Agoracom: Small Cap Investment - Connacher Oil and Gas - Re: Hedges

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

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Road_Warrior

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Re: Hedges - bbqdays

in response to

Hedges

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

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