Re: Connacher's Montana Refining Co. Inc. in the News
in response to
by
posted on
Sep 27, 2008 01:03PM
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
I believe oil will go up. Therefore selling prices at refineries will also go up. If refineries couldn't raise pricing they would have been out of business long ago. Most if not all refineries lost their margins on the oil spike because of contract pricing on items they had committed to. They will adapt.