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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: What says you?
1
Oct 18, 2010 03:23PM

Oct 19, 2010 03:55PM

To quote The Reverend Wright, " the chickens have come home to roost"

I'm thinking that the financial glass house propped up with stimulus money is about to come down. Markets are way to high on crappy economies. Europe is about to explode as Unions start to march ( France, Portugal) , debt is crushing the U.S ( notice they won't release the budget or deficit numbers until after the election ), yet markets are near highs. Can you say DEJA VOUS? This is starting to look like 2008 and all over again. Remember market was pushed to new highs before it folded like a deck of cards. I'm going to put in the stops, worst that can happen is they're taken out and market moves up. One thing I will say is that as much as I like CLL, if the market crashes again , CLL doesn't have the 800 million in cash it did last time so survival would be more difficult if oil drops too low again.

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