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
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If you look back some years you see that tha TSX like many other indexes has reached a heavy resistance point.If we will enter that higher range again we will need more proves of a growing economy with job markets ,housing situatio etc. in better shape.
So wil be hard for CLl to break the trend to a higher direction .Support can come from oil price but will be tough for near term to gain more but uptrend therefor is not broken but a move down after recent run can be.