I'm just not figured out if DG's decission on putting Algar on hold is a smart move.

It will take at least more then a year until this is finished.So what are the odds we still be at these oil prices?If he thinks we will still have oil below his targe price then we can forget about the whole thing I guess.

If he should sell MRC then he has a lot of cash again.The hedging stuff isn't helping so much IMO.Maybe it would be better to focus only on the SAGD exploiration .LUKE is maybe ok because they use gas .He bought MRC as a hedge for oil price but despite oil has come down he can't benefit even when it was to high because he lost on MRC too.So if you have MRC or not CLL will swing with oil price even if we are only a SAGD producers as well.

He will put POD 1 on 5.000 bpd.But that means his cash from 5.000 is half then on 10.000.So this means his working cost must be higher with 10.000 then with 5.000 otherwise you better can produce the same and sell at a loss but cash amount is twice.So his decission must have to do with operation cost price at 10.000 vs 5.000.

What do other oil sands producers.They must also selling at a loss at some point.