Re: NEWS!!! but is the shutting down of production gonna be a negative?
posted on
Dec 15, 2008 08:22AM
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
Rebels
Yes you're right about the 25 $ issue .Same as the 200 $ mark too but you never know for sure how things will evolve in short though I also think around the 40 could be the bottom.Will see next days at Opec meeting.
Maybe DG could change tactics if he is somewhat convinced about a stabilization in oil price .If he gives the go ahead again for Algar with a short delay sp will recover soon .Just don't know what is best for weather conditions in that region for transport to site.I learned that access is better in winter time then in spring when ground becomes muddy .Is that so?
Now I think we could see 0.70 in short time .