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Re: ChallengerSRT8 post# 2292

Sunday, 05/12/2019 12:59:20 PM

Sunday, May 12, 2019 12:59:20 PM

Post# of 2595
The discount for heavy oil has been ranging from $15.00-$20.00 because of the lack of pipeline capacity. This puts the current price at about $46.-$51. At these prices, they could make a small profit but there would me no margin for further decreases in price.
It is better to wait until there is some stability in the market. On your other question. Yes the wells would have to be re-stamed and the equipment re-started. I have still been adding shares, but not been posting on the board, as there is not much to say at this point. It is just a matter of time IMHO before the pipeline capacity is increased and the price differential comes down. I can wait.

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