!!!!!! note the reference to "US Greenbacks" wether a long or speculator an investor has to be informed myself I kinda lean on Connacher's NRs

At November 11, 2009, Connacher had the following WTI crude oil price-hedging contracts in place:

    <<
    -   April 1, 2009 - December 31, 2009 - 2,500 bbl/d - WTI US$49.50/bbl;

    -   September 1, 2009 - December 31, 2009 - 2,500 bbl/d - minimum of WTI
        US$60.00/bbl and a maximum of WTI US$84.00/bbl; and

    -   Calendar year 2010 - 2,500 bbl/d - WTI US$78.00/bbl.
    >>

As at September 30, 2009, the WTI crude oil forward price curve exceeded the hedging contract prices, resulting in a current liability and an unrealized mark-to-market ("MTM") non-cash accounting loss of $1.8 million for these contracts. For the year-to-date, the opportunity cost or realized losses on these contracts totalled $14 million. These losses are deducted from reported upstream revenues.

Additionally, in order to mitigate foreign exchange exposure to commodity pricing, Connacher entered into a foreign exchange revenue collar which throughout 2009 sets a floor of CAD$1.1925 per US$1.00 and a ceiling of CAD$1.30 per US$1.00 on a notional amount of US$10 million of monthly production revenue. For clarity, this contract provides the company a benefit from a strengthening Canadian dollar. As at September 30, 2009, based on the forward foreign exchange rate curve, the foreign exchange revenue collar had a value of $3.4 million; at December 31, 2008 it had a value of $1.8 million. The change in these values resulted in an unrealized non-cash foreign exchange gain of $1.6 million in the first nine months of 2009. Additionally, in the first nine months of 2009, Connacher realized a hedging gain (and received cash) in the amount of $3.9 million on this contract. These cash gains are included in foreign exchange gains/losses.