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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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BKM8572

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Re: Playing the risks when hedging.

in response to

Playing the risks when hedging.

MarlboroDog

posted on Nov 23, 2009 12:10PM

Marlboro:

I would hedge 50% of my production at break even and mandate proudction efficencies to get me to a profit position. Then I would hedge another 25% at five$ over that level and the balance of 25% at $17.50 0ver my base line of $60.00. Remember, bears make money, bulls make money, greedy pigs get slauhtered. Right now better to avoid greed and ensure proction at known profitability levels!

Brian

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