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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: Re: WELL----

May 21, 2009 02:13PM
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May 22, 2009 09:26AM

Can the price of oil remain viable in this environment?

Good question.

But if you're looking for an entry point I think buying some at this level wouldn't be bad.After all if we're supposing they can achieve their goals the sp will be much higher by then.At some point there is always a basic value.

Assuming oil will stay around current level with their announced asphalt sales this year etc. the coming Q's can be better then last one.

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