Re: Fear and greed
in response to
by
posted on
Mar 05, 2010 03:05AM
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
Jurek
I just found that article yesterday and from time to time you can read these almost same writing stuff probably in other magazines etc..
Predictiniions about a DOW lower then 6000 are probably way off to negative .These predictions are made on techincal chart readings but it will not always say we will end up there.It will depend how future will developping but of course the downside is still looming instead of a bright future .The reasons are known by the debt situations many countries are in all over the world.Now in Europe Greece is in the spotlights but after that they watching Portugal,Spain,Italy etc..
So for Dondon .Do we have to sell CLL now.No I don't think such because the timing isn't there right now to sell but when for some reason there is again pressure on economics or some country which become in troubled water etc.. it will effect on CLL no matter if they have doubled production in time.
Today CLL is on it's way for a doubling but when it will be is still a question.End 2011 COULD be but is far from certain as we have learned from pod 1 which is after almost 2 years not at his full capacity.And even we reached that 20.000 goal in very short timeframe we have on the other hand a double amount of shares as well.
If they play the game very tactical when things go wrong in the world again and they hedge a lot of their production that could soften a downturn if the oil price takes a dip again.If they should have hedged their production when the sp was around 5 and their producction was at a decent level then I don't think we should have reached a sp below 1 .He knew that 60 $ oil was a level where it was tricky for CLL .The trend was going down after we reached 145 so eve,n if they acted at 100 it was still a good move.
BTW guys do I express myself clearly in terms of using the verbale "Should etc"I'm not always sure it is written properly.