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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: EGYPT

Jan 28, 2011 06:47PM
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Jan 31, 2011 12:31AM
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Jan 31, 2011 07:19AM

Jurek

I disagree.. Russia will do very little to intervene as high oil prices benefit them..NATO is impotent and Obama is a Muslim sympathiser..Europe doesn't have the balls to go to war over anyhting...You're also forgetting that if the Muslim Brotherhood makes a move, Iran, will probably start messing around in the Straights of Hormuz thus tying up the U.S Navy.

So there's 2 oil choke points with potential trouble Suez and The Strait of Hormuz. Either one would send oil up but if both are pooched who knows what will happen.

As for CLL if the Middle east goes up in smoke then Oil sands companies should rise in value simply because The sands are the largest reserves in a safe country.

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