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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: Some interesting read
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Apr 19, 2011 05:24PM
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Apr 21, 2011 01:04PM

Apr 21, 2011 09:52PM

Apr 22, 2011 02:53AM

I am not sure what you mean by not much time left.

Another positive these days is the increase flow in Enbridge line. This means more crude flowing which should decrease light/heavy oil spread which tends to lead to higher bitumen pricing. Bitumen has been inching up. When the June contract runs out we will also see $15/bbl more for 2000 bbl/d, from hedging contracts. Even though we are getting beat up on these that still means $30000 more a day at wti, or about $20000 a day at Dil-bit.

Always a big unknown is production. If they come out with production near 16000/bbld in April, and lower light/heavy spread, SP will touch near $2.00.


Apr 22, 2011 11:32AM

Apr 22, 2011 04:51PM
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