Re: "Oil at $60 a barrel does it for us,"
in response to
by
posted on
Sep 22, 2008 12:13AM
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
Accounting is not my thing! too , but indeed good discussions going on here.
I think it's very difficult to figure out exactly how much they can earn due to different changing cost one in positive and others more on the negative.
But I must say Jurek was very often in the neighbourhood with his calculations.
But if they can realize their 10.000 bpd by end this year and they could hold it at steady rate what is then the input for 2009.
For 2009 only thing we can look for is their output because on the Algar side we can't expect almost nothing .In fact when Algar comes on line by end 2009 their cost will rising due to the circulations phase which uses NG for 3 months with minor output.
So in the case of a steady flow in 2009 with the numbers calculated here on the board sp will not improve very much then on the SAGD deal?Any other ideas ?Downside is maybe low but an upside move for an outbreak out of the bandrange from 3 to latest 5.25 will be difficult.Or can we expect some help from MRC numbers ?
Something else.There is perhaps something going on, on short selling around the world.Today I saw an announcement that the CBFA will forbid short selling on financials in Belgium.