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: In Jail??

Re: In Jail??

in response to by
posted on Sep 09, 2009 03:29PM

Actually I did pick up a few more shares over the past week. I saw our position from a perspective of there being not much risk now because of the hedges in place and laddering upward, because of OPEC's handle on production, because the recession is over (today's TIC news), and because of the dollar weakening (is that a paradox?) And because of my perspective, all I'm missing out on is lost opportunity in other positions, but I don't know of many other places I'd like to be right now. Connacher has sufficient finances in place for a while, and I expect a good Q3 earnings report. I've been enjoying the progress per slide updates on the Web site. It seems to me to be a good time to build a position at a low point, unless one sees better opportunities, in which case I hope you'll share in a PM? :-o)

Share
New Message
Please login to post a reply