Market Impact: Neutral. Husky announced its second processing plant ("Plant 1B") at its Sunrise SAGD oilsands project has started steam operations, with first oil expected later this year. In the press release for 2Q15 financial results, first oil was expected for 3Q15e and it appears this won't happen until 4Q15e, but we are not concerned about this shift in timing.
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STEAMING COMMENCES AT SECOND SUNRISE PLANT
- Published:
01 Sep 2015 -
Author:
Michael P. Dunn -
Pages:
2
Market Impact: Neutral. Husky announced its second processing plant ("Plant 1B") at its Sunrise SAGD oilsands project has started steam operations, with first oil expected later this year. In the press release for 2Q15 financial results, first oil was expected for 3Q15e and it appears this won't happen until 4Q15e, but we are not concerned about this shift in timing.