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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: Rate cuts

Rate cuts

posted on Jan 22, 2008 05:26AM
It now looks like the US Fed will have to aggressively keep cutting rates. Rate could go down another 2 points this year. CLL's 600 million loans are with US banks. If rates go down that much they will refinance which will improve the financial. Also the SEC is evaluating on changing the way oilsand reserves are booked. So there are a number of things out there that could push the share price higher than some of the estimates put forth on this board.

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