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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: The Spread Between Brent & WTI Grows.....and Connacher loses

Scott:

You have finally come around to the point I have been making for the past year. Canada must absolutely diversify their markets so as to prevent the opportunity for manipulation of an economic threat and club which the US is more than williting to utilize. Market diversification is absolutely required for any industry to shield itself from manipulation by the purchasing entity. At present the differential between WTI and Brent is in excess of $15.00 per barrel. When one times that by the total shipped, one is talking an amazing pre tax net profit margin loss for the industry and Canada. It is rare indeed when any customer will not take advantage of its largest customer when the opportunity presents itself!

Brian

Brian

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