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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: Forex and Hedging

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Re: Forex and Hedging

in response to Forex and Hedging by Booster

posted on Nov 20, 09 02:55PM

puhleez ,the Hedge is a sell at that price its put there so as to mitigate a WTI price on the wane,IF the price "WTI" Connacher does not get anything above the hedge and that's a period,for all intents its a paper loss,note we are talking about 2500bbl the other 6000bbl garners the market price and that's in USA greenbacks equivelent or in Canadian equivelent PERIOD!!!

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