Re: exchange rate pros and cons??

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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Re: exchange rate pros and cons??

in response to

exchange rate pros and cons??

dondon

posted on Nov 16, 2009 04:52PM

dondon ...Connachers end product is paid for in US greenbacks while expenses are in Canadian Loonies...

Its hard to believe that "long" CLL investor/speculator like you call yourself has no clue about were and how CLL cash flow is generated.

The only operational cash flow in $US comes from refinery. Bitumen, NG and conventional oil is sold in Canadian dollar. Increase of Canadian Dollar is not good for CLL product since the WTI benchmark is priced in $US.

The only positive effect of high Canadian dollar comes from the CLL loan issue in $US.

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