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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: Hard times

Sep 27, 2010 07:02AM

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Sep 28, 2010 12:28PM

Sep 29, 2010 10:15AM

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Sep 30, 2010 06:29AM

Sharky:

I am sorry to hear that Opel is doing so badly, but not surprised. I used to call on them in Deutschland at Russelsheim, Kaiserslautern and Cadix in Espagna as well as European HQ in Paris.

Things are looking good for the oil price with WTI at $78.75 and Brent at at $81.98 this morning. Now we need the price differential for bitumen to tighten up a bit more closely to WTI and Brent.

Connacher should be announcing commercial operations any day at Algar. Now we need increasing production at Pod 1 and the price of oil to sustain itself without going too high and destroying demand.

Brian

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