I posted before that CLL Q3 cash flow will be the best ever and we will not repeat this numbers for another 18 months or so.
Jurek
Think so too on the numbers .For next Q's oil price will be the drive for the sp. At the other hand the negative factor for the SAGD alone numbers is the bitumen price but don't we have a chance that MRC could gives us some support due to the oil price though right now it isn't the case it can be later on when ecomomic stimulation supports are getting some relief.
Valuation is a strange thing.Indeed we have the crisis right now but in 2006 we had no SAGD runing too and we are between 3 to 4.5 with a one shoot up to 5.25.Now we have almost 10.000 bpd output and we are below 2.
Other major oil stocks which have had a small run up are negative since a couple of days too.Probably because we are now below the 60 $ .Right now around 55 $.We could tough 50 eventually this week before we see some rebound.Opec will watch it too and probably take action again or make an announcement.If we don(t turn there that wouldn't be good.