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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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Message: Last CLL Trading Session on Dec31, 2010
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We have debt, a huge one that may be crashed under its heavy weight if oil drops even to 50.

I believe that the most critical issue here is that hedging programs for 15k barrels must be in place for the next couple years, just in case there is another market crash. I know that it hurts to throw away the possible upside if oil increases significantly from the current levels, but we MUST be cautious in case there is a repeat of 2008.

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