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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: Re: Hang On----

Jun 08, 2010 01:19PM

Jun 08, 2010 03:21PM

HI Brian

Yes markets are very nervous.As for the US $ I don't think it will drop much .If we listen to the news on tv here it's not so good in the Eurozone.The problem with Europe is we have to many different countries , leaders and forms of leadership like Kingdoms ,President states etc..All we here is that all members must keep their debt in balance and because almost all countries in tyhe zone have debt problems there are unpleasant acts to come in terms of more taxes ,reducing pension systems ,freezing wages and some talk about making 40 hours week again instead of 37 right now.So future seems not so bright for the younger people .

So I don't think the US $ will slide against the € .The € has lost confidance among investors and this situation will hold on for a while I think.I don't know which state is the worst .The Eurozone or the US.The biggest differance between the US and Europe is that in the States there is one president as a central command with governments below while here there are to many different laws ,rules etc..

It looks the markets can't take a decission in these trouble waters so stocks are going nowhere .Though the news from the economy is in fact not so bad the focus on the Eurozone troubles remain in the spotlights.

As for CLL we can only hope they have a succesfull ramp up and an oil price which don't fall under the 70 $


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