Re: Now that's a switch
in response to
by
posted on
Aug 31, 2009 10:53AM
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
Stranger:
It would seem that your monicher is accurately descriptive. As in a "stranger" to market history and reality. Never in history has a market come off an exogenous shock as this one has had, reversed and gone up consistently in an unbroken fashion without major corrections. And that is true with the most stable and strongest of "blue chips". A description not exactly accurate with respect to Connacher.
Connacher not only remains sensitive to its performance in attaining production goals, but also to performance as to the totality of the Algar project, as well as the vagaries of the international and regional economy's, oil pricing, and markets in general. In light of the totality of these considerations, your ebullient enthusiasm seems a bit overly optimistic and naive. One current example of course is your much vaunted example of China which is now down 20% in one month. Bottom line nothing goes up forever in a straight line.
My approach is not one of unbridled pessimism but, rather one which combines a sense of market history and reality in order to avoid undue pain. Perhaps your nature of unrestrained cheer leading could use a modicum of such and a bit less arrogance!
Brian