posted on
Oct 18, 2008 05:50AM
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
Message: Re: BNN
The comments about no expansion without oil being over $100 don't jibe with anything that's come from Connacher in the past. Quite the opposite in fact, I believe Connacher has said it needs Algar running to be profitable in the event of a serious downturn in the price of oil.
I can't find my copy of Alberta Oil at the moment, but there was an article explaining that the oil sands industry in general is unique, in that their projects are very conservatively undertaken assuming an average price of $60 per barrel.
-bbq
Loading...
Loading...
New Message
Please
login
to post a reply