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Welcome to the Connacher Oil and Gas Hub on AGORACOM

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

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Message: Oil prices are heading for $25 a barrel

If not, could CLL temporarily shut down pod1 and ride out the storm with just Luke and the Montana refinery?



Before POD 1 was producing MRC was the only benefit to earnings.Now with lower oil price maybe not in short time but after somemonths crack spread could be better and then we will see if their hedging strategy is working cause that was always what DG predicted .The whole concept of Connacher is based on a hedge system.

So when oil drops which has impact on bitumen sales ,MRC must take over the lead then.Will found out if this is the good strategy.

Strange thing is with the media when oil was up the put their targets higher and higher .Now we 're falling it's just the way around to fpund the bottom.?After all we are under 2/3 of the all time high for all right now.Also we don't hear no more talking about Iran and his nuclear program,Nigeria is also calm ,Venezuella's Chavez shuyt's his big mouth etc..I think all has to do with people's mind also.

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