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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: Exploration down Oil uo

May 10, 2009 11:34AM

Exploration down,Opec contemplating cuts,Inventories shrinking,Employment stablizing,Oil prices on the increase,all this bodes well for Connacher,IMHO 2nd Pod $2.00 bbl price away.

I can see bbl price approaching $100 by summers end,I dont see rising Oil price being negative for economic recoverey ,rather I see higher bbl pricing being a stymulous,giving incentive for infrastructure spending in the Oil fields trickling down through other fields,as a beleiver in Peak Oil,$200/bbl will bring alternative energy endevours all the more quickly,I dont want to see Oil run out without alternatives in place,Oils uses are many,but alternatives can prolong Oil as a commodity??

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