Re: latest uptik

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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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spiderman8

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Re: latest uptik

in response to

Re: latest uptik

jurek

posted on Mar 09, 2010 04:59PM

I base it on WTI, then subtract out, the differentials to come up with a bitumen price. I don't talk bitumen price on here because too many people wouldn't have a clue. At 78-80 WTI they do get about $50 bitumen, then about $33 netback. One hedge at $78, one at $79.02 until end of April, the rest at market.