Welcome to the Connacher Oil and Gas Hub on AGORACOM

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

Free
Message: The CLL Saga, Act 6, "Exit The King"

Hi Rebels,

What in general do you make of the current international unease to Connacher's rising share price? Iran is threatening to close the Strait of Hormuz temporarily suspending 20% of world oil transportation. An Iranian nuclear scientist was just assassinated in Tehran, with Iran sending a "rare letter to US" blaming Washington, while others suspect Israeli involvement. In the meantime, China is looking for oil supply stability via investment in Saudi Arabia. Is China just too geographically distant from Canada, Connacher just too small, or etc. to interest the Chinese?

Very dangerous situation developing at the moment. I'm considering oil prices will continue to increase due to the world market uncertainty, but what comes next? Tanking of the world economy when a coalition attacks Iran? Or further oil price escalation? We are in the middle of extraordinary historical events!

Share
New Message
Please login to post a reply