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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Thinking Positive?
posted on
Feb 19, 2009 09:01AM
There really isn't a lot to be positive about these days.
However, a brief ray of sunshine at the moment - with crude on Nymex being back up almost 10% right now on the day, and NG dropping to its lowest levels in four years, at least our cost for producing the bitumen is dropping (due to NG inputs) while hopefully, the slight rebound in crude will keep bitumen prices from crumbling?
But aside from that, the next few months are going to be pretty grim, IMO.