Re: Price Inflation

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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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rebels1

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Re: Price Inflation

in response to

Re: Price Inflation

sharky

posted on Aug 19, 2010 11:41AM

Hey Sharky

The CDN dollar is a touchy thing. If oil continues being sold in U.S dollars and the U.S dollar falls then oil will go up. That said it will become almost revenue neutral for CLL as high oil paid in lower value currency will balance out for CLL. However the big difference wil be where the debt is concerned as it will be paid back with a stronger dollar effectively reducing debt.

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