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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: Time to Make a Call

Time to Make a Call

posted on Feb 20, 2009 06:35AM

Times are challenging out there so it's time to make a call.

I'm going to suggest the following: First, that oil is trying to find a bottom at this time and there will be some fluxuations between now and the summer.

However, the Shanghai Index has been climbing since it bottomed a couple of months ago and as you all know, China is making some interesting oil deals with Russia and Brazil, etc.

The Shanghai Index would indicate that China may well be leading us out of the recession. If that's the case, then oil should be on its way up by this summer.

So, there's a prediction. It's a pure guess...but I think you're going to find it's a good one.

Best Wishes,

Lynn


Feb 20, 2009 08:13AM

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