Re: NEWS!!! but is the shutting down of production gonna be a negative?
posted on
Dec 15, 2008 09:36AM
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
Hope you're right.Today it's a heavy volume day again.
Another thought is that DG isn't convinced that oil price will go up quick despite next Opec meeting otherwise he wouldn't have taken these steps.
But it could be good to watch the sp to buy on a sell off day again .On LT view not bad if they won't have trouble with the action they will take on curtailing .