Agoracom: Small Cap Investment - Connacher Oil and Gas

Welcome to the Connacher Oil and Gas Hub on AGORACOM

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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Loan last year

mmagic

Oct 22, 2008 11:25AM

Oct 22, 2008 11:40AM

Oct 22, 2008 11:41AM

sharky

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Re: Loan last year

in response to

Re: Loan last year

diggersam

posted on Oct 22, 2008 12:30PM

Well I hope DG is right because we are nearing 60 $ oil price.

Graphique Intraday

Oil is realy diving very fast if we look to the bigger chart.Was it now Friday the Opec has its meeting? Oil needs some news to stop this downside but if Opec will succeed that's the question.

So at 60 we have some support from earlier but then 50 is next.If we look the dive is very rapidly

To me to stop this a strong hint from Opec is needed but they have not such a good reputation to hold at their predictions.Now that Q3 earnings come out the CEO's give even a more gloomy outlook for Q4 #.