Jurek

I always respect, always, what you write. I never said a strong US dollar is good for CLL, never, never, never.

What I did say was that Oil is priced in US dollars. Now lets pretend for argument sake that the US dollar and the CDN dollar were at PAR and OIL was stuck at $80 US. Lets also assume Bitumen was priced $7 less then WTI. Just assumptions here, nothing else. CLL would receive $80 US which would be $80 CDN, because I agree that they account for it in CDN dollars. Now they would also get $73 in bitumen dollars.

Now lets assume the CDN dollar was at .95 of a US Buck. CLL would then receive $84 CDN or roughly $76.84 for Bitumen, if OIL was at WTI $80.

Having said all that Generally a Higher US dollar means a lower WTI, that seems to work in tandem. So yes a higher US dollar does not help CLL IF WTI goes in tandem.

A higher CDN dollar helps CLL tremendously on their debt as it becomes cheaper to pay, because it is paid in US dollars. So therefor a strong US dollar hurts CLL here.

This is why I said you are both correct. At least that is what I think.