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: Re: You guys are giving me a headache!
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Apr 20, 2009 11:28AM
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Apr 20, 2009 01:01PM

Apr 21, 2009 10:43AM

Apr 21, 2009 11:24AM

Apr 21, 2009 11:38AM
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Apr 21, 2009 11:38AM

Moneytospend:

In response to your questions.

1. Connacher is no different than most companies with respect to their communications to shareholders. That means that communications by the company need to be carefully read. This is true of all companies as it is in no companys interest to communicate to shareholders in a fashion which causes an adverse reaction to all other shareholders interests. Such in my opinion is wise, fits with legal requirements regarding disclosure and yet does not mandate unreasonable negative reporting.

2. Connacher as all small oil companies, find themselves in a difficult environment.. This is particularly true of producers of petroleum from the oil sands as it is inherently a more expensive process for production. Yet, Connacher has been able to manage this stiuaion by managing efficencies and hedging 50% of their production at a price which provides for at least break even operation.

3. Without question, Connacher and the Oil Sands industry is in a difficult period. In my opinion, Connacher has done as well as can be expected to make possible success in such an environment. That said, there are certainly no guarantees. Of course, there are no guarantees with any investment.

4. It is my hope that I have bugun a process which others will pick up on and add to what I can bring to your awareness and others like you.



Brian



2
Apr 21, 2009 08:16PM
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