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

Free
Message: Don't get too excited

Put in your stop losses we're possibly being set up...Markets at two year highs this could be 2008 all over again..let me explain, oil going up for no reason mostly from after hours low volume trading. All markets being pushed up..WHY????? This isn't your usual Christmas rally..So what's going on SIMPLY..Look at what's going on in the States..The BUSH tax cuts expire Dec 31st..They're negotiating right now on a deal. If a deal doesn't happen not only do income taxes go up but so do estate taxes and MOST IMPORTANTLY CAPITAL GAINS TAX ES GO UP SUBSTANTIALLY. There's lot of talk about a major U.S market sell off if no deal is made by the end of the month as people sell off to avoid higher taxes..SO IMO markets are being pushed up to new highs so if there's no deal they can sell off at highs and pay lower taxes then short down.. SO be careful, no tax deal by Christmas and we could have one hell of a sell off.

Share
New Message
Please login to post a reply