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

Free
Message: price/momentum buy signal

$1.42 was the buy signal from the price/momentum technical point of you. This signal may bring back some institutional and individual momentum players. As previously they may start dumping the shares around $1.6

From the fundamental point of you Bitumen prices moved above $50/bbl (March average will be about $48/bbl, Feb average was $39).

CLL total cost (including interest expenses and operational capital expenditure) is about $48 to $49 per barrel of bitumen ~~$100 to $105 WTI).

The above exclude additional $10 to $15/bbl loses on their WTI hedges.

Share
New Message
Please login to post a reply