Agoracom: Small Cap Investment - Connacher Oil and Gas - Re: Resolute Funds Buying Every Month (More Information on Resolute)

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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niceguy8989

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Re: Resolute Funds Buying Every Month (More Information on Resolute) - For Jurek

in response to

Re: Resolute Funds Buying Every Month (More Information on Resolute) - For Jurek

sharky

posted on Jan 15, 2009 08:25AM

Hi Sharky,

Generally, the 4th quarter is announced with the full year, so the announcement should take place some time in the middle of March.

It doesn't really matter whether or not the Resolute Performance Fund reaches its goal. What does matter is that Tom Stanley feels that Connacher is worth buying, and he is buying in great quantities.

To me, Connacher is a no-brainer (idiom). If the price of oil climbs and holds above $60 then Connacher will continue to build Pod 2, it will produce a considerable amount of bitumen and we will live happily ever after.

If the price of oil does not climb and hold above $60, then over a 1, 2 and 3 year period, we will have a certain amount of apprehension in the oil and gas world because Connacher and many other projects require oil to be at $60 or above.

So let's let it sit there. Most of us are invested long in Connacher. I think everybody would like to see the share price move up considerably higher and probably the way that could happen easiest is for WTI to get above $60 and stay there.