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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: Fundamentals

Yes they are some positive elements but as long we don't see production from Algar as fact it remains a challenge.

I just have the question why instead they are using esp pumps now and are planning for more it's so hard to achieve the output when at first start up it was more easy to get their.

Ok fundamentals are not bad but look at oil chart.At 90 if we go towards that figure there will be a big resistance and there is also a lot of supply right now so oil is in for a step back I guess.

On the broader markets they too are strugglling to go further up.Remenber last year it was one of the best upwards trends and very quick.So next week new figures will come out and could trigger something but the upwards trend IMO is coming towards an end .


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