Re: tricky levels
in response to
by
posted on
Nov 18, 2008 09:54AM
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
these guys will have it their own way .
I think these guys has it their own way since 2006 .From time to time some small investors stepped in or out but mostly these stock is in hands of traders .Since the crisis they have a reason again to go on for quite a long time cause Q3 is behind us and for the rest it's just going up and down based on bourses sentiment and most important oil price for CLL.
In Europe things are not so bad compared to the YS and housing prices are still high though somewhat lower but not half price like overseas ,but more and more we hear on tv that we will not saved and it will come too here.
So I don't think for coming months this will stimulate the oil price.
Would like to know from DG if he fears a price which could stay below 50 for a while.If that's the case what impact will it have on our sp?