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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: Saudis happy with $50 oil for the short term

Yes BBQ

I pointed that out before .If we get a rising price to fast that's not a good sign and could kill the uptrend on the economies again.Stability is indeed the key factor at first.

But we are in CLL and they need a higher price .At least they enough for this year but it's should be better they can earn some more due to their financial situation.

But it looks we tend to go for 55 again.

Hope we could pass 55 then way is up to 60.So far latest uptrend is not broken since mid Feb.and normally we have an up move in oil after March.



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