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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

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Jun 09, 2010 01:12PM

Brian

Did some research on GDP /debt ratio.

http://www.aei.org/outlook/100962

The cure is not so bright no matter which they choose.We will go into a very long period of trouble specially in the Eurozone,UK and the US.So as an investment in a Canadian company for foreign investors may not be a bad choice also in terms of currency policy.

CLL is still a risky one but assuming oil can stay above 70 it can at current price bring some profits.If states like the US ,Europe and the Uk will be forced to take steps to reduce their debt and causing lower spending etc.. countries like China ,India Brazil which have less debt problems and have still a good grow scenario ,could support the oil price.For small companies this can benefit more then bigger companies in the longer time .So if CLL can survive and oil don't dip an sp slowly going up can be possible now Algar will producing .


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