MRC outlook

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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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jurek

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MRC outlook

posted on Apr 28, 2010 01:32PM

Q1/2010 MRC refining margin may not look good.

The largest US independent refinery Valero Energy reported a first quarter loss of U$0.20 per share but should return to profitability in the second quarter. Credit Suisse has a cautiously optimistic outlook on the refining market and the prospects for Valero as the economic recovery appears to be solidifying.

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