The earnings number by itself will not give you the idea about how the company is doing.

Earnings are the accounting science and not the real indicator of the company "health". CLL already telegraphed the production level and debt restructuring charges (10 to 15 cents per share) which will effect the earning numbers.

With average price of bitumen in Q2 (~$54bbl) and the Total cost about $50/bbl you should know the rest of the story.

The only question is will the investor look in to the future. Current Bitumen price dropped to $37/bbl which well below their total cost.

PS. Just for your future references.

$60 WTI in normal conditions (open pipelines to your Tea Party Boss refineries in US) translates to about $28 to $30/bbl of bitumen at CLL wellheads.

$80 WTI would give about $40/bbl of bitumen.