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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: ALGAR ARPROVAL/Thank God
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Nov 06, 2008 08:06AM

If this the case for next Q's for the Sagd don't you have some faith for better figures coming from MRC if oil could stay above 60?/ sharky

I do have some hope but not to much faith.

As of yesterday from Reuters:

"The profit margin or the crack spread , for making three barrels of crude into two barrels of gasoline and one of heating oil has dropped 81% to $3.38 since Sept 12.

The margin for refining crude to gasoline has been negative since Oct21"


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