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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: Oil hits $100

Feb 23, 2011 11:08AM

Feb 23, 2011 01:45PM

Well I guess if oil goes higher this could kill the recent started uptrend in economics again.

We can miss a higher oil price at this moment.I don't like it .

In short it can be good for CLL but this may not last for a long time.

Just when the economic situatio starts to improve we get this actions in the North African region.Hard to predict how far these events will go and more what the consequences will be .For the Western world the only problem is they have the greatest oil reserves and because oil is needed for almost all we do in our modern times it's a little catastrofic.

More independance of oil supply from there as energy supply should be better.

In comparison with the markets CLL is doing not so bad.Other oil giants like ENI are more hurt .

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