Re: $50/barrel line in the sand

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

Reply New Message

Prev Message Back To Forum Threaded View Next Message

denby45

Rank: Treasurer [?]

Points: 347 [?]

Votes: 7 Score: 3.8 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: $50/barrel line in the sand

in response to

Re: $50/barrel line in the sand

AdMark

posted on Nov 15, 2008 05:50AM

Thanks Ad

I thought I read that somewhere but could not find it back. Yes $50 will be our target break even but I think and hope that $50 oil will be a distant memory by the time Algar is at 10,000. Then we can all relax and be happy with our excellent judgement to hang on through thick and thin. Maybe we can all get together for a few glasses to celebrate, never been to Canada before even though I work for a Canadian company (IMV Projects) and hope to be able to travel first class to meet with you guys.

Congrats again to Jurek again for being so accurate with his forecasts. as you are so accurate I request that you revise upwards for your next one to keep us all happy.