Not Trading With Oil

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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BKM8572

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Not Trading With Oil

posted on Jun 21, 2010 11:21AM

Connacher has seen no benefit from the past weeks $5.00 increase in the price of oil. Combined with extraordinarily low volume of the same period, I can only assume that the market is waiting for indication as to how Algar is performing. Assuming oil stays up and Algar begins showing good signs, we should move nicely up. If not, look out below. Hopefully Connacher staff did their calculations and lay out accurately and well with no repeat of Pod 1 problems!

Brian

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