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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Message: Hedging

ok so the following is IMHO but all the rhetoric and some facts especially the direction that the Oil consumption based in the auto industry seems to be heading towards alternatives to Oil,reason being present Autos are not feasible given a higher price of bbl,ergo Oil will go higher in their view,World economies are gearing for recovery which implies DEMAND will increase ergo Oil price will rise,throw in uncertainty of Terrorism and again it implies an escalating price for bbl Connacher and the rest of the Tar Sand gang need a higher price so as to remain viable,for me the "clues" all indicate a rise in BBL again JMVHO..

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