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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: Oil Price escallating

Oil Price escallating

posted on Jun 11, 2009 06:54AM

Oil price is on the run,inventories are down, DEMAND is rising,Connacher is profitable @$45 with WTI bitumen prices alow for near $24 profit @todays WTI @$72 bitumen prices will rise accordingly.IMHO the next NR should announce Algar startup ,with that will come speculation as to what a doubling of production along with an escallating Oil price will do for Connachers price ,a time limit of some 14 months to Algar production can only mean an escallating price for CLL in the comming months ,time to accumulate AIMVHO :-)


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