I enjoyed your post M-Dog.
"The recent debacles in PDP did come somewhat as a result of the failure of the Argentinian sale, but were more directly linked to the problems with the Colombia well. That well looks to have good production potential, but because of geological challenges (seismic, not surface problems), the well would be extremely challenging and expensive to produce."
Your comments highlight the fact that, sure there are billions of barrels of oil in the ground, but how economically feasible are they really to pump out?
"I do like the idea of CLL purchasing some of their outstanding notes back at pennies on the dollar. That really made me smile. In a very small way, that's a big of payback for the problems that the economy and markets have caused for everyone involved."
Amen! Once in a while we catch a break.
I'm looking forward to Q3, optimistic about:
MRC revenues
Low NG costs (seems to be a net benefit to the company)
Higher bitumen netbacks
Consolidation since July
