A spike in the global oil price and a rapidly narrowing discount has sent oil sands crude soaring to $89.25 a barrel from five-year lows of $45 in December.
Rick views this period as a reflection of the four times during his career that he’s seen absolute capitulation, which is setting the stage for a “spectacular recovery”.
About 300 workers, including mine staff and contractor employees, picketed at Langer Heinrich Uranium (LHU) mine last Thursday over pay and treatment by their employer.