Agoracom: Small Cap Investment - Connacher Oil and Gas

Welcome to the Connacher Oil and Gas Hub on AGORACOM

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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spiderman8

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Quick Review

posted on Mar 18, 2011 10:17PM

It looks like they are headed in the right direction...but....

They need to reach 15500 bbl/d of oil sands production with a netback of $34.00.

The production is in their hands and I believe attainable. The $34 is partly in their hands by lowering operational costs per barrel, and continuing to source new sales markets.

We can only wish Enbridge comes back online at 100% soon,Husky comes back on line and the U.S. Economy improves.

Until then the SP will languish.