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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: Anyone Tired?

Sep 26, 2011 11:12AM

Brian

Tired yes...ALL oilsand companies have been decimated down to a share price as if the price of oil has already collapsed.. Oil prices are dropping however demand so far hasn't. This dip is different from 2008 because unemployment levels are higher in most countries than before. Companies are cash rich and aren't spending, in the U.S I've heard it called the Obama effect..Once him and his unfriendly policies towards business are gone companies should start hiring and the U.S will start to recover. Question is will we have to wait 1 year or 5 years to get rid of Obama.


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