Effect of the fear
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posted on
Feb 04, 2010 12:26PM
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
Opening with a huge gap and declining further.
CLL is very vurnable to the drops in oil.We are back at the possible support line.
If these line will hold that would be ok but so far it's not clear.
Investors are very nervous these days.It wil be hard for CLL to break the 1.65 even if Algar is running.The minor bad news can send the stock down.It's clear that the debt situation all over is the biggest drag.In terms of currencies I don't know which is the best.The Eurozone has has problems as well specially countries like Greece,Spain ,Portugal ,Ireland etc..