Re: Connacher's Montana Refining Co. Inc. in the News
in response to
by
posted on
Sep 25, 2008 10:11PM
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
1. I agree with Marlboro. MRC and Algar are two independent projects. Projected pipeline will connect POD1 and Algar with local terminal (most likely MEG Energy Plant) as per CLL plans. MRC have and will purchase oil from local suppliers.
2. I think (correct me if I am wrong) the news said that CLL awarded the CH2M HILL to look at potential upgrades. Is this a visibility study or design and upgrade contract?
3.If this is a contract to upgrade the MRC to 35,000 b/d one must ask the question: how this may effect the CLL share price? Is this a good news for shareholders bad or neutral? What do you think?