Connacher is hedged because of their refining capacity, which is actually greater than their bitumen production right now, so bitumen prices are a moot point in the scheme of things.

Further, why are people posting analyst opinions ("oil to go to 50 in 3 months')? Has any analyst predicted anything in the last year?

As for predictions, heres one:

Obama's cash grab and tax hikes for the rich (especially a hike to capital gains tax) continues to pummel markets. Recession last as long as his socialist regime (4 years). By then, we see, (as we saw in the early 80's when ultra left-wing Carter was replaced by laissez-faire free marketer Reagan) a president who cares about anyone who actually works for a living. Job losses will continue as people who saw their RRSP's and 401K's shrivel can no longer afford to retire, pushing up-and-comers out of the job market.

As for CLL preditions:

Sitting on some great reserves...Suncor buys them out to feed Voyageur Upgrader as opposed to buying 3rd party bitumen.