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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

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Message: Re: Peak Oil / Sharky
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Oct 23, 2008 11:25AM
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Oct 24, 2008 04:22AM


Sharky.... One thing everyone must remember is that whenever there's a U.S election oil prices drop until after the election.. There's also some speculation that one of the main reasons that the U.S Markets are tumbling is that people are now convinced the High taxing Obama, (who will be going after capital gains) will be elected and they're selling assets and moving them off shore.

ALSO you must remember that the Canadian dollar is now just a tad under .79... which compensates for lower oil prices..

Refining margins should be better with the lower oil prices and dollar..

One question that would be interesting to find out is that when DG said we could be profitable at $60,,was he talking about when our dollar was at par?


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