Re: thoughts why CLL keeps dropping? (BBQ)
in response to
by
posted on
Oct 05, 2008 06:24AM
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
If you will recall, most here likely bought Connacher when oil was in the $60.00 or even below area and Connacher was still at least two years from production. It is amazing how we have changed our expectations in just two short years. The markets will adjust. One such adjustment is the prices that contractors can charge for labor, materials and overehead. At least in the short to mid term.
Yes at 60 average.Strange now we are almost producing 10.000 bpd value is much lower.Around 80 is some support too if we go through 90.
In fact at current sp we are very low priced