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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: Raymong James maintains Strong Buy for Connacher
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Raymong James maintains Strong Buy for Connacher

posted on Oct 14, 2008 09:08AM

UPDATE 1-Suncor, Connacher top "oil sands" picks-Raymond James

Tue Oct 14, 2008 11:33am EDT

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(Recasts, adds analyst comments)

Oct 14 (Reuters) - Suncor Energy (SU.TO: Quote, Profile, Research, Stock Buzz) and Connacher Oil & Gas (CLL.TO: Quote, Profile, Research, Stock Buzz) are Raymond James analyst Justin Bouchard's top picks in the "oil sands" sector, as he believes Suncor is generating significant cash flow and has additional growth plans underway, while Connacher is delivering on expectations and is in a strong financial position.

Bouchard upgraded Suncor to "strong buy" from "outperform," and maintained a "strong buy" rating on Connacher.

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