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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: A Question for CLL Investors! - BKM8572 - 2crude?

Sep 11, 2009 11:28AM
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Sep 14, 2009 06:44PM
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Sep 15, 2009 03:19PM

just a few comments,with speculation on $30/bbl management might not want to acheive max production,a form of cutting your losses as with their past production cuts incurred further expense with renewed startup.Until Oil prices stabilize longterm why sell for less,IMHO economic recoverey will increase DEMAND but with present inventories at the high end short term price drop is likely,now it wont take much to make a dent in the inventories ie,OPEC cuts ,Hurricane season is still in place and of course Terrorist activity now these latters are more if than a recovering economic DEMAND and Oil in the ground wont go away,just maybe management wants to leave it in the ground until it fetches a higher price,note Trusts use their reseves for leverage Connacher can do the same..

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