Quote:
Originally Posted by bizaro86
I don't agree with that. The company that bought them (Cona) has a bunch of little SAGD assets in Saskatchewan. The way lower SORs of these assets (and Lindberg is comparably very low) make them easier to operate at a lesser scale.
Pengrowth had some good assets. If they would have raised equity 3-4 years ago when their shares were higher to pay of debt I think they'd be fine right now.
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Sask has different rules around water treatment ect that drive up the cost here in Alberta. All the smaller AB based SAGD operators have gone belly up, Connacher, Pengrowth, Sunshine. Athabasca is circling the drain. Who knows if Cona, JACOS or OSUM are actually making money, they are either private or buried in a parent with deep pockets.