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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: MRCI Impact
1
Mar 26, 2009 05:16PM


Sorry, did not look at the board recently to much. Have been actively preoccupied with the Public Enquire of Robert Dziekanski in Vancouver.

I see the "venting out" after the 2008 Report is in progress. Good work.

bbg, you are right about "statements at odds".

Remember that the only thing you can trust on 2008 CLL report is the numbers related to financial statements which are reported on the Sedar Filings. They are legally binding.

Everything else: see the long disclaimer at the end of the Report.

I think it has been proved over and over again the so call integrated model is just a theoretical model and the LUKE (natural gas) and the MRC did not and most likely will not contribute to CLL Free Cash Flow in any significant way (free cash flow =cash flow - Capex).



Some new posters spreading the misinformation. Remember that the higher the oil price the lower the margins on the refining.

NG prices are in the lowest levels in years and the spread between LUKE netbacks and what we pay for POD1 NG is about $4 to $5. We do not have the FREE NG to use at POD1. About $200 millions we paid for LUKE, on the Free Cash Flow bases is dead money.

Also WTI hedges we have, are working against the increasing Bitumen prices.

$150 millions +++ CLL cash flow ....... is this qualifies for hyping and removing ?


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