Re: Resource journal artickle
in response to
by
posted on
Feb 11, 2010 10:59AM
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
the article bodes well for a reduction in production costs going forward,with an increase in Oil price (inevitable) an overall production increase ,it all seems logical that Connachers value and therefore its price should rise,I would further extrapolate and say that given CLL rose above the $5 mark ,there is no reason to believe that those numbers will not be visited once again,and IMHO that will be in the short term ,last quarter of 2010???