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Heavy oil profitability took a big jump in the Clearwater area.
The company now has cash flow options during industry downturns.
Heavy oil is already more profitable than light oil during times of strong pricing. The announcement builds on that lead and promises some decent cash flow during industry downturns.
Ironically the heavy oil is on the verge of becoming a better business than the light oil for the company.
The future of the common stock just improved quite a bit over a bright future.