its like trading $1.00 for 50 cents....thank god for all that sunk capital!
I am going to ride this train until I retire - fort mac operator 4 life and they fly me anywhere in Canada
This place has a control room. And then another control room (IOC), and then another control room in Calgary
They'd absolutely run from Surmont if they could recoup about $3B for their 50%. Nobody wants to take their money and lose it at $10/bbl. would you?
Yes.
So you guys think they are selling surmont also and get totally out of Canada?
Best case scenario is for a company that has no presence currently in Alberta but wants to get in the game.
possibly; now we just need to figure out which company is doing it and we'll know who bought the rest of ConocoPhillips Canada...