Re: Poor Production
in response to
by
posted on
Jul 14, 2009 03:47PM
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
BBQ:
It is not quite as bad as one might conclude. Yes we would have lost some barrels at a very low price. But, as it turns out, we would have gained additonal barrels at the higher prices of the last few months. So, lets say on that score to date, we would have broken even. But, we would still be producing at a rate of + 3,300 BBL/DAY at the current significantly improved margins. By now, the cumulative difference would have made a significant difference in total integrated cash flow generation and continuing to grow.
Brian