New presentation
posted on
Nov 27, 2008 07:23PM
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
Another top-notch presentation.
The pictures are awesome, it's so nice to see tangible evidence of one's environmentally sensitive investments.
Quite a change in format at the end with respect to future world oil demand (next-to-last slide). Makes a lot of sense yet shows concern about low SP versus estimated supply shortages.
Has anyone seen another company so forthright with their presentations? For example slide 19 predicts a couple bad revenue years, next year 2009, and also 2013. Also slide 15 where the SOR for a good well versus an underperforming well is demonstrated, that's a really great picture that says "Hey this well pair is lagging behind the others, what can we do to improve it?"
The explanations within the presentations keep getting better. For example slide 6, note 1 ... "WTI to Gas Pricing, pre-payout new royalty regime, assumes trucking for transportation..."
I feel much better investing in Connacher than other smoke and mirrors establishments. Now for the price of crude to come back to reasonable levels ...