No such message found

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

Free
Message: Re: Faith in MNGMT

Jun 02, 2009 06:35AM
3
Jun 02, 2009 07:56AM

Jun 02, 2009 08:25AM

Jun 02, 2009 08:54AM

Jun 02, 2009 09:17AM

Jun 02, 2009 09:22AM

Jun 02, 2009 09:28AM

Jun 02, 2009 09:41AM

Jun 02, 2009 09:45AM
1
Jun 02, 2009 10:21AM

Jun 02, 2009 10:33AM
1
Jun 02, 2009 10:52AM

Jun 02, 2009 10:57AM

Jun 02, 2009 11:06AM

Jun 02, 2009 11:15AM

Jun 02, 2009 11:24AM

Jun 02, 2009 11:40AM
1
Jun 02, 2009 11:57AM
1
Jun 02, 2009 11:59AM

Jun 02, 2009 12:08PM

Jun 02, 2009 12:35PM
1
Jun 02, 2009 12:53PM

Jun 02, 2009 12:57PM

Sharky:

"They burned to much cash and made wrong decisions.One of the last was curtailing pod 1 for only a few weeks cause oil price made a quick dive.They were at nearly 10.000 bpd and after the curtailing they needed ESP pumps"

I know you're a technically minded trader so I understand where you're coming from..When the decision to curtail POD 1 was made oil was in the 30's trending down and in a serious contango situation.Obama was in FULL DOOM AND GLOOM MODE and demand was tanking. It would have been foolish to continue pumping out oil when prices and demand were tanking, especially if you've got limited storage capacity...EVERYONE was cutting back production at the time.

Hindsight is 20/20 If Management didn't cut production ( and expansion of Algar) and oil went down to the low 20's as some were predicting,and demand continued to fall, I SUPPOSE EVERYONE WOULD STILL BE BIATCHING but about how irresponsible management was for NOT cutting production.


Jun 02, 2009 01:23PM
3
Jun 02, 2009 08:19PM
1
Jun 03, 2009 05:16AM

Jun 03, 2009 05:30AM
2
Jun 03, 2009 06:03AM
7
Jun 03, 2009 06:53AM
2
Jun 03, 2009 07:28AM
3
Jun 03, 2009 07:55AM
5
Jun 03, 2009 08:03AM
2
Jun 03, 2009 08:06AM

Jun 03, 2009 08:10AM
1
Jun 03, 2009 08:14AM
1
Jun 03, 2009 08:36AM
1
Jun 03, 2009 08:53AM

Jun 03, 2009 09:07AM

Jun 03, 2009 09:18AM

Jun 03, 2009 09:26AM

Jun 03, 2009 09:43AM

Jun 03, 2009 09:49AM

Jun 03, 2009 10:14AM

Jun 03, 2009 10:16AM

Jun 03, 2009 10:20AM

Jun 03, 2009 10:36AM

Jun 03, 2009 10:40AM

Jun 03, 2009 10:46AM

Jun 03, 2009 10:54AM

Jun 03, 2009 11:23AM
Share
New Message
Please login to post a reply