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

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Message: S&P cuts Connacher to 'B', may cut further

"Anybody see the light at the end of the tunnel or glass half full?"

My head is buried in the sand until the storm passes.

I don't see much light at this point, but hopefully a few bright spots:

1. Recent hedging.
2. Profitable integrated Luke & MRC (I hope).
3. Signs Alberta may help with financing issues.

Comments from Raymond James are discouraging

"Energy analysts at Raymond James & Associates said broader market concerns continue to weigh heavily on crude prices, even as President Barack Obama prepared to sign into law the $787 billion stimulus package Tuesday.

"The market doesn't seem to think that this plan is going to solve the economic problems in the short term," Raymond James said in a note to clients Tuesday.

I never thought I'd see the day when so many people would be out of work. This is very sad.

-bbq



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