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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: Some forward thinking - Spiderman8

Aug 09, 2011 03:46PM
1
Aug 09, 2011 06:14PM

Aug 10, 2011 06:17AM

Hi Dave

I'll concede management isn't the best but they're far from the worst,,HOWEVER they probably are the unluckiest.

I can accept this also .i just heard on tv news from one of our best economist that the markets could stay in this nervous condition for quite some time.He blamed ploticians not to have takenb the nessecairy needed reformings at the time th eeconomy was in good shape .Now they must take actions on a time things are going the wrong way so he expect for next year a very difficult one and possible a recession scenario.

So in fact for CLL not such a hopefull view.What will oil and bitumen price due in coming months?With the needed reforming acts if politicians finally will make trough it will hurt everyone so this will have effect on spending.I don't see oil price rising very fast .If we are lucky we stay at around current level which is not bad for economy and gas and heating cost.The FED promised to keep rates low till 2013 too.

We have had a lo,ng time of patience with this stock and I guess it will take a long again until we can see it finally go up to a decent level.

What can we hoping for at best in coming months with the latest troubles and consequences in mind for CLL.

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