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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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Message: market outlook

Apr 28, 2010 01:32PM

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May 03, 2010 04:00PM

The sp500 starts to decline.Wouldn't be surprised if we hit 1060 by September are ven sooner.The reslease plan for Greece is not something that could calm the markets.More and more you read about the other 2 Spain and Portugal as well.If that's the case then we will see a sell of again and probably oil down too.With markets which have risen almost on a steady base once the sell of starts everyone will search for the door again.

The current nice earnings I think are short lived and in fact a normal reaction on the low earnings basis before.But that pace of earnings grow will not last so it will slow down the recent rise .

So i think we can pick up CLL at much lower price if this will happen.Those who are dreaming for 2 bucks in short time will be disappointed .


May 04, 2010 11:43AM
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