This statement is most misleading because by exchanging bitumen and natural gas it has much the same effect as if it were their own./NN

This is a strong statement and you are not bringing any explanation. Since you are new to CLL, let me help you out.

CLL (LUKE) natural gas netbacks (excluding Capex) at today prices is about $2/GJ.

NG used at POD1 cost about $7/GJ (industrial rate from local supplier).

As per management statement at the Conference call POD1 Bitumen netbacks are in the $5 to $10/bbl range ($7 to 13 for Dil- Bit). MRC purchase their Dil-Bit at about $40 to $45/bbl.

As you can see there is no simple 1 to 1 exchange here. We pay for the NG and Dil-Bit much more then we are selling it for because we have no integration.

Remember? It is all about money. Everything else is just the noise.