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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: Dil-Bit price
1
Oct 31, 2008 11:22AM

Jurek

Is there no chart available for dil-bit to compare with WTI chart.

If DG talks about his 60 $ oil price what does he mean by that?Is it about WTI or Alberta dil-bit?

So we are now at same all price when they started to make their plan for Algar.



















I agree with you the more we can proceed on Algar is of course the best case.

But like previously announced DG has cut back his upgrade plans for MRC so that alone changes views on future.To me very hard to figure out how things will impact the numbers.Plans could be changed ,which could positively impact results or some coud be negative ,but DG and team do follow up their cost base .In the past big companies like Suncor or Encana were all built at much lower oil price and are profitable today .But again if Algar is finished next year we have for sure much better future then we have now.

Looked to chart of CLl too and yes it looks not bad.Notice that the gap is closed too between Oktober 21 and 22.

Next week could be good as well with election.

Does anyone know when Cabinet has his next meeting ?


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