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

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Message: A Counterveiling Opinion!
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Sharky:

It would appear that Connacher needs about $45.00 barrel oil to break even on a fully absorbed cost basis. If I were Gusella, I believe I would want to see oil move over my breakeven fully absorbed cost basis and continue firming to around $60.00 and stay there. This process would likely take at minimum, 4 to months to 6 months to complete from the time it began. So likely, barring international tensions, I would think around fourth quarter 2009 or first quarter 2010.

Brian



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