Re: Why stick with CLL?
in response to
by
posted on
Apr 11, 2009 09:09PM
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
Rex:
Perhaps the salient question is where oil is headed over the next few months. If it rises to $60 to $70 I believe it will be good for Connacher and the economy. If it should rise much beyond such level and particularly if it rises beyond $100.00, then look out. The stress such would put on an already weakened market and economy will be enormous and I believe do irreparable harm to an already stressed underlying economy and of course, the entirety of the oil patch eventually.
By the way, good reading for all; "Meltdown: A Free Market Look at Why The Stock Market collapsed, The Economy Tanked and Government Bailouts Will Make Things Worse"--Author is Thomas E. Woods, Jr.
Brian