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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: Interesting

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sellhi

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Re: Interesting

in response to Re: Interesting by old dog

posted on Jan 31, 12 12:39AM (Log in to use the IP Check tool) ^[?]

After a short review of Sunshine, I would have to agree, huge land package and many years away from anything substantive.

I guess there is no appetite for an early stage spec play in North American markets hence the IPO in Hong Kong.

You have to give Connacher credit for how far they have advanced their business plan, a few missed steps along the way but I think they are moving forward.

I suspect oil prices in the short term will hold on Middle East tensions and I don't think a downturn in the European economies will blunt the world wide demand for oil.

I'll wait at least until the GLJ report comes out before re-evaluating and making a decision concerning my current CLL holdings.

Sellhi

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