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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CME group which owns comex has increased margins to buy precious metals, they have slid significantly, I believe a lot of positions are scrambling to meet those requirements. By monday margin requirements to increase 84%. It seems to have spurred this commodity sell off. I may be wrong, but it is an idea. Oil is off to $100.00 even right now, down almost 10 points.

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