Re: Natural Gas Collar
in response to
by
posted on
Sep 05, 2008 08:19AM
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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Yes sp is driven by lots of things specially oil price and a lack of good news from CLL.There is potential for a higher sp if things go ahead like planned but latest months haven't show not much.
I hope he was right that we will have Algar around October and hoping maybe sooner + the production is over the 8.000 with the new assessments.
To Brian
Yes a 100 oil price would not be bad and I think it's possible we stay above that level .I read a latest article there is a sense that oil will hovering between 100 to 120 in next times to come. In fact would be a good case for consumers if the climbing is over.Central banks are looking to inflation and if this will drop some more they can lower rates .
I guess the US will recover sooner then Europe.