Good News (MRC)

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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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jurek

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Good News (MRC)

posted on Feb 12, 2009 09:28AM

Well, in the deep sea of misery there is a good news.

The Crack Spread (refining margin) is moving up in last several trading session.

http://www.bloomberg.com/apps/quote?...

From the IV Energy board:

"This is interesting - crude is in oversupply and the price is collapsing.

At the same time - the BK of Crescent last week has made gasoline unavailable to some Midwestern retailers, and some seasonal maintenance and other outages has led to a BIG spike in wholesale gas prices over the past week - especially on the West Coast.