Oil price
in response to
by
posted on
May 17, 2011 12:58PM
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
Wouldn't be surprised oil can reach 92 as well within next weeks.
As for CLL we are back at levels before Algar start up and also with lower reserves then.Nothing seems to support this stock and interest is very low.If I'm thinking that I missed my sell order with just 2 cents a while back above 1.6 it would be a good entry point again .Now it's waiting for another move but with markets out of steam I think we enter a very calm period .So patience is again the word we have to add for our CLL stock.Someone posted on the other board that almost all the cash they generate is for paying down the debt and that's right.In contrast with the extra management takes for themselves it's a bitter taste .