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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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jurek

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Good week

posted on Apr 03, 2009 04:18PM

Very good week on the Bay street, with financial sector on fire after G20 exuberance.

Energy sector on TSX was 9% up, XEG (my favourite energy ETF) 19% up, CLL not to bad 5% up in one week.

Good call Brian on PDP. PDP up 22% this week ( it was 40% up today 1/2 hour before the bell).

Some reading material for the weekend. RJ weekly Energy Bulletin.

http://www.andrewjohns.ca/assets/sec...

Few things from this report to bring to your attention:

On the NG front (Page 2) Looks like NG storage will be full this year 2 months earlier then average year. Some producers will be force to shut down the production.

Crude Oil storage (page 8) at record high levels as well as the Distillates storage(page 10).

OPEC Spare Production Capacity (page 9) at highest level in years (about 7 million bbl/day) despise the Gasoline Demand (surprise) at Five Year Average.