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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: On a lighter note...

Dec 31, 2008 07:21AM

Forgot some stuff:

My thoughts:

  • Oil goes to $30 in Jan before begining its slow climb back up once the US and other countries start announcing stimulus packages/rate cuts and the Israel/Hamas situation comes to a head. CLL follows oil down to the high 50's. Gridiron expands his meagre holdings at 0.59 SP.
  • mid-Feb, OPEC announces a further cut in production of 1.5 million barrels, providing an additional boost for oil prices.
  • early March oil comes back through $40 as anticipation for the summer season builds. Economies bottom and from here, while 'not great' are 'less bad' CLL hits 0.80.
  • May/June oil comes through $50 where it begins to hold. CLL brings Pod 1 back to full production. CLL hits 1.15
  • August/September - one of the worst hurricane seasons on record pushes oil to the high 60's/low 70's. OPEC increases production by 1 million.
  • The ever increasing world wide recovery (still just 'not as bad as before but not yet good') helps hold oil prices in the high 60's/low 70's through the end of 2009.
  • With sustained prices and a more positive 2010 outlook, CLL announces in their 3rd quarter report that they are going to start on Algar 3 months earlier than now thought. CLL hits 1.45
  • Dec 2009 - 2010 forecasts now show slow growth for US and world economies, not on fire, just better than "0".
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