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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: Just When News On The Oilsands Can't Get Much Worse
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I took the sp500 index chart today.

The bourses can't make a fist to break the negative trend.The resistance line is down and we couldn't cross it.From artickles out Time magazines optimism is almost gone and I'm afraid the markets will search lower levels.So far oil is staying flat with average around 75.

If there are indeed no signs coming up that economic activity picks up we won't get a good reward if production starts by end of August.The chance we go for another dip is still possible IMO.So if this occurs CLL will face headwinds again.

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