Connacher unwilling to keep pumping out its reserves
Connacher said that prices are so low it can no longer cover its costs and is unwilling to keep pumping out its reserves at a loss. For full story, click here
Articles Tagged "connacher"
Connacher gets a news order in council for Algar Project
The company said that it has been advised that the Lieutenant Governor in Council, by Order in Council Number 525/2008, has authorized the Energy Resources Conservation Board to grant Approval No. 1253 to Connacher Oil and Gas Limited. For full story, click here For company’s website, click here
Upgrader: Tight belts
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market news As predicted, the combination of falling oil prices, demand destruction and tight credit is beginning to affect heavy oil and oil sands. Energy stocks and trusts are down, and the news marginalia suggests that companies have a bleak outlook for the future profitability [...]
Refinery expansion canceled at Montana Refining
Connacher Oil and Gas, which bought Montana Refining in 2006 announced that it is shelving the expansion plans of bringing the refinery to 35,000 barrels per day from 9,500 barrels. Cameron Todd, vice president of refining and marketing for Connacher said: The economic conditions that support the refinery expansion are not there. In addition, the capital markets are awful, [...]
