Agoracom: Small Cap Investment - Connacher Oil and Gas - Re: Some News

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Re: Some News - UTS dragging us

in response to

posted on Sep 17, 2008 09:23AM

Just listened to UTS conference call. Will Roach CEO said @ $80.00 oil they would still be profitable even with increase in costs. At $100 very profitable. Biggest problem was overhead capital costs which on current estimate went from 35% to 65% of total costs. Trucks etc.

With SAGD this is less of a problem for Connacher than a mining op like UTS.

Brian

2 Recommendations

Next Q3

Sep 17, 2008 09:54AM

Re: Next Q3

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Re: Next Q3