Re: OPEC Numbers
in response to
by
posted on
Mar 03, 2010 06:45PM
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
Sharky,I think you should be thinking about the end product ie what will the situation be when Connacher is producing 50000/bbl,what will the price of bbl be,yes their will be debt,but just as debt goes so too can costs come down,developing countries are increasing their DEMANDs soon that demand will more than make up for any shortfalls in USA and Europe yes it will be hard for some but for an investment in Oil and Ng its business as usual,time to focus on what one is invested in and not overall economies,yes they will effect Connacher but IMHO Connacher will prevail..