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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

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BKM8572

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jurek

posted on Mar 20, 2009 05:09AM

Jurek:

You state "Most if not all O&G producers reported OK cash flow in Q4 and very good cash flow for 2008".

Could you please be more specific. Are you referencing oil sands producers? Or conventional producers? If oil sands producers, specifically which ones are you comparing Connacher to? We must of course remember that Connacher was in the "high cost start up" phase of production during this time. A start up which due to the exigencies of economic considerations was an extremely stressful time for all producers and catastrophic for most oil sands producers. A situation which has improved significantly in the 3 months since Q4 2008. The period of course which Connachers report addresses.

Greater specifics regarding whom you are comparing Connacher to is vital for any meaningful analysis of Connachers relative status.