Sharky, Sharky, Sharky....

...i compare it to someone who bought an old house with a credit.If the house is restored the credit facility becomes better...

How do you renovate your old house when you have THE Cash Flow problem and the only way to pay your mortgage payments you have to borrow from Peter to pay the Paul?

...The market put a value at 5 $ pre crisis situation with pod 1....

Were did you get this idea?

For better or worst the Oil-Sand companies are value by the discounted NAVPS (2P+2C - debt).

The discount depends on the debt /cash flow situation, credibility of the management and other issues. In the case of the CLL the discounted 2P+ 2C is in range of $1.75 (Scotia capital) to $2.5 (RJ).