Nothing wrong with going long, but it is very easy to preach patience when short term goals are not being met. Short term production is well under capacity which means they spent more per flowing barrel then advertised. Also means they still are not taking advantage of recent,decent dil-bit pricing.

The impending refinance may help if it is done right. The way I see it is, they do not have to do anything unless it actually saves them money. I don't think it will include any expansion money, they made that mistake before when they borrowed before getting appoval. A better financing now will allow proper expansion funds when needed.