Re: conference call link?
in response to
by
posted on
Nov 19, 2008 10:23AM
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
That's a good question, but I would consider the average price. If break-even is around $50, we could conceivably break even if the price dropped to $40 for a couple months, then bumped back up to $60 for a couple months.
Still ... there are so many variables involved, it's pretty hard to pick a solid number without some stability in the marketplace for a couple of quarters I would think.
I like your question though, and would also appreciate hearing predictions.