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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: chart

chart

posted on Jan 31, 2008 07:25AM

I took a 3 months chart from CLL

Still we can see that the red candles are always in front to the greens.
24 green and 38 red ones .This means that during 62 days of trading the selling pressure was mostly greater then the buying .So the confidence in this stock is still weak though we are in ramping up mode right now.
I suppose we have to wait after Q2 before we can move over 4.4 .
Q4 numbers will not add some eps an also Q1 I doubt because the output now is not big enough to cover the NG and operation cost .

In short time I think we could move to the 4 again and later back to 4.4 but that resistance will be tough to take.
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