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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: high oil prices

Very good idea's posted here around the hedging issue.

A 100 $ targte oil price for a hedge wouldn't be bad.Then they secured the cash income .They stated if I'm correct that they need 60 $ oil .The latest hedge was below that target beause they were to late to act.

So around a 100 $ would not be bad even if the price get higher.I also assume the economy is to fragile to bear a much higher price and for a second round of supporting measures I don't see directly wezre they will found the money.The balance sheets are for many states far in the red .

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