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