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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: Assuming!--Can It Make IT?

Mar 04, 2009 05:28AM

ok so hedge funds were the catalyst for the downward spiral of bbl,butt production levels have fallen ,OPEC's cuts will soon take their effect,throw in the fact that present day oil fields are depleting at 10% rate,exploration has been curtailed and any new discoveries either hard to find or infrastructure is cost prohibitive at these bbl prices.BBL pricing is on its way up,infrastructure spending will include road building,demand for bitumen will increase,this all bodes well for Connacher its cashflow will increase,debt financing will be met,POD2 is a given again increasing cash flow which in turn should see Connacher attain new highs,this will happen short term IMHO,now if this sounds like pumping so be it ,IMHO there has been to much negative posting on this forum??











Mar 04, 2009 06:39AM
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