CLL's profits on production---

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2violins

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CLL's profits on production---

posted on Jun 10, 2009 06:57AM

are limited because of the sqeeze on refinery margins with the oil price rising.---That's what happened when the oil rose to over $100 per barrel last spring.---The other negative on bitumen profits rising, (because of the decision to hedge on bitumen prices), is that we'll have to wait for the expirey of the contracts which CLL signed for the hedging.----CHEERS!!!

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