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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: Will it be today, I doubt it Diggersam BKM DONDON

Jun 12, 2009 04:07AM

Dondon,

I think it was the American economist K Galbraith who once said, " In the long run we are all dead:-)

I do beleive in the long run we have oil issues and to get the not low hanging fruite we need oil about 100$, but oil's ascent to 100 or 150 will not be in a linear fashion. Conceivably it can go down to 30, when it does can cll survive it, if it does it will rip the profits when it goes back to 150.

The question is can CLL survive an othere crash in oil prices that will weaken its cash flow????

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