Re: ALGAR ARPROVAL/Thank God
in response to
by
posted on
Nov 06, 2008 08:24AM
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
If this the case for next Q's for the Sagd don't you have some faith for better figures coming from MRC if oil could stay above 60?/ sharky
I do have some hope but not to much faith.
As of yesterday from Reuters:
"The profit margin or the crack spread , for making three barrels of crude into two barrels of gasoline and one of heating oil has dropped 81% to $3.38 since Sept 12.
The margin for refining crude to gasoline has been negative since Oct21"