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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: Hedges - bbqdays
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Hedges

bbqdays
Jul 23, 2009 03:44PM
Re: Hedges

dondon
Jul 23, 2009 03:57PM

Re: Hedges - bbqdays

in response to
Hedges
by
bbqdays
posted on Jul 23, 2009 04:11PM

If I am not mistaken the first hedge ends August 30th and the second hedge ends December 30th.

We got caught before because we didn't lock in hedges last year when oil was trading at a high price. With the price of oil trading up now I think Connacher should roll the 1st hedge over when it comes due, if the price of oil is over the $65 WTI model price that Connacher is using in its financial modelling as management is comfortable with making a profit at this level.

Best Wishes; Scott

Re: Hedges - bbqdays

BKM8572
Jul 23, 2009 06:04PM
Re: Hedges

toolbar
Jul 24, 2009 02:08AM
Re: Hedges

dondon
Jul 24, 2009 12:05PM
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