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

Free
Message: what goes around comes around?

what goes around comes around?

posted on Apr 22, 2009 11:11AM

OK so the weekly number on inventory is up,seems to have little effect on todays WTI and Connacher,these numbers even when issued by Government have been known to be in error.As for the other so called numbers in the post below well lets just say they are just another ANALysts opinion,there is also analytcal data showing China stimulus package is ibcreasing China's DEMAND for raw materials.

Back to those numbers seems the Globe article states a 2million increase for inventory,no doubt decreased use of heating oil could be a factor,anyhow I dont put much stock(pun) in these numbers they can be fuged by a simle placement of a decimal point as has happened in the past.

The fact remains recovery WILL happen Oil DEMAND will increase and SUPPLY will decrease,JMVHO.

Connacher has near doubled from lows of a few weeks past and seems to be holding up well given present economic climate.Going forward USA and Canadian infrastructure should be entering the system in the comming weeks where DEMAND for Connachers products will increase ,with that DEMAND will come higher prices effecting Connachers numbers in a positive manner AIMVHO?

Share
New Message
Please login to post a reply