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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: Re: OIL!/sharky

Sep 22, 2008 10:44AM

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Sep 23, 2008 05:24AM

Sep 23, 2008 09:22AM

Sep 23, 2008 01:38PM

Yes also my idea.But therefore we have to wait another year and a half to see the multiples changing in a positive way .But meanwhile we can see some up and down movements based on market sentiment etc..Just saw on the news the statements from Bush ,Bernanke and the rest about the rescue plan.

There seems to rise an understandment that the sector must be cleaned out and the corrupt acting will be closely watched and rules are laws will come on line.Something is moving I guess but it will take long time to solve .What is the feeling among Americans about this plan ?How is the crisis effecting Canada ??Europe too is heavily hurt .

But oil companies could be some kind of safe haven because everyone needs this commodity worldwide.

On Stockh.there are some who will get in right now hoping on a news from EUB.

About PDP.It's a long time we have heard something about their cash they put in that ABCP system?Is that all lost are not ?

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Sep 24, 2008 08:35AM
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