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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: Re: Algar done on time maybe on budget... - sharky

Hi Spidy

The only reazson so far I didn't buy back is the overbought markets situation .It seems today could be a start for profit taking.

I watch other oils as well and though oil price has gone over 84 top they didn't follow the run up and couldn't make another high.i don't see CLL go further up if major markets are struggeling.I think all construction events where in the sp before this news already.

So now it's just waiting for a few months until production starts.For pod 1 we also knew they stuck at 8.500 for a while and it wil take some months until the rest of the esp's is on place.So I don't see why we should go further up if markets fail .

You're right of looking ahead but we must not forget about market situations and behavior as well.

See this Dow charts.Almost all white candles since the collaps.That's not very normal.

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