Welcome to the Connacher Oil and Gas Hub on AGORACOM

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

Free
Message: Discount rate up/ $US UP/ commodities down

I don't care the CAD $ too is rising against the € .

Normally the € will fall further as there is the reason US economy will first climb and Eurozone will follow later resulting that the rate will be tightened first in the US vs Europe.

So for me being in non Euro stocks is not that bad.

So far reaction is not severe in Eurozone..

Oil also found some support at 77.70.

I think oil will not go down near term.

Share
New Message
Please login to post a reply