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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: Speculation versus Fundamentals??

Speculation versus Fundamentals??

posted on Apr 15, 2009 06:33AM

below is from Blomberg,I make the comparrison to Connacher,todays financials leave much to be desired yet Future Speculation looks very accretive??





“Traders are focused on the future and the idea that the economy will soon come back,” said Gene McGillian, an analyst and broker at Tradition Energy in Stamford, Connecticut. “The market hasn’t been trading on fundamentals.”

Crude oil for May delivery rose 54 cents, or 1.1 percent, to $49.95 a barrel at 9:43 a.m. on the New York Mercantile Exchange. Prices are up 12 percent so far this year.

Stockpiles probably increased 1.75 million barrels in the week ended April 10 from 361.1 million the previous week, the highest level since July 1993, according to a Bloomberg News survey before an Energy Department supply report scheduled for release at 10:30 a.m. in Washington

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