Welcome to the Connacher Oil and Gas Hub on AGORACOM

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

Free
Message: Q2 and integrated model

But I think we are losing sight of one thing: didn't the investment in MRC get paid off, by the refinery profits, within about 15 months of purchase? It's kind of like the free shares that were discussed earlier - does it really matter right now if they are going through a period with no profitability? The industry is cyclical, and eventually we'll start getting refinery profits again from a "free" asset.



Share
New Message
Please login to post a reply