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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: CLL sesitivity to Oil price

Jurek

My numbers came from CLL,,you want to convince people that Connacher is lying by posting a bank analysts estimates then go ahead ( like the banks are real trustworthy). What you Don't take into consideration is that the amount of $ per barrel of bitumen required to cover costs varies on a quarterly basis. last Quarter would have been a 20 million profit had it not been for the one time 60 million debt restructuring costs. If you look at historical Bitumen prices the spread between WTI and Bitumen often NARROWS as WTI goes down. You also totally ignore the fact that as WTI goes down so does natural gas and other operating costs.You also ignore the fact that lower bitumen prices are offset with higher production..You don't consider the effect the Canadian dollar plays in operation costs.. ALL you do is look at the last quarter result and and try and convince people that CLL is going bankrupt without even thinking about how many variants are involved with costs..So if CONNACHER MANAGEMENT says $35 is what they need, I'll take their word over your opinion.

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