but expect we should get a bounce back in the next few days.
Good luck to all.