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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: AGM
AGM

Mar 04, 2008 06:38AM

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Mar 04, 2008 10:01AM

Re: AGM

in response to by
posted on Mar 05, 2008 04:05AM

Hi Jurek

 

TNX for comments on the AGM.I agree with you that the focus for investors will be on the production of POD 1 and other news for the future rather then the YOY results which many are convinced not to be spectacular.

Today new artickle appeared about concerns from central bank in Europe about the high euro price versus the us $.I think the $ will be down until elections are past in november.You're right to say that the US $ is the main drive for the oil price and gold price.But I think we are near the top .Latest supply # are showing grow in data .Also people including in Europe too are holding their purse closed which put a demper on economie too.If oil price comes down around 15 $ then inflation will slow and with FED injections we could see a rebound on ecomomics.Most analyst from banks in Europe see a mild recession coming for the USA but either slower grow in Europe. 

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