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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: exchange rate pros and cons??

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Re: exchange rate pros and cons??JUREK!!!

in response to Re: exchange rate pros and cons??JUREK!!! by willysam

posted on Nov 19, 09 08:05PM

hey Willy

I agree,am afraid I dont quite get what Jurek is implying,I am only reposting what Connacher has released in its NR,that and the question of what the monetary issue is for Connachers production ,it seems to me it's in USA greenbacks as stated,as for costs of production being as how production occurs in Canada (which is not yet a State)then monies there would be in Loonies,seems to me its all straightforward,going forward IMHO parity will soon occur and monies made on the exchange will be negated and yes if we have a stronger Canadian dollar well the US buyers will be getting a discount,having said that I do feel parity will occur in no small part to an escallting Oil price and so should mitigate that occurance.

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