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: Presentation Question Slide 5

Re: oil

posted on Oct 10, 2008 09:49AM

Oil has reached it's 2006 top .Will it stop right here?

There is so many nervousness that every stock is sold.We may be happy CLL is running compared to UTS which is again a penny stock.

If the bourses could make a bottom at the levels we are now this could be CLL's bottom too.From technical view normally these bottoms could be a good support but in current enviriomets it's hard to predict .That's the only thing we could focus on because if these botoms wouldn't hold then oil price will go down much lower.Then 60 is next.

If DG has the luck behind him and all goes well as planned we have a view on a next output extra at the end of 2009.

Never seen such a mess.People talking every day about the problems.

Many old people bought vaults and took their money from the banks to store it at home like in their good old days.Not smart to me but Iat least they know it will stay there without risk of seeing their bank go bankrupt like what's happening in Iceland.

Share
New Message
Please login to post a reply