Re: Effect of the fear
in response to
by
posted on
Feb 05, 2010 01:07PM
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
it would seem that investors are attuned to Oil bbl,now Analysts are putting latest down turn at the feet of a stronger US Greenback,thing is the RISE in US dollar is ACCREETIVE to Connachers bottom line ie Connacher is paid in US Dollars,IMHO we have the herd mentality,so this dip should be short lived IMHO