Oil is still at 80$ a barrel and may correct much more but will always have value. Even in the crash of 2008, we hit bottom at 33$. I am no expert here but if we get can oil out of oil sands at about $15 a barrel, I would think that it would be even cheaper with underwater reservoires. The price so far is holding very well at the PP level-a pp that was done with NO warrants. That is a good sign also.

Glorieux