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

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Message: Oil Spill vs Oil Price

Hi Brian

Already on board?I guess it's early morning for you?

Yes you're right another oil dip will be catastrofic i suppose.We need some luck for this company to see an sp moving back in the 3 to 5 region where it was before the crisis.With some more succesfull trades on top we can make good money as well.

I don't know what you here in the US on tv news from governments statements but here we have elections coming within 2 weeks and all what we here they must stop the spending and tighten the belt and found some extra money by taxes ,put a brake on wages ,pension systems ,social care etc..So the measures they will take are far from popular and they say on top to get out of the debt situations they need to hold on for years to come .So the glorious part of the past lifetime will be gone .

So far today futures are in the green.I hope on a small summer rally .Perhaps the focus will become more on the economic news and companies then on the Eurozone debacle.

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