Re: OIL and US$
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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
Message: OIL and US$
Commodity prices going nuts on short covering thanks to Federal Reserve announcement which had dramatic effect on $US.
Canadian Dollar moved up 5% against $US in last 3 days. This will have some inverse impact on the OIL and Bitumen priced in $CND.
The degree of the $US decline is just unbelievable. Look at updated chart.
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