Re: Q2 and integrated model
in response to
by
posted on
Aug 14, 2008 11:58AM
Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta
However, as soon as you give up the refinery, we lose the leverage that Connacher has on "contract" refineries.
As always Brian you have some good points too.What I mean is ,that they must consider the fact if they will upgrade MRC what they gonna win.If it can be done with small amount of money and they could achieve doubble output or more sounds ok .
I'm also looking forward to see Jurek's new calculations coming up .Now we have some idea about price /bbl ,output and some idea of operating cost his numbers could be more accurate.
So on sp I think we will see some moves triggered by news from company,oil price behavior etc.In fact if we look to other even bigger oil sands or oil players they all have lost a lot of their momentum and until now are struggeling to regain uptrend.