Re: Dondon and Rebels 1 : A Question
in response to
by
posted on
Jul 09, 2009 03:25PM
Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta
Skyhigh:
Thank you for demonstrating my point.
1. Assumptions regarding price of oil could be wrong. What happens as if some who are knowledgeable contend, we are headed in 2010 for severe economic distress lasting until 2012?
2. Assumption of hitting design capacity of POD 1. Has not been hit in over two years. Even with reworking and retrofit. So yes, it is an issue.
3. Pod 2 working precisely as designed is at present an assumption. Not to say it will not happen. But, for those of us here for a few years, we have heard it all before.
4. China and any potential for a "buy out", is pure speculation. Maybe and maybe not.
5. We have been seriously diluted with the result that many are now seriously under water with a long way to go to get our heads above water. And now, we have to risk more to get our cost down? You must be kidding!
Hope it does happen. But, I have no intention of wearing rose colored glasses and playing, "I hope, I hope".
Not being negative. Just realistic!
Brian