Re: Bourses predictions
in response to
by
posted on
Feb 25, 2009 12:43PM
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
Hi Rebels
I don't know much about internal politics in the US and how they look up to Obama.
I only know he's elected so far .Seems you're not a friend of him.Sometimes I think you're more an American then a Canadian.I'm sure if you were an American you belong to the Republic camp.It seems firearms are an important issue over there .
We don't have that attitude here cause guns are forbidden and you must have a licence to own guns.But if it was not the case I also would have a gun (lol)
But to solve this problem it's hard to say which is a good method.During the Bush legacy the markets have been manipulated on technical basis and they succeed always to avoid breaking crucial levels.Now they pay the price .If an econmy is mostly based on debt at a certain point you meet the bill .And that's what is happened.Same with oil price.Manipulated to levels far over the real demand.Was that OK ??Don't think so right now.
THe guy of the analysis is not a shorter .They are using Turbo's ,some kind of options strategy (delivered by ABN Amro bank)and they go long or short depending on the market conditions.
Now for CLL.If they can't reach a decent price at where they were able to pay the interest we can only hope they found a partner or a take over candidate.I think the sp will be higher but to reach our long time trading zone will be difficult.
Just wondering about average opinion here about the move on sp?Who's thinking CLL can overcome a scenario where bitumen price stays below the proposed levels to make decent cash flow.What options are open then ?The worst is isssueing more shares IMO because that creates once again dillution.
What if Alberta does something about royals?Would that help enough?