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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: Peak Oil / Sharky
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Oct 22, 2008 11:25AM

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Oct 23, 2008 09:23AM

Well Scott hope your vision is right they can make a bottom .

But to see +150 $ within 2 years is somewhat too optimistic I guess.

We may not forget that we haven't seen such a trouble during our investment time or we would be very old and have a long beard.

If they cut very hard some will have critism on them .Also it's true not all members are doing what they predict and markets know that.Tomorrow could be a reason for a short lift on oil price we will not hold on I think.

The fact is we are just entering a recession and I just heard on tv news here that in the UK mortgages begin to hurt people.So how can we see a relief for markets in short term?


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