I appreciate the expertise on this thread.
I did not know that it's heavy as opposed to oilsands oil. Nevertheless, it is my understanding that there is a huge discount offered in pricing for heavy oil and a further problem with pipeline constraints making it difficult (more expensive?) to get it to market. Why not institute a modest dividend instead? I'm not an expert but simply feel that the SAGD spending is a bad gamble at this particular time. Aren't labour/material costs sky high in Alberta right now?