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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: Price Inflation
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sharky:

You are correct wth your logic on exchange rates. My first buy of Connacher was at $2.12 USD when the US exchange rate USD/CDN was .80. Now the exchange rate is USD/CDN .97. Therefore my exchange rate adjusted price on that first buy was in a currency adjusted basis at a price of 1.67. Therefore on that initial purchase I have benefitted by 45 cents. Not enough to get me to break even as the SP of CLL has declined by an even greater percentage.

Brian

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