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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: Effect of the fear

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Feb 06, 2010 03:31PM
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Feb 06, 2010 07:14PM

Hi Spide,

Knowing you, I suspect that your post and recommendations are a weekend joke.

Dondon, you Spide and 4 other posters are suggesting that higher $US is good for CLL because it increase the price of OIL (or bitumen) in Canadian Dollars.

Let see... since a beginning of the year the rise of $US have a major impact on commodity prices across the board, including metals (cooper crush from 3.5 to 2.8) and energy.

Oil droped from $84 to $72.

Dil-Bit and Bitumen prices in $CND dropped by $7 /bbl.

How this could be good for CLL?

I am not sure if anybody notice that CLL SP dropped from $1.6 to $1.2

Just to summarize, despise Dondon assurances, strong $US is not good for CLL operational cash flow and the suggestion that CLL is getting paid for OIL in $US is nonsense.

I hope that the OIL prices will stabelize at this level and the excitement related to ALGAR will move the CLL SP to $1.6 level.

Good luck, Jurek.

PS. $US strengthen mainly against $Euro and $Yen. I have seen the commends tonight that the $Euro will get back to par with the $US.


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