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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: $75 Dollars a Barrel for June delivery
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Nov 27, 2008 07:23PM
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Nov 28, 2008 01:35AM

Nov 28, 2008 04:03AM

Hi Lynn

It should be interesting to look to the contracts in feruary and March.

Earlier next week and before there was a lot of action in the 40 $ contracts.It could be that traders took their gains and shifting positions to the upside in the June contracts now.

It some positive to see the wti at around 55 again .CLL today broke through the 1.2 too.abd it looked more bullish now at these moment.

Guys who neede a car today and have the money can do good bussiness.In our neighborhood is a car saler who promotes if you by a car which has a minimum price at 23.000 € you get for FREE a second car to maximum 14.500 € .They write they don't care what you do with even if you sell the second car immediatly at a bargain to a friend or someone else.Never seen such actions and I bet there will be more such actions on other goods too during shopping season.That means a lot how bad things are.




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