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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: Re: My Prediction - sharky
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Jul 21, 2011 08:20AM

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Jul 22, 2011 01:08AM

Jul 22, 2011 08:48AM

Scotty

I haven't posted numbers here for awhile, it seems most don't understand them anyway. Murph's numbers are out to lunch in the short term. They are hampered by debt, low production, low Gran Tierra SP, bad management, high production costs. and weak bitumen pricing. They need some help in the pipeline area and upgrading of bitumen to get better pricing. They need less rain to get the ashphalt out. Besides all the poor decisions, mother nature hasn't helped so that they could have reaped the benefits of the fairly high WTI pricing.

I have said it over and over, they need 16,000 bbl/d of bitumen, this will give them credibility which people are willing to pay more for.

I'll do an analysis and have it out before the 3rd quarter numbers are released.

Have a Great Summer!!!


Aug 02, 2011 05:03PM
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