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

Free
Message: exchange rate pros and cons??

exchange rate pros and cons??

posted on Nov 16, 2009 03:50PM

OK lets see if I got this right,Connachers end product is paid for in US greenbacks while expenses are in Canadian Loonies,at present time this exchange rate is all POSITIVE for Connacher,however IMHO and a few others the Canadian dollar is headed for parity in the not too distant future,some might say this will not be so positive for Connacher until one realizes that a big part of that parity will be derived from a higher price for Oil ,and indirectly bitumen will escate as well so it would seem that going forward the cashflow will be increasing for Connacher so IMHO the accounting format is irrelevent..

2
Nov 18, 2009 04:50PM
Share
New Message
Please login to post a reply