Re: Bitumen price for December 2011 ?

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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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jurek

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Re: Bitumen price for December 2011 ?

in response to

Bitumen price for December 2011 ?

dread dogs

posted on Dec 13, 2011 10:55PM

current price for Bitumen?

Current (Dec 12) Dil-Bit Price at Haristy Alberta is $78/bbl. This would translate to CLL Bitumen realized price about $53 to $54/bbl.

Q4 average is shaping to be about about $51 to $53/bbl. Very close to the brake even total cost.

Refining margin from CLL refinery may drop as much as 60% in Q4. Too much gasoline everywhere. This will pull down on Q4 earnings.

Martin

Sorry man but your 13% returns are not based on unrealistic assumptions. If you wish I can PM you a message with the calculation. In general people on the board hate the numbers.

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