Re: With the----
in response to
by
posted on
Aug 05, 2009 01:59PM
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
Brian
if you're referring to yesterdays high volume, it was simply due to the fact that oil spiked on Monday while the TSX was closed. Volume will continue to be low until earnings are out.In fact a quick glance at OPC and UTS also shows low volume..Oilsand plays have been slow to recover due to lower oil prices and concerns over King Obama and has cap and tax carbon plan. If earnings from ALL oil sand plays show an improvement in the 2nd quarter, then confidence in the oil sands as a viable source of energy will improve,bringing back investors and sp should improve.