CLL Hedges

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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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Road_Warrior

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CLL Hedges

posted on Jan 15, 2010 04:18PM

With the price of oil at $78.00 today Connacher's hedges at $78.00 and $79.00 WTI are beginning to look good. As of this afternoon Connacher is no longer losing money on its 5,000 bbl/d of bitumen production that it has hedged.