MRC: Don't sell-You might get $80 million, if you pay off debt of 11% you save 8.8 million a year on interest but lose $9-13 Million on contribution. $9.5 in 2009 witch includes $4 million loss in 4th quarter due to maintenance. Expect $14 million contribution in 2010.
Conventional Oil: Sure increase production but it is probably limited.
Oil Sands: Simple but not so simple....produce more at Pod 1. Cash flow will increase by $7 million a month, when Algar becomes commercially viable later this year
Debt: I dislike debt as much as the next guy, I disagreed loudly on here about borrowing for Algar before approval. probably cost CLL about $30 million extra, unnecessary interest, which is a few ESP's........but the debt is a fact and it is manageable as long as Algar starts producing about 6000 bbl/d in Oct and ramps up from there.
Expansion: Wait until Algar produces, if it ramps up quickly debentures will become equity, then hit the debt markets again.
