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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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Message: Re: The way ahead

Mar 26, 2009 05:51AM

I'm not in the Peak Oil camp yet. In fact "...crude in storage last week rose 3.3 million barrels to 356.6 million barrels, according to the Energy Information Administration Wednesday, much more than what was expected."

I noted during the conference call last week, someone from Connacher said plans to develop the oil sands were based around a (WTI?) price range of $65 to $80/bbl. That seems high to me though.

Also now there are financing issues that need to be worked out, that weren't previously present. I like your thinking Scott, this fall would be great.


Mar 26, 2009 07:20AM
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